Hi! Welcome to my blogspot. I just want to share to you the not so latest update from Pag-Ibig the "PASALO" which I inquired recently because I am also offering my townhouse unit and so to help the buyer and the seller of the process and requirements please read. Dear Miss A: This refers to your inquiry regarding your Housing Loan Availement under Assume Balance (Pasalo). Please be informed that the Pag-IBIG Fund doesn't have an assume balance anymore on mortgaged properties (Assumption of Mortgage) or what others called as 'pasalo'. The new process is now called repurchasing. Below is the Checklist of Requirements for Repurchasing: 1. Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable) (2 copies, HQP-HLF068/069) 2. Proof of Income 3. One (1) Valid ID with signature (photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and Spouse and Attorney-In-Fact. Any of the following: ✓ Passport, ✓ ...
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