Sunday, January 01, 2012

GUIDELINES

  1. Visit the model house of the housing project personally or thru your representative.
  2. Choose the location of block and lot number thru Developer's Sales Map.
  3. Decide what will be your mode and terms of payment.
  4. Mode of Payments:
    • In-house Financing-your loan will be process directly to the developer.
    • Bank Financing-developer shall be the one to process.
    • Cash Deferred Payment - 24 equal monthly installment ZERO interest
    • Spot Cash Payment - avail of discount if fully paid within 6 months.
  5. Terms of Payment:
    • DOWN PAYMENT payable in how many months?
           In-House Financing – 24 months.
           Bank Financing - 15 months.
    If you will pay the net down payment in 30 days you can avail a 7.5% of net DP.
    Note: Move in will be on the 16th to 18 months for the preselling unit.
     
    • Balance payable in how many years?
           In House Financing – maximum of 10 years.
           Bank Financing - maximum of 20 years.
     
  6. Pay the reservation fee.
  7. Fill out Buyer's Information Sheet (BIS) and Reservation Agreement Form.
  8. Sign the following  forms:
    • Contract to Sell
    • Special Power of Attorney (if Buyer is not available)
    • Insurance Form (Mortgage Redemption Insurance (MRI) and Fire Insurance
    • In-house or Bank Loan Application Forms
  9. Get the list of requirements together with signed forms from Developer's Office or your Agent
  10. Requirements must be submitted within 60 days.  Submit a letter, if submission will be delayed.
  11. Pay your  first monthly downpayment after 30 - 45 days from reservation date.
  12.  After full downpayment,  start paying your monthly amortization.  
  13. Upon full  downpayment, you may now inspect your house
  14. Sign house acceptance  after house inspection process.
  15. You may now apply for Meralco (3 weeks) and water connection (3 days)
  16. While waiting for electric connection, Developer will allow you to a sub-meter connection.
  17. Upon house acceptance, you'll be allowed to construct interior and exterior improvements.
  18. Just get approval from Developer's Office.  Submit sketches of the improvement.
  19. Approval from the Developer is free, fast and easy.
  20. Upon approval, apply and pay the Building Permit to Local Municipal's Office.
Ways of Paying this House:

1.  Thru Bank Financing
Reservation Fee: from Php 7,500.00, 10,000.00, 20,000.00 to 30,000.00
Dowpayment: 12.5% of the Total Contract Price.  To be paid in 15 monthly installment without interest.  Start of payment:  30-45 days after paying the reservation fee.
Balance Loanable: 87.5% will be loaned from our accredited bank.  This is called the bank amortization. Our Developer's office will process your loan.  Start of payment:  On the 16th month. After 15 months of paying in full the 12.5% downpayment.  If you pay the downpayment in full cash, your bank amortization will still start on the 16th month.
Estimated Move-in Date:  On the 16th-18th month.  After 15 months of paying the downpayment and bank has paid the Developer.

2.  Thru Inhouse Financing
Reservation Fee: from from Php 7,500.00, 10,000.00, 20,000.00 to 30,000.00
Dowpayment: 30% of the Total Contract Price.  To be paid in 24 monthly installment without interest.  Start of payment:  30-45 days after paying the reservation fee.
Balance Loanable: 70% will be financed by the Developer.  This is called the Inhouse amortization. Our Developer's office will process your loan.  Start of payment:  On the 25th month.  After 24 months of paying in full the 30% downpayment.  If you pay the downpayment in full cash, your amortization will still start on the 25th month.  
Estimated Move-in Date:  On the 16th-18th month.  After 15 months of paying the monthly downpayment.

3.  Cash Deferred Payment - 24 Equal Monthly Payments 0% Interest
Reservation Fee: from from Php 7,500.00, 10,000.00, 20,000.00 to 30,000.00
Dowpayment: There is no downpayment required.
Amortization:  There is no amortization.
Cash deferred payment is considered as cash.  Reservation fee is deducted from Total Contract Price.  The balance will be divided into 24 monthly installment without interest.  Start of the 24 monthly payment:  30 days after paying the reservation.
Estimated Move-in Date:  On the 16th-18th month.  After 15 months of paying the monthly installment.

4.  Spot Cash
Reservation Fee:  from Php 7,500.00, 10,000.00, 20,000.00 to 30,000.00
The balance will be entitled with a discount ranging from 4-10% depending on when you will pay in full.

Important Reminders:

▪ Limited availability. Only few units available with this price.  Always ask if available.
▪ Corner and end lots have bigger areas, so price is higher by 10% or more.
▪ Every block has different prices. Price is higher for lots facing east, main road and near entrance.
▪ Ready for Occupancy houses not included in this payment scheme. 
                                                           
Terms and Conditions:
  • Reservation fee, downpayments and amortizations are NOT refundable.  
  • But it is transferable to another person or unit provided under same agent and developer. Fee: Php 3,000.00.
  • 10% downpayment is required for you to move-in to your unit.
  • If downpayment is paid in cash, 7.5% discount apply base on net downpayment.
  • If  total contract price is paid in full cash, you have 10% discount base on the net selling price.
  • Other terms and conditions apply.