02/03/2016
1. Available Financing / Acceptable Payment Scheme:
Pagibig (HMDF) – Developer will process your loan with Pag-ibig
In-house Financing (IHF) – Developer will extend the loan to Buyers
Bank Financing – Developer will process your loan with accredited bank
Cash
Deferred Cash – maximum of one (1) year to pay in equal monthly installment without interest.
2. Reservation Fee (RF) – Accept Cash and Check only. Reservation fee is not refundable and not transferable.
3. Total Contract Price – includes Transfer Title cost
4. Equity or Downpayment (DP) – Equity/DP is not refundable and not transferable.
Pagibig – 30% required DP payable in 6, 9, 12 or 15 monthly installment. No interest
Bank – 10% required DP payable in 6, 9 or 10 monthly installment. No interest
Inhouse (Reg) – 20% required DP payable in 6, 9 or 12 monthly installment. No interest
Inhouse (Promo) – 10% required DP payable in 6 monthly installment. No interest
5. Amortization (MA) – Amortization is not refundable and not transferable.
Pagibig – Up to 30 yrs @ 7.985% interest per year
Bank – Up to 20 yrs @ 10% interest per year
Inhouse (Regular & Promo) – Up to 15 yrs @ 18% interest per year
6. Accredited Banks
Landbank, Planters Development Bank (China Bank) and Asia United Bank
7. Schedule of Payments
Reservation Fee – valid for 30 days
Equity/DP – 30 days after official reservation
Monthly Amortization – after loan take-out by Bank or Pagibig
Deferred Cash – 30 days after reservation.
8. Discounts for Pagibig, Bank, Inhouse & Cash Deferred
Minimum DP: 20% DP
Discount Rate:
5% discount – If Buyer pays within 15 days after Reservation date
3% discount – If Buyer pays within 30 days after Reservation date
9. Other Fees to Pay Separately
Finance Charges – for loan processing and documentation expenses. To be paid before end of DP term
Pagibig – 4% of Total Contract Price
Bank – 3.25%% of Total Contract Price
Inhouse (Regular & Promo) – Finance charges are included in Total Contract Price
Cash Deferred – Finance charges are included in Total Contract Price
Spot Cash – Finance charges are included in Total Contract Price
Real Property Tax – to be paid during loan take-out
Estimated Amount: Php 1,000.00 good for 2 years
Same amount for Pagibig, Bank, Inhouse, Cash Deferred or Cash Payment.
Move-in Fees – to be paid 45 days before move-in
Estimated Move-in Fee: Php 7,500.00 (pay only once)
Buyer must pay before 30 – 45 days before move-in date
Move-in Fees are for payment of Meralco & Water connection
Construction Bond Amount– to be paid 30 days before start of construction. This is refundable If there is no damage after construction. The premium of the bond will be deducted.
Amount: Php 4,000.00 – Installation of tiles and wall partition for Inner unit.
Amount: Php 5,000.00 – fence and other outside contruction
10. Required Documents During Reservation – No Documents, No Reservation
Locally Employed - 2 Valid ID and Latest one (1) month payslip
OFW - 2 Valid ID & Job Contract or Latest one (1) month payslip
Self-Employed – 2 Valid IDs and Latest financial Statement
11. When can Buyer move-in?
Pagibig Financing – Buyers are allowed to move-in only after full equity & loan released.
Inhouse Financing – Buyers are allowed to move-in after full DP & upon payment of doc. fee and issuance of post dated checks for the whole balance.
12. Restrictions on House Improvement – Buyer must submit sketches of house improvement to Developer’s office for approval. No deletion on any part of the house is allowed.
13. Prices of house and lot are not always the same.
Price of end unit, corner lot, main road and near amenities units are higher than inner lot.
House and Lot price will NOT be the same, as it varies and depends on lot orientation.
Prices are subject to change without prior notice.
Always verify all amounts in the computation with us if they are still available or not.
