Affordable House & Lot at Cavite - Kawit

Friday, 14 October 2011

Item details

City: Kawit, Cavite
Offer type: Sell
Bedrooms:2
Bathrooms:1
Full Square, m²:50
Floors in House:60

Contacts

Contact name Charlotte
Phone 09331629992

Item description

TOTAL SELLING PRICE =1,035,000.00
TOTAL CONTRACT PRICE (W/PROCESSING FEE) =1,117,800.00 (TCP)
DOWNPAYMENT/EQUITY 12.5% = 139,725.00
LESS: RESERVATION FEE = 10,000.00
NET EQUITY = 129,725.00
PAYABLE IN 15 MONTHS = 8,648.33

BANK FINANCING: 5 YEARS = 21,278.62
10 YEARS= 13,422.75
15 YEARS= 11,007.86
20 YEARS = 9,936.04

IN-HOUSE FINANCING: TCP = 1,081,575.00
DOWNPAYMENT/EQUITY 30% = 324,472.50
LESS: RESERVATION FEE = 10,000.00
NET EQUITY = 314,472.50
PAYABLE IN 24 MONTHS = 13,103.02
5 YEARS- FIXED = 19,639.98
10 YEARS-FIXED= 15,551.42

DISCOUNT GUIDELINES:
CASH PAYMENT OF TOTAL PACKAGE PRICE (TPP)
1-7 DAYS= 10 %
8-30 DAYS – 9.5%
31-60 DAYS- 9.0%
61-90 DAYS- 8.5%
FULL PAYMENT OF TOTAL EQUITY
IN-HOUSE/ BANK FINANCING-
1-30 DAYS- 7.5%
31-60 DAYS- 7.0%
61-90 DAYS- 6.5%
91-120 DAYS- 6.0%
121-150 DAYS- 5.5%
151-180 DAYS- 5.0%
DEFFERED CASH (24 MOS, ZERO INTEREST)
Requirements:
Bank Financing Guidelines & Requirements (BDO)
General Requirements:
Duly Filled –up Bank Form
3 pcs. I.D pictures (husband/wife/SPA)
Birth Certificate/ Marriage Contract when applicable
Photocopy of 2 Valid ID’s (Husband/Wife/SPA)
Tax Account No. (TIN)
Proof of Address such as Billing Statements
Note: Bank Forms for borrower signature will be given during reservation.
OFWs who are unable to personally sign bank loan documents must submit Consular zed
Special Power of Attorney (SPA) designating their representative (must be a relative up to the
2nd degree of consanguinity or affinity)

Eligibility Requirements:
At least 21 years old but not more than 65 years old upon loan maturity.
Must have no adverse credit findings with CMAP & NFIS
No default in monthly DP payments for 3 consecutive months and/ or must not have incurred
Delays in payments of 5 months or more than within the 12 month DP Term.
Locally employed applicant must submit latest ITR/W2.

Requirement if Locally Employed
Latest Income Tax Return (ITR)

Note:
The income stated in the Income Tax Return will not be the basis of loan approval. This is just to
Comply a Central Bank requirement.

Credit Evaluation Process:
Subject only to CMAP/NFIS (Negative File Info System) and
Personal Data/Residence and Neighborhood checking (PDRN)
Verification of Income is waived
Note:
Client must not have legal cases, bad credit card record that result in a legal case or previous bank loan that were not paid.

Downpayment Term
12 months
6 months

Move-in
13th month from date of reservation
7th month from date of reservation for RFO Units
Mode of Payment
The 10% DP shall be paid in 12 (or 6 for RFO Units) equal monthly installments through
Post-dated checks (PDCs) payable to Property Company of Friends, Inc (PCFI)
Monthly loan amortization shall be paid via an Automatic Debit Arrangement (ADA)
With BDO. Upon release for the letter of Guaranty (LOG) from BDO, the buyer shall be
Advised to open a savings account with any BDO Branch for this purpose.

Loan Value
90% of Total Contract Price
88% of Total Contract Price for Alice & Diana House model

Interest Fixing
10% P.A Fixed for 3 years: Annual re-pricing thereafter

In-House Financing Guidelines & Requirements (BDO)

General Requirements:
3 pcs. I.D pictures (husband/wife/SPA)
Birth Certificate/ Marriage Contract when applicable
Photocopy of 2 Valid ID’s (Husband/Wife/SPA)
Tax Account No. (TIN)
Proof of Address such as Billing Statements

Note: Bank Forms for borrower signature will be given during reservation.
OFWs who are unable to personally sign bank loan documents must submit Consular zed
Special Power of Attorney (SPA) designating their representative (must be a relative up to the
2nd degree of consanguinity or affinity)

Eligibility Requirements:
At least 21 years old but not more than 65 years old upon loan maturity.
Down payment Term
24 Months
Move –in
16th-18th month from date of reservation

Mode of Payment
Down payment - the 30% DP shall be paid in 24 equal monthly installments through
Post-dated checks (PDCs) payable to Property Company of Friends, I nc. (PCFI)
Balance- Monthly loan amortization shall be paid through post- dated checks (PDCs)
Payable to Property Company of Friends, Inc.(PCFI)

Interest Fixing
18% P.A Fixed for 5 years
21% P.A Fixed for 10 years