FREQUENTLY ASKED QUESTION Reservation is Php 20,000.00 for Single house model and 10,000 on townhouses Lancaster New City, Philippines. It is not refundable and not transferable in case you decide to cancel the unit. But it is part of the downpayment. Only Cash, Personal check, Company Check, Cashier’s check or Manager’s check are accepted as reservation fee. Credit cards are also accepted. WHY YOU SEE DIFFERENT PRICE? Prices of units located at the end part of the village is cheaper than those located nearer the entrance. Units facing east are also a little higher than units facing west, north or south. Corner and end lots are also higher because it has bigger lot area. Another reason is perhaps the advertisement you are seeing now is an old post or price and Agent has not edited it yet. Processing fees also affect house prices. Inhouse processing fees is only 4.5% base on Selling price because Title transfer is NOT included while processing fees for Bank is 8% of Selling price because Title transfer is already included in he package Monthly Downpayment First downpayment starts 30-45 days after reservation is paid. Hindi po sabay ang pagbabayad ng reservation at first downpayment. Downpayments are not refundable if Buyer cancels the account, but is transferable to another person or unit provided under same agent and developer. All downpayments made will be duly credited (penalties and interest incurred will be deducted) in the new owner/choosen unit. No penalty or deductions on payment if account is updated at nasa downpayment period pa. Just pay transfer fee of Php 3,000.00 upon approval which may takes 2-3 weeks. Monthly amortization For Bank-Ibig Financing, amortization will start on 16th month For Inhouse Financing, amortization will start on the 25th month. Hindi po magsasabay ang monthly downpayment at monthly amortization. You can still transfer payments to another unit or person provided your account is updated and you’re in INHOUSE financing scheme. If account is not updated, penalties, interest & commision released to agent will be deducted. There’s a transfer fee of Php3,000.00 upon approval which may take 2-3 weeks. Other Hidden Charges? There is NO HIDDEN charges. Water and Meralco connection will be applied personally or thru representative after house is turned-over and accepted. A.Water Estimated cost for water connection is Php3,000.00 (deposit & meter). Timetable is 1-2 weeks from application date. Cost may vary depending on choosen project. B.Meralco Estimated cost for electrical connection is Php3,000.00 (deposit & meter). Timetable is 3-4 weeks from application date. Cost may vary depending on choosen project. C.Construction Bond Is required by PROFRIENDS only if you construct improvement or renovate (tiles/fence/balcony). Estimated amount is Php 5,000 – 25,000.00 depending on housing project choosen. The Bond will pay for any damages (should there be any) during construction/improvement period. Bond will be refunded if there is no damage done during construction. D.Pre-Termination Fee Profriends charge pretermination fee of only 40% of the required 14% if you decides to loan the balance or loanable amount of Inhouse financing to Pagibig or Bank of your choice. You will apply personally or thru SPA the loan with PAGIBIG Office in Makati with our assistance. Profriends will not handle processing of your loan. During this process, you will be paying downpayment and amortization base on INHOUSE computation. House Construction Starts on the last 3 months of downpayment period. by full downpayment, house is more than half finish and ready for turn-over in 9 months. When can Buyer Move-in to the house? A. For Bank Financing: Estimate on the 24th month loan has been approved by the Bank. Must submit all required B. For Inhouse Financing: Estimated on the 27th month of the month.. Full submission of requirements (documents & postdated checks). C. For Spot Cash payment of downpayment (Of RFO Units): After full payment of downpayment estimated time 3-6 months. House Improvement Developer accepts deletion only (for Inhouse financing only) of tiles in bathroom & kitchen countertop. Deletion charge is Php1,000.00. Letter of request must be sent before house construction starts. Approval of request may takes 2-3 weeks. You are allowed get outside contractor to do the improvement of your unit after house is turned-over.. NO deletion is allowed for Bank Financing. All expenses for dressing-up and furnishing the unit will be paid for by Buyers. Improvement can only be done after house is delivered IMPORTANT REMINDER Profriends will not allow you to inspect the house, move-in or transfer unless All Required Documents and Post Dated Checks are fully submitted
Posted on: Wed, 11 Jun 2014 05:30:25 +0000
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