7:38 PM
Jejel
| House Model | Village or Subdivision | Location | Reservation Fee |
| 1. Cypress | Cedar Residences | Carmona Estates, Carmona, Cavite | 7,500.00 |
| 2. Pines | Pinecrest Village | Carmona Estates, Carmona, Cavite | 10,000.00 |
| 3. Oaks | Oaks Village Phase 9 | Carmona Estates, Carmona, Cavite | 20,000.00 |
| 4. Arden | Lancaster Place | Lancaster Estates, Gen. Trias, Cavite | 20,000.00 |
| 5. Colleen | Lancaster Villages | Lancaster Estates, Imus, Cavite | 20,000.00 |
| 6. Haven | Lancaster Villages | Lancaster Estates, Imus, Cavite | 20,000.00 |
| 7. Charlotte | Bellefort Estates | Molino 4, Bacoor, Cavite | 20,000.00 |
| 8. Sabine | Bellefort Estates | Molino 4, Bacoor, Cavite | 25,000.00 |
| 9. Vivienne | Bellefort Estates | Molino 4, Bacoor, Cavite | 30,000.00 |
| 10. Madison | Ridgecrest Village | Molino 4, Bacoor, Cavite | 30,000.00 |
Reservation Fee
Reservation fee is part of your downpayment. So it will be deducted from your DP. It is not refundable. But you can transfer it to another unit location or owner. Provided, under same agent and developer. Only Personal Checks, Manager Checks and Cash are accepted as payment.
Monthly Downpayment
Your first downpayment will start 30-45 days after you paid your reservation. No overlapping of payments since hindi magsasabay ang pagbabayad ng reservation at first downpayment at amortization. Downpayments can be transferred to another person or unit provided under same agent, developer and same price or price is higher than old unit. Payments made will be duly credited in the new owner or choosen unit. If partial commission to Agent has ben released and there are past due penalties and interest incurred, these will be deducted to payments made (net of reservation). Transfer fee for this transaction is Php3,000.00 to be paid upon approval of request. Approval may takes 2 weeks.
Monthly Amortization
The first monthly amortization will immediately start after you have fully paid the downpayment. Again, NO overlapping of payments since hindi magsasabay ang monthly downpayment at monthly amortization.
Your first downpayment will start 30-45 days after you paid your reservation. No overlapping of payments since hindi magsasabay ang pagbabayad ng reservation at first downpayment at amortization. Downpayments can be transferred to another person or unit provided under same agent, developer and same price or price is higher than old unit. Payments made will be duly credited in the new owner or choosen unit. If partial commission to Agent has ben released and there are past due penalties and interest incurred, these will be deducted to payments made (net of reservation). Transfer fee for this transaction is Php3,000.00 to be paid upon approval of request. Approval may takes 2 weeks.
Monthly Amortization
The first monthly amortization will immediately start after you have fully paid the downpayment. Again, NO overlapping of payments since hindi magsasabay ang monthly downpayment at monthly amortization.
What are Processing Fees for?
Processing fees are payment for the following:
1. Premiums for the first years coverage-mortgage redemption insurance (MRI) & fire insurance.
2. Real property taxes for one year
3. Blue print of the houseplans (one set)
4. Home Owners Association (HOA) dues for provision for preventive maintinace.
5. Administrative and documentary expences.
Processing fees are payment for the following:
1. Premiums for the first years coverage-mortgage redemption insurance (MRI) & fire insurance.
2. Real property taxes for one year
3. Blue print of the houseplans (one set)
4. Home Owners Association (HOA) dues for provision for preventive maintinace.
5. Administrative and documentary expences.
Are there hidden charges?
There are NO HIDDEN charges. Profriends does not charge MOVE-IN fees. You will apply for water and Meralco connection after house is turned-over and accepted.
There are NO HIDDEN charges. Profriends does not charge MOVE-IN fees. You will apply for water and Meralco connection after house is turned-over and accepted.
Water
Estimated cost for water connection is Php3,800.00 (deposit & meter). Timetable is 1-2 weeks from application date. Cost may vary depending on choosen project.
MERALCO
Estimated cost for electrical connection is Php2,700.00 (deposit & meter). Timetable is 3-4 weeks from application date. Cost may vary depending on choosen project.
Construction Bond
Is required BY PROFRIENDS only if Buyer construct improvement (tiles/fence/balcony) after house is accepted. Estimated amount is Php 5,500 - 10,500.00 depending on housing project choosen. This Bond will pay for any damages (should there be any) during construction of improvement period. Bond will be refunded if there is no damage done during construction.
Pre-Termination Fee
Profriends charge pretermination fee of 14% if you decides to loan the Balance or Loanable Amount of Inhouse Financing to Pagibig (Individual Application). You or thru your SPA, will apply the loan with PAGIBIG Office. Profriends will not handle the loan processing. While loan is on process, you will be paying amortization base on INHOUSE computation.
Estimated cost for water connection is Php3,800.00 (deposit & meter). Timetable is 1-2 weeks from application date. Cost may vary depending on choosen project.
MERALCO
Estimated cost for electrical connection is Php2,700.00 (deposit & meter). Timetable is 3-4 weeks from application date. Cost may vary depending on choosen project.
Construction Bond
Is required BY PROFRIENDS only if Buyer construct improvement (tiles/fence/balcony) after house is accepted. Estimated amount is Php 5,500 - 10,500.00 depending on housing project choosen. This Bond will pay for any damages (should there be any) during construction of improvement period. Bond will be refunded if there is no damage done during construction.
Pre-Termination Fee
Profriends charge pretermination fee of 14% if you decides to loan the Balance or Loanable Amount of Inhouse Financing to Pagibig (Individual Application). You or thru your SPA, will apply the loan with PAGIBIG Office. Profriends will not handle the loan processing. While loan is on process, you will be paying amortization base on INHOUSE computation.
When Can I Move-in?
For BANK-IBIG Financing
1.) On your 16th month of downpayment period and 2.) Bank has take-out your loan (bank has paid the developer). This 2 requirements must be present before you will be allowed to move-in. In case your loan is still pending due to unsubmitted requirements needed for loan processing, moving-in on the 16th month will not be allowed.
For BANK-IBIG Financing
1.) On your 16th month of downpayment period and 2.) Bank has take-out your loan (bank has paid the developer). This 2 requirements must be present before you will be allowed to move-in. In case your loan is still pending due to unsubmitted requirements needed for loan processing, moving-in on the 16th month will not be allowed.
For IN HOUSE Financing
Three (3) mos. after full payment of downpayment and submission of full requirements (docs & postdated checks). No need for loan take-out. If the 80% balance is thru individual Pag-ibig Financing, Move-in only after full payment of downpayment or equity, payment of pretermination fee and Title cost transfer and full submission of requirements.
For Spot Cash Buyers or Spot Full Downpayment
For non-RFO units, House completion and turnover will still follow by Developer's house completion schedule as shown in the Inventory Sheet. For Ready for Occupancy Units (RFO) with Notice of Completion, Buyers can move-in immediately.
Three (3) mos. after full payment of downpayment and submission of full requirements (docs & postdated checks). No need for loan take-out. If the 80% balance is thru individual Pag-ibig Financing, Move-in only after full payment of downpayment or equity, payment of pretermination fee and Title cost transfer and full submission of requirements.
For Spot Cash Buyers or Spot Full Downpayment
For non-RFO units, House completion and turnover will still follow by Developer's house completion schedule as shown in the Inventory Sheet. For Ready for Occupancy Units (RFO) with Notice of Completion, Buyers can move-in immediately.
Important reminders:
Profriends will not allow you to move-in or transfer unless ALL REQUIRED DOCUMENTS and POSTDATED CHECKS are fully submitted.
Profriends will not allow you to move-in or transfer unless ALL REQUIRED DOCUMENTS and POSTDATED CHECKS are fully submitted.
House construction
Estimated to starts on your 10th month of downpayment.
House improvement for In-house Financing
Developer only accepts deletion 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 takes 2 weeks. You will be informed. Buyer must get outside contractor to do the improvement of their unit. You can only start installation of tiles/improvement after house is turned-over.
Estimated to starts on your 10th month of downpayment.
House improvement for In-house Financing
Developer only accepts deletion 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 takes 2 weeks. You will be informed. Buyer must get outside contractor to do the improvement of their unit. You can only start installation of tiles/improvement after house is turned-over.
House improvement for Bank & Pagibig Financing
Developer do not accepts deletion of tiles in Bathroom & Kitchen countertop. You can only start installation of tiles/improvement after house is turned-over. Buyer must get outside contractor to do the improvement of their unit
Developer do not accepts deletion of tiles in Bathroom & Kitchen countertop. You can only start installation of tiles/improvement after house is turned-over. Buyer must get outside contractor to do the improvement of their unit
Requirements for Inhouse Financing
1.) Valid ID / TIN No. / Cedula (husband/wife/Atty-in-
2.) 3 pcs. ID picture 1x1 (husband/wife/Atty-in-Fact)
3.) Birth Certificate or Marrriage Contract
4.) Certificate of Employment
5.) Postdated checks:
Developer will give a Bank Referral Letter so Buyer can open a checking account. Only Php5,000.00 to open an account plus Php375.00 for payment of Checkbooklet.:
A.) 30 pcs. as per Dp/Equity term choosen
B.) 36 pcs. for Monthly Amortization
C.) 1 pc. Guarantee Check
D.) 4 pcs. Real Property Tax for 5 yrs. or 9 pcs. for 10 yrs.
E.) TOTAL CHECKS .....53 CHECKS
1.) Valid ID / TIN No. / Cedula (husband/wife/Atty-in-
2.) 3 pcs. ID picture 1x1 (husband/wife/Atty-in-Fact)
3.) Birth Certificate or Marrriage Contract
4.) Certificate of Employment
5.) Postdated checks:
Developer will give a Bank Referral Letter so Buyer can open a checking account. Only Php5,000.00 to open an account plus Php375.00 for payment of Checkbooklet.:
A.) 30 pcs. as per Dp/Equity term choosen
B.) 36 pcs. for Monthly Amortization
C.) 1 pc. Guarantee Check
D.) 4 pcs. Real Property Tax for 5 yrs. or 9 pcs. for 10 yrs.
E.) TOTAL CHECKS .....53 CHECKS
Requirements for Bank Financing (New)
Accredited Banks - Metrobank and UCPB only
1.) 3 pcs. ID picture 1x1 (husband/wife/Atty-in-Fact)
2.) 2 Valid ID's / TIN No. / Cedula (husband/wife/Atty-in-Fact)
3.) Birth Certificate or Marriage Contract
4.) Proof of Billing Address (Or Certification from Owner if Renting)
5.) Postdated Checks:
Developer will give Bank Referral Letter so Buyer can open a checking account.
Only Php5,000.00 to open and maintain an account with Planters Developement
Bank,Imus plus Php375.00 for payment of Checkbooklet.
2.) 2 Valid ID's / TIN No. / Cedula (husband/wife/Atty-in-Fact)
3.) Birth Certificate or Marriage Contract
4.) Proof of Billing Address (Or Certification from Owner if Renting)
5.) Postdated Checks:
Developer will give Bank Referral Letter so Buyer can open a checking account.
Only Php5,000.00 to open and maintain an account with Planters Developement
Bank,Imus plus Php375.00 for payment of Checkbooklet.
6.) Income Tax Return or ITR (OFW are exempted). This is just a Central Bank requirement. Your ITR will not be the basis of loan approval.
Required Checks to Issue
24 pcs. Downpayment or According to DP terms
1 pc. Guarantee Check
25 Total Required Checks
If OFW, pls add these:
7.) Passport
8.) Special Power of Attorney (Consularized)
Required Checks to Issue
24 pcs. Downpayment or According to DP terms
1 pc. Guarantee Check
25 Total Required Checks
If OFW, pls add these:
7.) Passport
8.) Special Power of Attorney (Consularized)
Requirements for Pagibig Financing
For loan below Php750,000.00) - Locally Employed / OFW
1.) 3 pcs 1x1 picture (husband/wife/Atty-in-Fact)2.) 2 Valid ID / TIN No. / Cedula (husband/wife/Atty-in-Fact)
3.) Marriage Certificate (if married)
4.) Proof of Billing Address (Or Certification from owner if renting)
5.) MSVS (Membership Status Verification Slip)
6.) Certificate of Employment with Compensation (COE)
7.) Postdated Checks: Developer will give Bank Referral Letter so Buyer can open a checking account.
Only Php5,000.00 to open and maintain an account with Planters Developement Bank, Imus Branch plus Php375.00 for payment of Checkbooklet.
Required Checks to Issue:
15 pcs. Downpayment or according to DP terms
44 pcs. Monthly Amortization
2 pcs. Real Property Tax
51 pcs. Total required checks
If OFW, pls add these:
7.) Passport
8.) Special Power of Attorney (Consularized)
8.) Special Power of Attorney (Consularized)
Requirements for Pagibig Financing
For loan above Php750,000.00 - Locally Employed / OFW
1.) 3 pcs 1x1 picture (husband & wife)
1.) 3 pcs 1x1 picture (husband/wife/Atty-in-Fact)
2.) 2 Valid ID / TIN No. / Cedula (husband/wife/Atty-in-Fact)
3.) Marriage Certificate (if married)
4.) Proof of Billing Address (Or Certification from owner if renting)
5.) MSVS (Membership Status Verification Slip)
6.) Certificate of Employment with Compensation (COE)
7.) Postdated Checks: Developer will give Bank Referral Letter so Buyer can open a checking account.
Only Php5,000.00 to open and maintain an account with Planters Developement Bank, Imus Branch plus Php375.00 for payment of Checkbooklet.
Required Checks to Issue:
15 pcs. Downpayment or according to DP terms
44 pcs. Monthly Amortization
2 pcs. Real Property Tax
51 pcs. Total required checks
1.) 3 pcs 1x1 picture (husband/wife/Atty-in-Fact)
2.) 2 Valid ID / TIN No. / Cedula (husband/wife/Atty-in-Fact)
3.) Marriage Certificate (if married)
4.) Proof of Billing Address (Or Certification from owner if renting)
5.) MSVS (Membership Status Verification Slip)
6.) Certificate of Employment with Compensation (COE)
7.) Postdated Checks: Developer will give Bank Referral Letter so Buyer can open a checking account.
Only Php5,000.00 to open and maintain an account with Planters Developement Bank, Imus Branch plus Php375.00 for payment of Checkbooklet.
Required Checks to Issue:
15 pcs. Downpayment or according to DP terms
44 pcs. Monthly Amortization
2 pcs. Real Property Tax
51 pcs. Total required checks
8. Income Tax Return or ITR (OFW are exempted)
If OFW, pls add these:
9.) Passport
10.) Special Power of Attorney (Consularized)
10.) Special Power of Attorney (Consularized)
Terms and Terminology:
SPA - means "Special Power of Attorney". An authority given to representative of OFW buyers to transact in his/her behalf.
Atty-in-Fact - means "Attorney in Fact". Another name for SPA
Cedula - is not required for OFW buyer. If married, only spouse in Philippines submit cedula. If single, only the SPA need to submit.
Who are allowed as SPA or Atty-in-Fact for Pagibig? - Wife, Mother, Father, Brother, Sister or Friends.
Who are allowed as SPA or Atty-in-Fact for Metrobank? - Wife, Mother, Father, Brother, Sister or Fiancee.
Who are allowed as SPA or Atty-in-Fact for UCPB? - Wife, Mother, Father, Brother, Sister only.
MSVS - is given by Pagibig office after Buyer or SPA attends the 2 hour Pagibig counselling in our office every Saturday only. Pagibig
may request ESAV if MSVS has findings regarding membership contribution.
Tax Identification No. (TIN) - OFW are exempted in tax. But TIN is a requirement in transfering lot Title to Buyer's name. So SPA / Atty-in-Fact will apply a TIN in behalf of the OFW buyer. Applying is fast and easy.
Certificate of Employment and Compensation - Gross salary and allowances must be indicated in the certificate. Must be Consularized by our embassy.
Special Power of Attoreny Form if signed abroad must be consularized by our embassy. Only 3 pages is required to be consularized.
Postdated Checks - is strictly required to be submitted within 30-60 days. Not submitting the checks will cause delay in loan processing and house construction.
