10 years to pay 36,083.66
PEOPLE WITH AN EYE FOR PROPERTY AND AN APPRECIATION OF FUTURE VALUE SHOULD VIEW THESE HOUSES FOR SALE!
PAYMENT OPTON 1 - ALCOVE PHASE 1
SAMPLE COMPUTATION - DEFERRED CASH
(Pay in 24 months with NO interest)
Lot Area...........80 sqm.
Floor Area.......110 sqm.
Selling Price..................Php2,460,000.00
Add: Processing Fees.............110,700.00
Total Contract Price..............2,570,700.00
Less: Reservation.......................30,000.00
Net Total Contract Price........2,540,700.00
MONTHLY PAYMENT FOR 24 MONTHS
24 monthly payment without interest.....105,862.50
NOTE:
-
Big savings on interest charges.
-
Fire & MRI insurance not included.
-
Processing Fees does not include Transfer of Title cost.
-
Price subject to change without prior notice. Always ask for updated prices.
-
Price always vary. It always depend on SIZE and LOCATION of BLOCK and LOT.
PAYMENT OPTION 1 - SUMMIT PHASE 2
SAMPLE COMPUTATION - BANK FINANCING
( INNER HOUSE - Ready for Occupancy in 7 months
Lot Area.........80 sqm.
Floor Area.....110 sqm.
( LOCATION: Summit @ Phase 2 - Facing East/Morning Sun )
Selling Price..............................Php2,136,000.00
20% Required downpayment.............427,200.00
Less: Reservation................................30,000.00
Net downpayment.............................397,200.00
(Payable in 18 months without interest)
Monthly DP in 18 mos.................22,066.67
80% Balance............................1,708,800.00
Add: Processing fee....................170,880.00
Total Balance Loanable.............1,879,680.00
Bank Financing Monthly Amortization
5 years to pay............................39,019.04
10 years to pay...........................23,810.99.
15 years to pay..........................12,049.67
PAYMENT OPTION 2 - ALCOVE PHASE 1
SAMPLE COMPUTATION - BANK FINANCING
( INNER HOUSE - Ready for Occupancy in 7 months
Lot Area........80 sqm.
Floor Area.....110 sqm.
LOCATION: Alcove @ Phase 1 - NOT Facing East/Morning Sun
( 100 Meters From Main Entrance )
Selling Price......................Php2,460,000.00
20% Required downpaymen......492,000.00
Less: Reservation.........................30,000.00
Net downpayment.......................462,000.00
(Payable in 18 months without interest)
Monthly DP in 15 mos...........30,800.00
80% Balance.................................1,968,000.00
Add: Processing fee......................196,800.00
Total Balance Loanable....2,164,800.00
Bank Financing Monthly Amortization
5 yrs.....@ 10.5%................46,529.99
10 yrs...@ 10.5....................29,210.72
15 yrs...@ 10.5%................23,929.67
NOTE:
- Fire and MRI insurance not included.
- Processing Fees includes Transfer of Title.
- Interest rate is reference only. Prevailing interest rate will apply upon loan takeout.
- Bank terms for OFW is 15 yrs while locally employed has up to 25 yrs.
- Bank maximum terms will depend on salary & age (loan maturity is 55 yrs.).
PAYMENT OPTON 3 - SUMMIT PHASE 2
SAMPLE COMPUTATION - INHOUSE/PAG-IBIG FINANCING
( INNER HOUSE - Ready for Occupancy in 7 months
Lot Area.........80 sqm.
Floor Area.....110 sqm.
( LOCATION: Summit @ Phase 2 - Facing East/Morning Sun )
Selling Price........................Php2,136,000.00
20% Required downpayment.....427,200.00
Add: Processing fee......................96,120.00
Total Downpayment……...............523,320.00
Less: Reservation...........................30,000.00
Net downpayment........................493,320.00
(Payable in 18 mos without interest)
Monthly DP in 18 mos................27,406.67
80% Balance...........................1,708,800.00
Pag-ibig Monthly Amortization
5 yrs @ 10.5%............…36,728.00
10 yrs @ 10.5%.............23,051.00
15 yrs.@ 10.5%..............18,889.00
20 yrs. @ 10.5%............17,060.00
25 yrs. @ 10.5%............16,134.18
30 yrs. @ 10.5%.............15,631.07
PAYMENT OPTON 4 - ALCOVE PHASE 1
SAMPLE COMPUTATION - INHOUSE/PAG-IBIG FINANCING
( INNER HOUSE - Ready for Occupancy in 15 Months )
Lot Area.........80 sqm.
Floor Area.....110 sqm.
LOCATION: Alcove @ Phase 1 - NOT Facing East/Morning Sun
( 100 Meters From Main Entrance )
Selling Price.....................Php2,460,000.00
20% Required downpayment.....492,000.00
Add: Processing fee..................110,700.00
Total Downpayment…….............602,700.00
Less: Reservation........................30,000.00
Net downpayment.....................572,700.00
(Payable in 12 mos without interest)
Monthly DP in 12 mos..............47,725.00
80% Balance...............................1,968,000.00
Pag-ibig Monthly .......Amortization
5 yrs @ 10.5%...........…42,299.99
10 yrs @ 10.5%............26,555.20
15 yrs.@ 10.5%.............21,754.25
20 yrs. @ 10.5%...........19,648.11
25 yrs. @ 10.5%...........18,751.44
30 yrs. @ 10.5%...........18,166.72
NOTE:
- Fire & MRI insurance not included. Estimated at .0005% of loanable amount.
- Transfer of Title cost not included.
- Processing fees includes One year Advance Real Property Tax & Insurances.
- Also includes Advance Homeowners Dues and Documentation/Notarial Fees.
- Pag-ibig processing will be done by the Buyer. Inhouse processing by Developer.
Amenities and Facilities
Clubhouse / Swimming Pool
Multi-Purpose Court / Park
Children’s Playground / Jogging Path
Elevated Water Tank / 24-Hour Security
Actual Turn-Over Unit
Actual turnover of Madison House Model @ The Ridgecrest
has only cement floor finish.
Tile installation will be Buyer's account.
ACTUAL DRESSED-UP MADISON HOUSE MODEL
INTERIOR FINISH
Ground Floor
Living Room / Dining Area
Kitchen / Carport
Service Area / Laundry Area
Floor Plan
Second Floor
Balcony / 3 Bedrooms
1 Toilet & Bath
Floor Plan
Third Floor
1 Bedroom / 1 Toilet & bath
Provision for Bedroom 5
Multipurpose Area/Family Room
Floor Plan
FREQUENTLY ASKED QUESTIONS
1. Reservation - is Php30,000.00 for Summit/Alcove @ Ridgecrest. A House & lot package. It's not refundable but is part of the downpayment. Buyer can transfer to another unit or project or another person provided under same agent/developer. All payments made will be duly credited in the new choosen unit/person. No penalty or walang mawawala sa paymentprovided updated ang account at nasa downpayment period pa. Just pay Php3,000.00 as transfer fee. Request approval may takes 1-2 weeks. Buyers will be advised.
2. Monthly Downpayment - your first downpayment will start 30-45 days after you paid your reservation. Hindi po sabay ang pagbabayad ng reservation at first downpayment.
3. Monthly Amortization -First monthly amortization start after you have fully paid the downpayment. Hindi po magsasabay ang monthly downpayment at monthly amortization.
HOUSE BUYING SALES PROCEDURE FOR 12 MONTH DOWNPAYMENT:
Month 1 - DAY 1..........Reservation
Day 7-15.....Submission of Requirements
Month 2.....1st Monthly Equity or Downpayment
Month 3......2nd Monthly Equity or Downpayment
Month 4.....3rd - 12th Monthly Equity or Downpayment
Month 14-17....1st Monthly Amortization and House Turnover
4. Kailan Puede Lumipat - For BANK Financing - 3 mos. after full payment of downpayment and Bank loan take-out (bank has paid the developer). IN-HOUSE Financing- 3 mos. after full payment of downpayment puede na lumipat. No need for loan take-out. If the 80% balance is thru individual Pag-ibig Financing, after full payment of downpayment/equity and Pagibig take-out. For SPOT CASH BUYERS/FULL PAYMENT of downpayment (OF NOT RFO UNITS), house completion/turnover will still abide by Developer's house completion schedule as shown in the Inventory Sheet.
5.) REQUIRED DOCUMENTS - IN-HOUSE FINANCING
1.)Valid ID & TIN No.
2.) 3 pcs. ID picture 1x1 (husband & wife & Atty. in Fact)
3.) Residence Certificate (husband & wife Atty in Fact)
4.) Birth Certificate (for Single) or Marrriage Contract (for Married)
5.) Certificate of Employment
6.)Postdated checks: Developer will give a Bank Referral Letter so Buyer
can open a checking account. Only Php5,000.00 to open an account.:
A.) 12 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
IF OFW, ADD THESE DOCUMENTS:
7.) Passport
8.) Special Power of Attorney
6.) REQUIRED DOCUMENTS - BANK FINANCING
1.) 3 pcs. ID picture 1x1 (applicant)
2.) 2 Valid ID's (if married: husband & wife & Attorney-in-Fact)
3.) Cedula
4.) Birth Certificate (if single) or Marriage Contract ( if Married)
5.) Proof of Billing Address or Certification from Owner if Renting
6.) Payslip (6 months)
7.) Photocopy of Bank Book (last 6 months)
8.) TIN
9.) Certificate of Employment with Compensation - Consularized
10.) Latest Income Tax Return or ITR (OFW are exempted)
11.) Postdated Checks: Developer will give Bank Referral Letter so Buyer can open a checking account. Only Php5,000.00 to open an account
A.) 12 pcs. Downpayment or According to DP terms
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
IF OFW, ADD THESE DOCUMENTS:
12.) Passport
13.) Special Power of Attorney duly Consularized in place of Work
14.) Job Contract
7.) House Improvement -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. Buyers will be informed. Buyer must get outside contractor to do the improvement of their unit.
8.) House Construction - Starts 4 Mos. before Buyer's downpayment period end. By the time Buyer has fully paid the downpayment and loan take out, house shall be almost finished ready for inspection and turn-over within 3 mos.
9.) Additional Lot - Buyer can buy a house and lot and lot only for more space.
10.) Ready for Occupancy Units - there are now ready for occupancy houses (RFO). Whenever there are ready houses, full payment of downpayment is required before Buyer can transfer. Please take note that turn-over house has only cement finish flooring in all floors. Buyer will shoulder the cost of tiles intallation.
CONTACT FOR FREE HOUSE VIEWING:
Boy / Lina Asuque
Smart Cell: 0918-716-1480
A MEMBER OF ELEGANTDREAMHOUSES GROUP
VIEW TO SEE OTHER AFFORDABLE HOUSES:
Website: http://www.propertymodel.sulit.com.ph
E-mail Address: propertymodel@yahoo.com
*Prices are Subject to Change without Prior Notice.
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