P16k /month Margaret Single Detached House @ Lancaster in Imus Cavite Real Estate Philippines

1. Monthly Payment / Amortization can be in 5 years, 10 years, 15  years or any number of years below or equal to 20 years
2. MRI & Fire insurance are included in the amortization schedule that will be specific to your chosen unit
3. Reservation fee is non-refundable but transferrable to other units or owners provided same agent and same developer
4. No income requirement. Just present your proof of income as requirement

1. 3 pcs ID picture
2. Photocopy of any 2 govt. issued ID's (SSS / GSIS, PASSPORT, POSTAL ID)
3. Sedula (Community Tax Certificate)
4. Marriage Contract (if applicable)
5. Latest Proof of Billing
6. Post Dated Checks (Profriends can refer you to a bank)
7. Proof of Income
8. Special Power of Attorney (if abroad)

Kengsington Place Phase 1-10.  Location: Gen. Trias.  Offers Alice Townhouses with 3BR / 1T&B. Price: Php896,400.00 - up.  DP:  Php 6,970.00/mo.  While Diana Townhouses has 3BR / 2T&B.  Price: Php1,117,000.00 - up.  DP:  Php 8,648.33/mo.

Lancaster Imus Cavite Colleen

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.

When will Monthly Downpayment start?

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.

When will Monthly Amortization start?

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.

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. 

When Can I Move-in?

For BANK 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. 

Important reminders:
Profriends will not allow you to move-in or transfer unless ALL REQUIRED DOCUMENTS and POSTDATED CHECKS are fully submitted.

When will the house construction start?
Estimated to starts on your 10th month of downpayment.