Colleen House Model
Alapan, Imus Cavite
Single Attached House (Not attached to the next house)
60 sqm (645.5 sqft) Floor Area ; 80 sqm (860.67 sqft) Lot Area
Living, Dining, Kitchen, Laundry and Carport Area - Ground Floor
Master's Bedroom / Bedroom 2 / Kid's Room - 2nd Floor
Low Monthly Amortization of P12,300 thru Bank Financing - 20yrs.
A 7 meters Park at Your Own Backyard that can be use for Jogging, Barbecue, Playground, or just a place to hang-out.
Maximum Ventilation (Walang Kadikit)
Lancaster Villages feature a linear park at every backyard. It is specifically designed to make family and neighborly ties stronger and for residents to enjoy the traditional comforts of home - vast spaces, good ventilation, abundant natural light and safe playground.
With Balcony or Without Balcony Options. Plus P90,000 for the balcony.
Dimensions:
- Bedroom 1 (Kid's Room) - 5.95 sqm (64 sq.ft)
- Bedroom 2 - 7.95 sqm (85.5 sq.ft)
- Bedroom 3 (Master's Bedroom) - 8.60 sqm (92.5 sq.ft)
- Toilet 1 (Ground Floor) - 2.40 sqm (25.8 sq.ft)
- Toilet 2 (2nd Floor) - 2.30 sqm (24.7 sq.ft)
- Kitchen - 5.70 sqm (61.3 sq.ft)
- Living Room - 11.30 sqm (121.5 sq.ft)
- Dining Room - 8.60 sqm (92.5 sq.ft)
- Stair & Hallway - 8.80 sqm (94.7 sq.ft)
Computations:
Option 1: Bank Financing (Inner Lot)
| Selling Price | Php 1,400,000.00 |
| 20% Downpayment | Php 280,000.00 |
| Less: Reservation | Php 20,000.00 |
| Net Down Payment | Php 260,000.00 |
| Payable in 12mos. | Php 21,666.67 |
| Loanable Amount | Php 1,120,000.00 |
| Legal and Misc. Fees | Php 112,000.00 |
Total Loanable Amt.
| Php 1,232,000.00 |
Monthly Amortization @10.5% Lock-In Interest (Bank Financing):
| 20yrs. | Php 12,300.04 |
| 15yrs. | Php 13,618.51 |
10yrs.
| Php 16,623.99 |
| 05yrs | Php 26,480.48
|
NOTE:
• Fire and MRI insurance not included.
• Move-in on the 19th to 21st month or after paying downpayment
• Processing Fees includes Transfer of Title.
• Interest rate is reference only.
• Prevailing interest rate will apply upon loan takeout.
• Bank terms for OFW is 10 yrs while locally employed has up to 15 yrs.
• Developer will process loan. Tied up with Metrobank and UCPB.
• Bank maximum approved amount will depend on salary & age (loan maturity is 55 yrs.).
FREQUENTLY ASKED ANSWERS (BANK FINANCING)
1. Procedure:
Month 1 ; Day 1 Reservation
Day 7 to 21 Submission of Requirements (Please refer to Bank financing requirements)
Month 2 ; Day 5th or 20th Ist Monthly Equity or Downpayment
Month 3 to 13 or Month 3 to 19 2nd to 12th or 2nd to 18th Monthly Equity or Downpayment
Month 14 to 17 or Month 20 to 22 Ist Monthly Amortization and House Turn-Over
2. Reservation:
Reservation is from P10,000 to P20,000 depending on the house model. It is non-refundable but will make as part of your downpayment. It can be transferred to another unit or person provided it is from the same agent and developer. A transfer fee of P3,000.00 will be charged to the buyer. 1 to 2 weeks approval.
3. Monthly Equity or Downpayment:
First monthly equity or downpayment will start either on the 5th or the 20th hit date of the following month upon reservation.
Example: Reserved a unit on Jan. 1. First monthly equity or downpayment will start on Feb. 5. Succeeding payments deadline will be on every 5th of the month.
4. Monthly Amortization:
First monthly amortization will start a month after finishing payments of monthly equity or downpayment. It will not coincide with downpayment. (Hindi po magsasabay) Amount and duration will depend on the loan and term applied to bank. (15 years maximum for locals; 10 years for OFW)
5. House Turn-Over:
Buyer will receive a letter of Guaranty from the developer (Pro Friends) stating that the house is ready for inspection. Buyer will be given 2 months to inspect and make repair request for the house. Buyer will issue a letter of acceptance when everything is well.
6. Buyer's Guarantee:
Aside from 2 months to make repair request for the house upon completion, buyer will also be given one whole rainy season to inspect the house. If found to have a leak, developer will make repair FREE of charge.
7. House Improvement:
House improvement will only be allowed upon turn-over of the unit. Buyer will submit drawings/proposal to Engineering office of the developer for approval of alterations. This is to ensure structural integrity.
8. Ready for Occupancy Units:
Buyer is required to make full downpayment and take-out of bank loan to transfer. Estimated time to move-in is 1 to 4 months.
Option 2: CASH PAYMENT SCHEME
(INNER LOT)
(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 1,300,000.00 AND UP
| Typical Selling Price | Php 1,400,000.00 |
| Less: Reservation Fee | Php 20,000.00 |
| Selling Price Net of Reservation Fee | Php 1,380,000.00 |
| 10% Discount within 7 days from the date of reservation | Php 1,242,000.00 |
| 9.5% Discount within 8 to 30 days from the date of reservation | Php 1,248,900.00 |
| 9% Discount within 31 to 60 days from the date of reservation | Php 1,255,800.00 |
| 8.5% Discount within 61 to 90 days from the date of reservation | Php 1,262,700.00 |
Option 3: In-House Financing
| Selling Price | Php 1,400,000.00 |
| Down payment (20%) | Php 280,000.00 |
| Processing Fee (4.5%) | Php 63,000.00 |
| Total Down payment | Php 343,000.00 |
| Less: Reservation Fee | Php 20,000.00 |
| Net Downpayment | Php 323,000.00 |
Payable in 12 months
| Php 26,916.67 |
Total Remaining Balance: Payable Through In-House Financing
80% Balance
| Php 1,120,000.00 |
Amortization Including Insurance Fees
Years to Pay:
| Ten (10) years @ 21% | Php 22,392.35 |
| Five (5) years @ 18% | Php 28,440.64
|
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,
Advance Homeowners Dues and Documentation/Notarial Fees.
• In-house processing will be processed by the Developer. Buyer just need to submit requirements
In House (Initial Requirements) 
1. Latest proof of income.
2. 3pcs. recent 1 x 1 I.D. pictures
3. Marriage Contract, Birth Certificate, or Separation papers (if needed)
4. Community Tax Cert. No.
5. Complete post dated check for Equity and Amortization
6. TIN
Additional Requirements for OFW
1. Initial requirements
2. Job Contract
3. Passport
4. Special Power of Attorney (SPA)
5. Valid I.D. of Attorney in Fact
6. 1 pc. I.D. picture of Attorney in Fact
7. Residence Certificate of Attorney in Fact
Self Employed
1. Initial Requirements
2. Affidavit of Income
3. Business Name and Permit
4. Passbook with 3 months maintaining balance
5. ITR
Stop Renting! Own your Dream Home.
CONTACT FOR FREE SITE VIEWING
| Name: Johnny Chua
Website: www.cavitehomes.com
E-mail:
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Yahoo Messenger:
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Contact: (+63)917-8617588 ; (+63)923-9026965
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