Cypress (Th) Carmona

CYPRESS (TH) MODEL HOUSECEDAR RESIDENCES , Brgy Lantic, Carmona, Cavite Philippines

3-BEDROOMS; 1-TOILET AND BATH; TWO (2) STOREY

P 5,540.18 / Month Thru Pag-IBIG3-BEDROOMS with partitions; 1-TOILET & BATH; 2-STOREY

LOT AREA: 40 sq.m ; FLOOR AREA: 40 sq.mTOTAL CONTRACT PRICE: P 840,000.00

CEDAR RESIDENCESWHERE DREAMS BEGINS………

"Living in a home that symbolizes dreams do come true."

The Cedar Residences is a residential subdivision, which covers a total area of about 15 hectares and is composed of over 2,000 units. Conveniently

located in Carmona, Cavite, its development invites you to enjoy fresh air, lush green meadows and endless blue skies.

House Features

Two (2) storey Three (3) Bedroom with partition 1 Toilet and Bath Living area Dining area

[email protected]@yahoo.comwww.medva.sulit.com.phwww.medva.sulit.com.ph

0939-147-00730939-147-0073

http://www.medva.sulit.com.ph/

mailto:[email protected]

Kitchen area Provision for One (1) car garage Provision for service and laundry area

House Finishes

Pre-Painted CI Sheets Steel Casement Windows Pre-Cast Panel System Water Closet Painted Interior / Exterior Walls Tiled Kitchen Counter Tiled Bathroom Flooring Floor Cement Finish

Cypress (TH) House Model Floor Plan

Sample Computation of Cypress (TH) House Model

Sample Computation for Pag-IBIG Financing

CYPRESS (TH) - CARMONA, CAVITE

Lot Area : 40 sq.m. Floor Area : 40 sq.m.

TOTAL CONTRACT PRICE 840,000.00

DOWNPAYMENT 90,000.00

LESS: RESERVATION FEE 7,500.00

NET EQUITY 82,500.00

IN 12 MONTHS 6,875.00

LOANABLE AMOUNT (7.0%) 750,000.00

0.011610848 10 YRS. 9,258.54

0.008988283 15YRS. 7,291.62

0.007752989 20 YRS. 6,365.15

0.007067792 25 YRS. 5,851.25

0.006653025 30 YRS. 5,540.18

*** SAMPLE COMPUTATION ONLY ***

ACTUAL PHOTO OF DRESSED UP MODEL UNIT


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ACTUAL PHOTO OF TURNOVER MODEL UNIT


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Cedar Residences Location Map

POLICIES


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Conditions of Sale Non-refundable reservation fee ranges from 5,000.00 to 30,000.00 Amount paid formalizes the reservation of a housing unit in the project

and forms part of the equity First-come, first served basis

Downpayment (Equity) The buyer may choose the following options:

o PLAN A – 20% of total selling priceo PLAN B – 30% of total selling price

Payments In-house Payments must be remitted only to the Main Office of PRO-FRIENDs

and through an authorized PRO-FRIENDS staff only

Reservation Date Date of PDCo 6th to 20th day (Current Month) 20th day of the next montho 21st ( current month) to 5th day 5th day of the

subsequent month(next month)

In-House financing terms:o Loanable amount is payable in 5 years at 18% or 10% years at

21% fixed interest.

Payment Pag-IBIG Equity/Downpayment

o Payments must be remitted only to the Main office of PRO-FRIENDs and through an authorized PRO-FRIENDs staff only

Reservation Date Date of PDCo 6th to 20th day (Current Month) 20th day of the next montho 21st ( current month) to 5th day 5th day of the

subsequent month(next month)

Monthly Amortization o For 2 years, PDC’s will be addressed to PRO-FRIENDs and it will

always be 5 days advance.o If their hit date is on the 20th day, their date of PDC will be on the

15th day of the month.o If their hit date is on the 5th day, their date of PDC will be on the

30th day of the month.o After 2 years, PDC’s will be dated based on the original datres of

PDC (12 PDCs for CEDAR, VILLAS & MANOR; 20 PDCs for other projects)

Penalty on Delayed Payments 1/10 of 1% compounded per day of delay. Any request for hold or pullout of check shall be charged by PRO-

FRIENDs an Administrative Fee of P 100.00 per transaction.

Forteiture and Cancellation Failure to submit documentary requirements and non-payment of 1st

equity

The RETURN or non-payment of checks issued including “stop payment order”

Any delay in the encashment of checks on due dates stated for any reason not attributed to PRO-FRIENDs.

Failure or refusal of the buyer to complete the down payment or to pay any installment on the down payment & monthly amortization

Voluntary back out of buyer

Transfer of Location / Ownership Transfer fee of P3,000.00 is required Retain prevailing selling price and terms at point of transfer (allowed

only for upgrading or same selling price) Covers transfer of rights and change of unit or financing scheme Original schedule of payment will be followed Account is current and updated (no transfer on delinquent accounts)

House Construction House Completion is within 3 months after the last equity

Move-in for In-house A buyer will not be allowed to move in unless:

o Downpayment is fully paido Posted checks for monthly amortization have been issuedo All documentation requirement are complied with

Buyer should secure the Authority/Clearance to Inspect after 60 days upon the receipts of Notice of Completion (NOC), otherwise, unit will deemed accepted

Buyer must secure Authority to Move In from Head Office upon the receipts of Certificate of House acceptance from the site

Unit is considered 100% complete once accepted by the buyer Early Move-in

o Unit is ready to be occupiedo Monthly amortization will start 30 days from the date of

Clearance for Inspection (CFI)

Move-in for Pag-IBIGo Buyer will not be allowed to move in if there is no take out order from

Pag-IBIG(No take out, no move in policy)

Real Property Taxes, TCT transfer & Registrationo Buyer is bound to pay the real estate taxes and special taxes levied or

that may be levied on the property during the time the CTS is in force, when they become due and payable, including the corresponding surcharge and penalties in case of delinquency

DOCUMENTATION REQUIREMENTS

Pag-IBIG Required Documents

Initial Requirements

1. 3 pcs. 1” x 1” ID Pictures (husband & wife if married)

2. Photocopy of valid ID (husband & wife if married)

3. Cedula (husband & wife if married)

4. Marriage Contract, Birth Cert. OR separation Papers (if needed)

5. MSVS ( Membership Status Verification Slip)

6. Pag-IBIG and PRO-FRIENDs Counselling

7. Tax Identification Number (TIN)

8. Proof of Billing ( Meralco, PLDT. Other)

9. _________ PDCs for Downpayment

10. PDC (36 M.A. for CEDAR & 44 M.A. for others)

11. 2 checks for Real Property tax

12. Proof of Income for more than P750,000 loan amt.

a. Cert. Of Employment with Compensation

b. ITR / W2

c. 3 mos. Payslip

2. Complete Information in Buyer’s Information Sheet

3. Reservation Agreement (RA) form

4. Provided PRO-FRIENDS:

a. Confirmation Letter/MA Schedule

b. Addendum to CTS

c. Disclosure Statement (FLH 150)

d. Certificate of House and Lot Acceptance/Completion

e. Contract to sell (CTS)

f. Deed of Absolute sale

g. Promissory Note

h. Loan Mortgage Agreement

i. Pag-IBIG Housing Loan Application Form

j. Deed of Reconveyance

k. Deed of Assignment w/SPA

Pag-IBIG Additional Requirements for OFW

1. Initial Requirements2. Jon 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. Attorney In-Fact information Sheet

8. Residence Certificate of attorney In-Fact

Pag-IBIG Additional requirements for Self-Employed

1. Initial requirements2. Affidavit of Income

3. Business Name and Permit

4. Passbook with 3 months maintaing balance

5. ITR

IN-HOUSE REQUIRED DOCUMENTS


1. 3 pcs. 1” x 1” ID Pictures (husband & wife if married)2. Photocopy of valid ID (husband & wife if married)

3. Cedula (husband & wife if married)

4. Certificate of Employment with Compensation

5. Tax Identification Number (TIN)

6. _________ PDCs for Downpayment

7. _________ PDCs for Monthly Amortization

8. 4 checks for Real Property tax if loan term is 5 years

9. 9 checks for Real Property Tax if loan term is 10 years

10. 1 Guaranteed Check

11. Latest Proof of Income

12. Marriage Contract, Birth Cert. OR separation Papers (if needed)

13. Complete Information in Buyer’s Information Sheet

14. Reservation Agreement (RA) form

15. Provide by PRO-FRIENDS:

a. Contract Tp Sell (CTS)

b. Deed of Absolute Sale

c. Insurance Forms

d. Credit Investigation Form

Additional Requirements for OFW

1. Initial Requirements2. Jon 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. Attorney In-Fact information Sheet

8. Residence Certificate of attorney In-Fact

Addiitional Requirements for Self-Employed

1. Initial requirements2. Affidavit of Income

3. Business Name and Permit

4. Passbook with 3 months maintaing balance

5. ITR

Bank Financing Required Documents


3 pcs. 1” x 1” ID Pictures (husband & wife if married) Valid ID – Government ID (husband & wife if married)

Cedula (husband & wife if married)

Certificate of Employment with Compensation

Tax Identification Number (TIN)

Proof of Billing (Meralco, PLDT, other)

Birth Certificate

Marriage Contract

Income tax Return

Photocopy of payslip – past 3 months

_________ PDCs for Downpayment

1 Guaranteed Check

Bank Additional Requirements for Employed

1. Initial requirements2. Original copy of Certificate for Employment

3. Latest ITR

Bank Additional Requirements forSelf- Employed

1. Initial Requirements2. Audited Financial Statements for the last 2 years

3. Two(2) years in-house Financial Statement and Interim Statement (when available)

4. ITR for the last 2 years

5. Photocopy of Bank Statements and Passbooks for the last 6 months

6. Certificate of Business Registration with SEC or DTI ( if single proprietorship)

7. Articles of Incorporation and By-laws (if applicable)

8. Business Background/Company Profile

9. Trade Suppliers/Costumers (at least 3 for each with contact persons and telephone numbers)

FREQUENTLY ASKED QUESTIONSRESERVATION

Upon paying the reservation fee the buyer will be able to get all the necessary documents such as Contract to Sell, Deed of Sale, Bank/Pagibig or In-house forms, Insurances etc...The buyer has 30 days to complete

documents as well as the necessary requirements. Reservation fee is Non-refundable. It is possible for the buyer if they decide to transfer the reservation fee or other payments made to the developer to other units as long as it is under the same developer (PROFRIENDS) but there will be a transfer fee of 3,000

FIRST EQUITY

The buyer has 30days from the reservation date to start their first down-payment. Buyer needs to issue PDC’S and should be named under the developer (Property Company of Friends Inc.).

TURNOVER

Turnover of the house is within 3 months after the full down-payment, the buyer has 3 opportunities to inspect the house so that if there is anything that you are in concerned of the developer will be able to fix it and it will be shouldered by the developer but after you accept the house if there is any alterations it will be at on your own expense so make sure that before you accept the unit all your concerns is addressed. With regards to roof leaks the buyer is entitled to one (1) rainy season. After the inspection period the buyer will be able to move in.

FIRST MONTHLY AMORTIZATION

First monthly amortization will start after your downpayment.

READY FOR OCCUPANCY UNIT (RFO)

Buyer needs to pay the downpayment in full.

HOUSE MODIFICATION

When the house is turnover to the buyer, buyer has the opportunity to modify or improve their unit, A contstruction bond is necessary for you to be able to modify the house, it will be refunded to you once you’re done with the renovation.

ELECTRICITY AND WATER

Buyer will shoulder the expenses with regards to the electricity and water connection

TERMS OF PAYMENT

There are several modes of payment, Cash Basis, Installment Basis, and 24months to pay with 0% interest.

OFW

Since you are out of the country, you need to appoint someone that will act on your behalf he/she will be the Attorney in Fact or SPA .SPA form

will be provided by the developer. OFW are entitled to loan 80% upto 20yrs for Bank Financing , In-House Financing 5yrs upto 10yrs and Pagibig Financing, Take note that the maturity of the loan should not exceed the buyers 70th birthday.

Noted

Developer will give a Bank Referral Letter so Buyer can open a checking account. Only Php2,500 needed to open an account at PNB bank.

ESTIMATED HOUSE BUYING SALES PROCEDURE- 12 MO. DP/EQUITY

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 13 - 15...............1st Monthly Amortization and Estimated

Turnover

CONTACT FOR INQUIRIES / FREE HOUSE VIEWING

Ma. Eloisa V. Acebed0Smart: 0939-147-0073Landline: 044-720-4024Email us: [email protected] website for other houses: www.medva.sulit.com.phAdd me, chat with me: medvaYahoo Messenger: mevacebedo



Real Estate

Cypress (Th) Carmona