1. How much is the Reservation Fee?
Ans.The reservation fee is Php20,000.00.
2. Is the Reservation Fee refundable?
Ans. It is not refundable but it is part of the downpayment.
3. Can buyer upgrade or transfer to another unit with a higher price?
Ans. Yes, provided under same developer. All payments will be credited to the new unit chosen. No penalty or deductions on the previous payments, only transfer fee of 3,000 pesos.
4. When will be the first monthly payment for equity?
Ans. Your first downpayment will start 30 - 45 days after paying the reservation fee.
5. When will be the first monthly payment for amortization?
Ans. The first monthly amortization will start after you have fully paid the net equity.
6.Is there other Hidden charges?.
Ans. There is NO HIDDEN charges. Profriends does not charge MOVE-IN fees. Client/Buyer will apply and pay for Water and Meralco connection after house is turned-over and accepted.
7. What are the other expenses will be encounter after the house is turned-over to the buyer/client?
Ans.A. Water Connection - Estimated cost for water connection is Php4,000 - Php5,000.00 (deposit & meter). Timetable is 1-2 weeks from application date. Cost may vary depending on choosen project.
B. Meralco connection - Estimated cost for electrical connection is Php3,000-Php5,000.00 (deposit & meter). Timetable is 3-4 weeks from application date. Cost may vary depending on choosen project.
C. Construction Bond - Is required BY PROFRIENDS only if Buyer construct improvement (fence/balcony/etc) after house is accepted. Estimated amount is Php10,500- or more depending on housing project choosen. This Bond will pay for any damages (should there be any) during construction/improvement period. Bond will be refunded if there is no damage done during construction.
D. Pre-Termination Fee - Profriends charge pretermination fee only 14% if Buyer decides to loan the Balance or Loanable Amount personally to Bank or Pagibig (Individual Application). But only 42% of the Pretermination Fee Amount will be paid by the Buyer who will apply the loan with PAGIBIG Office personally or thru SPA. Profriends will not handle the loan processing. Buyer will be paying downpayment and amortization base on INHOUSE computation.
There is NO Pre-termination Fee if Buyer choose straight INHOUSE Financing. Balance will not be transferred to any other financing.
8.How and When the house can be imrove?
Ans.The
Developer only accepts deletion of tiles (Bathroom, Flooring and Kitchen countertop). There is a deletion charge. Letter of request must be sent before construction starts. Approval of request may takes 2-4 weeks. Buyer must get outside contractor to do the improvement of their unit. Buyer can only start installation of tiles or improvement after unit is turned-over and accepted.
9.Is the house ready for occupancy?
Ans. No, its a Pre-selling unit. The Construction of the house will start during the payment of equity.
7. How can I apply for a Bank Financing Loan?
Ans. Developer will handle the loan processing. Just submit all the required documents.
8. What are the requirements for Bank Housing Loan?
Ans. If locally employed, here are the requirements
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 (3 months)
7.) TIN
8.) ITR
9.) Certificate of Employment with Compensation
10.)Postdated checks (PDC)
If OFW - Add these documents:
11.) Passport (Xerox)
12.) Job Contract
13.) Special Power of Attorney duly consularized in place of work
(All requirements must be submitted within 30-60 days from Reservation date)
