1. How much is the Reservation Fee?

Ans. Reservation Fee varies according to the selling price of the house. For example, the Reservation Fee for Cedar is 5,000 pesos.

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 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.

• Day 1 .....................Reservation
• Day 7-15.................Submission of Requirements
• Month 1...................1st Monthly Equity or Downpayment
• Month 2...................2nd Monthly Equity or Downpayment
• Month 3-12 .............Remaining Monthly Equity or Downpayment
• Month 13 ................1st Monthly Amortization and Turnover

6. Is the house ready for occupancy?

Ans. Construction of the house will start during the payment of equity. While under construction, minor changes can be requested by the owner from the developer. If ever there are available Ready For Occupancy (RFO) units, full equity must be paid and loan has been taken-out by Pag-ibig before buyer can move-in. Please take note that turn-over unit has only cement finish flooring in all floors. Buyer will shoulder the cost of tiles intallation.

7. How can I apply for a Pag-ibig Housing Loan?

Ans. Developer will handle Pag-ibig processing. Just submit all the required documents.

8. What are the requirements for Pag-ibig 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.) MSVS - Membership Status Verification Slip from Pag-ibig)
8.) Pag-ibig Counselling from the Developer
9.) TIN
10.) Certificate of Employment with Compensation
11.) ITR
12.) Postdated checks: Developer will give a Bank Referral Letter so Buyer can open a checking account. Only Php5,000 needed to open an account.
........a.) 12 pcs. Or as per Downpayment/Equity term chosen
........b.) 44 pcs. for Monthly Amortization
........c.) 2 pcs. Realty Property Tax (2 yrs.)
........d.) TOTAL 58 CHECKS

If OFW - Add these documents:

13.) Passport (Xerox)
14.) Job Contract

(All requirements must be submitted within 15-30 days from Reservation date)

9. What are the requirements for In-House Financing?

Ans. Here are the requirements:

1.) Valid ID/TIN
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 ITR or Bank Account
6.) FOR OFW: Job Contract and Photocopy of Passport
7.) Postdated checks: Developer will give a Bank Referral Letter so Buyer can open a checking account. Only Php5,000 needed 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

10. What are the requirements for Bank Financing?

Ans. 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) or Death Certificate (Widow)
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-
10.) Latest Income Tax Return or ITR
11.) Postdated Checks: Developer will give a Bank Referral Letter so Buyer can open a checking account. Only Php5,000 needed to open an account.
.........a.) 12 pcs. Downpayment or According to DP terms
.........b.) 1 pc. Guarantee check

If OFW - SEAMAN - Add these documents:

12.) Passport (Xerox)
13.) Certificate of employment from Agency and/or Job Contract
14.) Exit Pass (Authenticated by POEA)
15.) Special Power of Attorney - Notarized

IF OFW - LANDBASE - Add this documents:

16.) Certificate of Employment from Company - Notarized
17.) Latest contract of Employment (Authenticated by POEA)

11. What are the accepted valid ID's?

Ans. Passport/Drivers License, PRC ID., NBI Clearance, Police Clearance,
Postal ID, GSIS E-Card, SSS, Philhealth Card, Senior Citizen, OWWA ID,
OFW ID, Seaman's Book, Alien Certification Registration, Immigrant Certification.

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