Murang Bahay sa Brgy. Tapia, General Trias, Cavite

Good day!

Thank you for taking interest in unit WO3-1006 at Lancaster New City. Below are the details of the unit (Note: unit availability and final pricing are still subject to change).

House Model: THEA

Unit ID: WO3-1006

Total Contract Price: Php 2,666,000.00

Reservation Fee: Php 10,000.00

Estimated Monthly Equity: Php 21,661.11

House Type: TOWNHOUSE

Lot Type: INNER

Lot Area: 50 sqm

Floor Area: 60 sqm

Estimated Monthly Amortization: Php 17,881.63

Salary requirement: Php 60,000 (Combine Salary either siblings or husband & Wife)

You Need to Know Before You Reserve your Dream Home Thea Townhouse.

What is a Reservation Fee? - Reservation Fee is a payment made by the client to gain exclusive rights to buy a Lancaster New City property.

It is deductible to the Down-payment and will hold the unit under the client's name for 30 days or until the first down-payment is made.

Is the Reservation Fee refundable? - NO. The Reservation Fee is strictly NON-REFUNDABLE.

Modes of Payment for Reservation Fee - CASH, CHEQUE DEBIT, and CREDIT CARD.

What is Down-payment / Equity? – Down-payment (also called Equity) is a fixed amount from the Total Contract Price (TCP) that needs to be paid by the client if financed thru Bank or In-house Financing. Down-payment can be paid on monthly installments at zero interest rate.

Modes of Payment for Monthly Down-payment - Monthly Down-payment shall be paid strictly thru Post-Dated Cheques (PDC) or Auto Debit in BDO or Metrobank saving account.

When will my monthly down-payment start? - Monthly Down-payment shall start 30 days from the Reservation Date.

I am an OFW/Immigrant, how can I pay my Monthly Down-payment? - For OFW/Overseas-based clients, the client is required to assign a family member who is based in the Philippines as their ATTORNEY-IN-FACT (AIF).

Is Down-payment refundable? - NO. All down-payment paid to the developer is strictly NON-REFUNDABLE.

WHAT ARE THE FINANCING OPTIONS?

Bank Financing - Minimum 10% TO 12.50% Down payment of the TCP and 87.50% balance to be loaned thru our accredited banks - BDO, UCPB, Security Bank, East West Bank, PNB.

Bank maximum loan term – for OFW is 15 yrs., while locally employed is up to 20 yrs., depending on the assigned bank.

Can I use my Pag-IBIG contribution for a Housing Loan? - Yes. If a client wants to finance thru Pag-IBIG, the client must pay first the 20% Down-payment thru In-house Financing and the 80% Balance may be processed by the client personally to Pag-IBIG Housing Loan.

Maximum buyers age applicable to Loan in Bank - for OFW is 60 yrs., Local is 65 yrs.

WHEN CAN I MOVE IN?

Bank Financing – Move-in is on 15th month or Upon Loan Release / Take-out

In-house Financing - Upon Full Payment of Down-payment

Spot Cash – For PRE-SELLING units, upon House Completion. For RFO units, after 3 to 4 months.

Remarks:

·        MRI and Fire insurance are included.

·        Transfer fees are included for Bank Financing 8% LMF. Transfer fees are not yet included for In-house Financing 4.5%