3BDRM, 2T&B, W/ CAR GARAGE PINES THSE @ CARMONA P955k

           Carmona Estates is conveniently located near the Carmona Exit of the South Luzon Expressway, and just a few minutes away from the Carmona town proper and public market. It is only a 30 minute drive from the Makati Central Business District and has access to schools, hospitals, and business establishments in the nearby towns of Laguna. Definitely a lot closer when compared to Sta Rosa, less busy compared to Binan, and for those who live further south of Laguna, Carmona Estates is strategically located midway for all your personal and family lifestyle needs.

Main road inside the subdivision.



The view inside the subdivision.

Benefits:

• Blending cosmopolitan and suburban living.

• Accessible through the major access road Mayor's Blvd. and Sugar road.

• Self-contained community with 24-hour security.

• Peaceful community, away from the noise and chaos of traditional urban setting.

• Offers fresh, clean air.

• Shuttle service

• Approximately just 27kms from Makati

House Features:

• 3 Bedrooms

• Living Room

• Kitchen

• Dining Room

• 2 Toilets and Baths

• Balcony

• Laundry / Service Area

• Provision for Carport

• Provision for Front Lawn

• Provision for CATV, Telephone and Air-Conditioning Unit

House Finishes:

• Pre-Painted Long Span Roofing

• Tiled Kitchen Counter with Stainless Steel Kitchen Sink

• Tiled Toilet and Bath

• Ceramic Bathroom Fixtures

• Interior and Exterior Wall Paint Finish

Computations

Option 1: Through Pag-Ibig

Selling Price........................................  Php955,000.00

Add: Processing Fee............................            14,600.00

Total Contract Price........................... Php1,069,600.00

Less: Loanable Amount to Pag-ibig......           960,000.00

Required Equity.................................           109,600.00

Less Reservation Fee.........................              10,000.00

Net Equity..........................................            99,600.00

Monthly Equity for 12 month...............              8,300.00

Balance Loanable to Pag-ibig...............         960,000.00

Insurance: MRI…………………………………… 393.60

                    Fire……………………………………. 383.79

Monthly PAG-IBIG Amortization:

30 yrs  @ 10.5%......................................... 9,558.90

25 yrs @ 10.5 %........................................ 9,841.54

20 yrs @ 10.5%......................................... 10,361.85

15 yrs @ 10.5%......................................... 11,389.22

10 yrs @ 10.5%......................................... 13,731.15

5 yrs @ 10.5%......................................... 21,411.53

NOTE:

• MRI and FIRE Insurance are already included.

• Maximum of 12 months downpayment term for Pag-ibig financing.

• Maximum terms of loan varies depending on Buyer's age.

• Loan must be paid before Buyer reaches 65 yrs. old.

• Processing Fees includes Transfer of Title, Advance One Year Fire/MRI insurance,

one year advance property tax and other blueprints.

FREQUENTLY ASKED ANSWERS (PAG-IBIG FINANCING)

1. Buying a House Procedure with Pag-Ibig Financing Scheme:

Month 1 ;             Day 1     Reservation

                          Day 7 to 21     Submission of Requirements (Please refer to Pag-ibig financing requirements)

Month 2 ;             Day 5th or 20th     Ist Monthly Equity or Downpayment

Month 3 to 13      2nd to 12th Monthly Equity or Downpayment

Month 14 to 17    Ist Monthly Amortization and House Turn-Over

Reservation is from P5,000 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.

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.

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 Pag-ibig.

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.

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.

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.

Buyer is required to make full downpayment and take-out of Pag-ibig loan to transfer. Estimated time to move-in is 1 to 4 months.

Requirements / Documents Checklist for Pag-Ibig Financing

_____ 1.    3pcs. ID pictures (husband and wife)
_____ 2.    Photocopy of valid ID (husband and wife)
_____ 3.    Photocopy of Residence Certificate (cedula)
_____ 4.    Certificate of Employment with Compensation
_____ 5.    Tax Identification Number (TIN)
_____ 6.    PDC's for Downpayment
_____ 7.    _______ PDC's for Monthly Amortization
_____ 8.    1 Guaranteed Check
_____ 9.    9 checks for Real Property Tax if loan term is 10 years
_____ 10.  4 checks for Real Property Tax if loan term is 5 years
_____ 11.  Proof of billing (PLDT, Meralco, others)
_____ 12.  Income Tax Return
_____ 13.  Birth Certificate
_____ 14.  Marriage Contract
_____ 15.  Photocopy of payslip - past 3 months
_____ 16.  Pro-Friends Counseling Form
_____ 17.  MSVS - Pag-Ibig
_____ 18.  PDC's (36 M.A. for Cedar & 44 M.A. for others)
_____ 19.  2 checks for Real Property Tax

           20.  Requirements for Locally Employed:
                   Proof of income for more than P750,000 loan amount
                   _____  Certificate of employment with Compensation
                   _____  Income Tax Return (ITR) / W2
               _____  3 months payslip
                  
           21.  Requirements for  Self-Employed:
                   Proof of income for more than P750,000 loan amount
                   _____  Business Permit
                   _____  Audited Financial Statement
                   _____  BIR Deposit Slip
                   _____  ITR with BIR Stamp

           22.  Requirements for Pag-ibig Overseas Program (POP) / Overseas Filipino Worker (OFW)
                   _____  POP Record Book
                   Proof of income for more than P750,000 loan amount
                   _____  Contract of Employment
                   _____  Job Contract duly signed by POEA

Option 2: Through Bank Financing

Selling Price ………………………………………… P955,000

20% Downpayment ……………………………..   191,000

Less: Reservation ………………………………...     10,000

Net Downpayment ………………………………   181,000

Payable in 12mo. …………………………………   15,083.33

Loanable Amount ………………………………... P764,000

Legal and Misc. Fees …………………………….     76,400

Total Loanable Amt. …………………………….. P840,400

Monthly Amortization @10.5% Lock-In Interest (Bank Financing):

5yrs. ……………………………………. P18,063.47

10yrs. …………………………………..   11,339,94

15yrs. …………………………………..     9,289.77

20yrs. …………………………………..     8,390.38

25yrs. …………………………………..     7,934.90

NOTE:

• Fire and MRI insurance not included.

• Move-in on the 13th to 15th month or after paying downpayment

• Processing Fees includes Transfer of Title.

• Interest rate is for reference only.

• Prevailing interest rate will apply upon loan takeout.

• Bank terms for OFW is 15 yrs while locally employed has up to 25 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.).

             BANK FINANCING STANDARD APPLICATION DOCUMENTS 

1. • Completely filled out application form
   • 3pcs. of 1x1 ID picture of borrower and spouse
   • Photocopy of 2 vaild ID's (passport, driver's licence, employee ID) of borrower and spouse
   • Community Tax Certificate of borrower and spouse (should not be expired)
   • Tax Identification Number (TIN)
   • Proof of Billing (Meralco, PLDT, other)
   • Birth Certificate
   • Marriage Contract
   • Owner's Copy of Transfer
   • Photocopy of Contract to Sell

2. TO BE SUBMITTED IF APPLICANT IS EMPLOYED:

   • Original copy of Certificate of Employment, indicating length of service, position and annual salary
   • Latest Income Tax Return (ITR)

• Audited Financial Statements for the last 2 years
• Two (2) years in-house Financial Statement and Interim Statement (when available)
• ITR for the last 2 years
• Photocopy of Bank Statements and Passbooks for the last 6 months
• Certificate of Business Registration with SEC or DTI (if single proprietorship)
• Articles of Incorporation and By-Laws (if applicable)
• Business Background / Company Profile
• Trade Suppliers / Customers (at least 3 for each with contact persons and telephone numbers)

Option 3: In-House Financing

 (Inner Unit)

Selling Price …………………………………………. P955,000

Downpayment …………………………………….... 191,000

ADD:

Legal and Misc. Fees ……………………………. 42,975

Total Downpayment …………………………….. 233,975

LESS:

Reservation ………………………………………….. 10,000

Net Downpayment ……………………………….. 223,975

Payable in 12 months ………………………….. 18,664.58

Total Remaining Balance …………………….... 764,000

Amortization Excluding Insurance Fees:

10yrs. ………………………………………………….. 15,274.77

5yrs. ……………………………………………………. 19,400.57

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

GO AND CHECK OUT YOUR DREAM HOUSE NOW

For more info: E-mail: asensotayo@yahoo.com

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