Modern Living House and Lot in Cavite Lancaster New City
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HOUSE AND LOT FOR SALE IN CAVITE

Lancaster Estates

Carmona Estates

Bellefort Estates

Profriends Properties in Cavite

For House and Lot in Cavite, call us now.

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Frequently Ask Questions:

  1. WHAT IS SELLING PRICE?
    It is the Price of the house

  2. WHAT ARE THE COVERAGE OF PROCESSING FEE?
    For  Bank Financing - It covers payment for Title transfer cost, advance insurances, realty tax & documentary expenses.

    For Inhouse Financing - It covers payment for Premiums for the first years coverage-mortgage redemption insurance (MRI) & fire insurance, Real property taxes for one year, Blue print of the houseplans (one set),  Home Owners Association (HOA) dues for provision for preventive maintinace, Administrative and documentary expences.

  3. WHAT IS TOTAL CONTRACT PRICE OR PACKAGE PRICE?
    The Complete price of the house with the processing fee.

  4. WHAT IS RESERVATION FEE?
    This is the first step on purchasing a unit. The reservation is depend on the house model you would like to purchase, it is not refundable but it is a part of the downpayment. So it will be deducted from your DP.  Reservation fee is from P7,500 to P30,000 depending on the house model. It is non-refundable.  But you can transfer it to another unit location or owner.  Provided, under same agent and developer. Only Personal Checks, Manager Checks and Cash are accepted as payment. Reservation fee will be valid from 30 - 45 days after you have paid the reservation.

  5. WHAT ARE THE PROCEDURE TO TRANSFER THE UNIT OR THE OWNERSHIP?
    Buyer must submit a request of transfer to the developer, Approval of request takes 2 weeks. Upon approval of request the buyer must pay a transfer fee of 3,000.00 provided with complete requirements within 3 days upon the approval of request. If the buyer was not able to comply the payment of the transfer fee and submittion of the requiments te transfer is revoked.

  6. WHAT IS MONTHLY EQUITY
    The monthly equity is the staggerd payment of the downpayment without interesr. This will start depend when you reserved the unit. If you reserved from 6th - 20th of the month the monthly downpayment will start on 20th of the next month. If you reserved the unit from 21st - 5th of the month the monthly downpayment will start on 5th of the next month. The buyer need to submit PDC (Post dated Check) for the payment of downpayment. The number of PDC's is based on the terms of downpayment.

  7. How long downpayment must be paid?
    IN house financing, it's 24 months.
    Bank Financing, it's 15 months.  All zero interest. 

  8. What If You Pay the Downpayment in Full?
    Get 7.5% discount if you pay within 30 days from reservation date. Even if you fully paid the downpayment, your amortization will start on the 25th or 31st, depending on choosen financing. So you can still pay in the succeeding months as additional downpayment. Additional downpayment will be deducted from the principal balance to be computed at the end of the DP period. Whatever is left in the balance, will be the basis of computing the amortization.  The result...a reduced monthly amortization. So pay as much as you can during the DP period.  Take advantage of the extended DP term and save on interest.

  9. CAN I GET DISCOUNTS IF BUYER PAID BY CASH
    Yes, discounts are based on the selling price.
    Within 7 days from the date of reservation fee - 10%
    Between 8 - 30 days - 9.5%
    Between 31 - 60 days - 9%
    Between 61 - 90 days - 8.5%

  10. WHAT IS AMORTIZATION?
    It is the monthly payment of the loanable amount to the financing the buyer use.

  11. WHAT ARE THE FINANCING THE BUYER USE?
    In house financing
    are housing loans extended by Developer to buyers. Buyer will pay directly with Developer's Office. Inhouse financing is the simple and easiest requirements.  No interviews. No minimum salary requirements. No Income Tax Return,  No Certificate of Employment,  No Payslips.  No bank requirements.  No bank charges. No need for a Co-Maker even if you have no work.  As long as you have support and capable of paying. Maximum loan term is only 10 yrs.  No approval needed. Interest Rate is 18% per year for 5 years to pay; 21% per year for 10 years to pay.

    Bank financing are housing loans extended directly by accredited banks of our Developer. Buyer will pay the amortization with the Bank. Developer's office will process your loan with this accredited bank:  Metrobank (MBTC). Interest rate of 10% as used in the computation is for reference only.  Actual rate will apply upon loan take-out. Maximum term is only 20 yrs.  Longer terms will be subject for Bank approval. Age limit:  18- 40 yrs. old and above.  Applicants working in war-torn countries will not be accepted.

  12. CAN I APPLY THE BALANCE AMOUNT IN PAG-IBIGCan I apply the balance amount with PAGIBIG?
    Yes, but Client will apply and process personally the 70% loan with PAGIBIG. There will be a 14% pretermination fee for individual application and Title cost transfer . The move in is on the releasing of Loan guarantee of the PAG-IBIG.

  13. WHEN WILL THE AMORTIZATION START?
    For In-house financing - The monthly amortization will start right after the full payment of downpayment.For Bank financing - The monthly amortization will start right after the loan take-out .

  14. ARE THERE HIDDEN CHARGES?
    There are NO HIDDEN GHARGES .  Profriends does not charge MOVE-IN fees.  You will apply for water and Meralco connection after house is turned-over and accepted.    

  15. WHY YOU SEE DIFFERENT PRICES IN THE INTERNET?
    Price is higher for lots facing east or morning sun, than lots facing west and lots located near Entrance Gate & Amenities. A Corner Lot and End Lot are higher than inner lot due to bigger lot area. Total Contract Price will vary depending on financing terms chosen. Price may have increased by the time you viewed the posted ads. Always ask if the units posted in the ads are still available or not. Profriends, Inc. has only ONE PRICELIST for all AGENTS and BROKERS.
    So be careful and be safe.  Choose your Agents well 

  16. WHEN IS THE MOVE-IN OF THE PRE-SELLING UNIT?
    BANK Financing
    1.) On your 18th month of downpayment period and
    2.) Bank has take-out your loan (bank has paid the developer). This 2 requirements must be present before you will be allowed to move-in. In case your loan is still pending due to unsubmitted requirements needed for loan processing, moving-in on the 16th month will not be allowed

    IN HOUSE Financing

    1.) On your 18th month of downpayment period .

  17. WHEN IS THE MOVE-IN OF THE READY FOR OCCUPANCY (RFO)UNIT ?
    BANK Financing

    After the releasing of Loan Guarantee by the bank. The process of the loan will took in Three (3) mos. after full payment of downpayment provide with the complete submission of full requirements (docs & postdated checks).
    In case your loan is still pending due to unsubmitted requirements needed for loan processing, moving-in will not be allowed

    IN HOUSE Financing

    after full payment of downpayment and submission of full requirements (docs & postdated checks). No need for loan take-out.

  18. WHEN IS THE MOVE-IN IF I PAY SPOT CASH?
    For Pre-selling units- House completion and turnover will still follow by Developer's house completion schedule as shown in the Inventory Sheet. 
    For Ready for Occupancy Units (RFO)- with Notice of Completion, Buyers can move-in immediately. 

    Important reminders:
    Profriends will not allow you to move-in or transfer unless ALL REQUIRED DOCUMENTS and POSTDATED CHECKS are fully submitted.

  19. WHEN IS THE HOUSE CONSTRUCTION?
    Pre selling unit - Construction of the house will start during the last quarter of the downpayment. Strictly all new house model of Lancaster Estate like Alexandra, Gabrielle, Margaret, Sophie, Diana and Alice is a pre sale unit.

    Ready for occupancy Unit (RFO) – The house is already constructed and subject upon availability of house model so the unit must reserve immediately.

  20. WHAT ARE THE PROCEDURE OF HOUSE TURN-OVER?
    Buyer will receive a Clearance for Inspection (CFI) 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.

  21. CAN I RENOVATE OR IMPROVE THE HOUSE?
    For In-house Financing
    Developer only accepts deletion of tiles in Bathroom & Kitchen countertop. Deletion charge is Php1,000.00.  Letter of request must be sent before house construction starts.  Approval of request takes 2 weeks.  You will be informed.  Buyer must get outside contractor to do the improvement of their unit. You can only start installation of tiles/improvement after house is turned-over. The developer required the buyer of Construction Bond.  Estimated amount is Php 5,500 - 10,500.00 depending on housing project choosen.  This Bond will pay for any damages (should there be any) during construction of improvement period.  Bond will be refunded if there is no damage done during construction. Buyer will submit drawings/proposal to Engineering office of the developer for approval of alterations. This is to ensure structural integrity.

    For Bank Financing
    Developer do not accepts deletion of tiles in Bathroom & Kitchen countertop. You can only start installation of tiles/improvement after house is turned-over. Buyer must get outside contractor to do the improvement of their unit. The developer required the buyer of Construction Bond.  Estimated amount is Php 5,500 - 10,500.00 depending on housing project choosen.  This Bond will pay for any damages (should there be any) during construction of improvement period.  Bond will be refunded if there is no damage done during construction. Buyer will submit drawings/proposal to Engineering office of the developer for approval of alterations. This is to ensure structural integrity.

  22. IS THERE A BUYER'S GUARANTEE?
    Yes, there is. 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.

  23. WHAT ARE THE REQUIREMENTS?

    1.) 3 pcs  1X1 Pictures

    • Principal buyer
    • Spouse if married
    • Attorney in Fact for OFW or SEAMAN

    2.)   2 pcs Valid ID (2 Kinds)

    • Principal buyer
    • Spouse if married
    • Attorney in Fact for OFW or SEAMAN


    3)  Tax Identification Number (TIN)
    4)  Cedula

    • Principal buyer for locally employed
    • Spouse if married for locally employed
    • Attorney in Fact for OFW or SEAMAN

    5)  Birth Certificate or Marriage Contract
    6.) Proof of Billing Address (Or Certification from Owner if Renting)
    7.) Latest Income Tax Return or ITR (OFW are exempted)
         (Just a Central Bank requirement.  Will not be the basis of loan approval.
    8.) Postdated Checks:

    • PDC for Bank Financing
      - 15pcs. Downpayment  (Per DP Term)
    • PDC In-house Financing
      24 pcs. Downpayment (Per DP Term)
      36 pcs.Monthly Amortization
      1 pc. Guarantee Check
      9 pcs. for Real Property Tax on 10 yrs. Amortization term or  4 pcs. for Real Property Tax 5 yrs. amortization term.

      ADDITIONAL REQUIREMENTS FOR OFW     

      •  Passport (photocopied)
      • 1 pc Special Power of Attorney (duly Consularized in place of Work)
      • Certificate of employment (Email Address of Employer Must Be Indicated)

      * Consularized Special Power of Attorney (SPA) forms are provided by the developer. It must be signed by the buyer. it must be duly consularized in place of work.The original documents must be submitted to the developer.

      Forms provided by the developer that need to sign and submit  :

      • Contract to Sell
      • Deed of Reconveyance
      • Deed of Absolute Sale
      • Special Power of Attorney
      • Bank Application Form
      • Insurances

      These should be submitted together with the above personal requirements within 60 days.

BUYER'S PROCEDURE AND GUIDELINES

  1. Visit the model house of the housing project personally or thru your representative.
  2. Choose the location of block and lot number thru Developer's Sales Map.
  3. Decide what will be your mode and terms of payment.
  4. Mode of Payments:
    • In-house Financing
    • Bank Financing
    • Cash Deferred Payment - 24 equal monthly installment ZERO interest
    • Spot Cash Payment - avail of discount if fully paid within 6 months.
  5. Terms of Payment:Pay the reservation fee.Fill out Buyer's Information Sheet (BIS) and Reservation Agreement Form.
    • Downpayment payable in how many months?
    • Balance payable in how many years?
  6. Sign the following  forms:Get the list of requirements together with signed forms from Developer's Office or your Agent. Requirements must be submitted within 60 days.  Submit a letter, if submission will be delayed.
    • Contract to Sell
    • Special Power of Attorney (if Buyer is not available)
    • Insurance Form (Mortgage Redemption Insurance (MRI) and Fire Insurance
    • In-house or Bank Loan Application Forms
  7. Pay your  first monthly downpayment after 30 - 45 days from reservation date.
  8.  After full downpayment,  start paying your monthly amortization.  
  9. Upon full  downpayment, you may now inspect your house
  10. Sign house acceptance  after house inspection process.
  11. You may now apply for Meralco (3 weeks) and water connection (3 days)
  12. While waiting for electric connection, Developer will allow you to a sub-meter connection.
  13. Upon house acceptance, you'll be allowed to construct interior and exterior improvements.
  14. Just get approval from Developer's Office.  Submit sketches of the improvement.
  15. Approval from the Developer is free, fast and easy.
  16. Upon approval, apply and pay the Building Permit to Local Municipal's Office.
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