Spot Cash
– when you pay the whole amount of the Total Package Price and you can avail big discount if you choose this kind option of payment and lesser requirements.
Deferred Payment
-when you pay the whole Total Package Price within 12 monthly installments without interest and without discount for this payment option and lesser requirements.
Bank Financing
– when you will mortgage the loanable amount 90% of Total Package Price thru accredited banks of Duraville Group of Companies.
In-house Financing
– when you will mortgage the loanable amount 85% of Total Package Price from the Developer (Hamilton Financing).
Bank Financing
- No Hidden Charges – Transfer of Title cost is included in the Total Package Price. Monthly amortization is inclusive of MRI & Fire insurances. It means the property is insured throughout the duration of the loan.
- No Move – in Fees
- Direct Bank Financing (Assisted by Developer)
- Reservation, Downpayment and Amortization is Not Refundable
- 7% Indicative Rate – Interest Rate will be based on prevailing bank rates.
- Utilities – Meralco installation and water connection is included in Total Contract Price
- Home Improvement will be made if the house/unit is turned over to the buyer
In house Financing
Initial Requirements for Reservation
- Reservation Fee – Cash or Check
- Photocopy of 2 Gov’t Valid ID (with 3 specimen signature)
- Filled up and Signed Buyer’s Information Sheet (BIS)
- Signed Reservation Agreement (RA)
- Certificate of Employment with Compensation (COEC/1mos Payslip)
- For OFW (Job Contract/COEC)
Note:
- Provide requirements listed above, No Requirement – No Reservation
- If the buyer is not available, just send us a scan copy of valid ID with 3 specimen signature and signed BIS and RA.
How to Purchase Amanda Model
Here are the steps in buying:
1 – Inquire and know the:
- Location
- House Details
- Price and computation
- Monthly Equity
- Monthly Amortization
- Required Monthly Salary
- Housing Loan Requirements
- House Finishes of actual Turn over
- When is the turn over date
2 – Actual Site Visit
Schedule a house viewing and FREE site tripping we have service vehicles to get you to our designated pick up locations, as a Real Estate Seller we professionally suggest to visit the actual location before reservation.
3 – Reservation Process
Choose the block and lot, sign Reservation Agreement and fill up Buyers Information Sheet and submit initial requirement and pay the reservation fee.
4 – Down Payment Schedule
Start paying the monthly equity 30 days after officially reserve. Follow the monthly equity payment schedule (due date) given during reservation.
5 – Loan Process & Requirements
The developer will process the loan during down payment period. It is important/required that all loan documents are submitted within 90 days. There are no hidden charges, no move-in fees.
6 – Amortization for Bank Financing or Inhouse Financing
Loan will be process with the bank after paying the full down payment. Once your loan is approved, you will sign Bank Loan Documents, then after 30 days your monthly amortization will start with the Bank.
7 – House Inspection
After full down payment is paid and your loan is takeout by the bank, you will receive notice from the developer for the schedule of house inspection. We guarantee agents assistance in house inspection period.
8 – House Turnover & Move-In
After inspection process, you can now accept the house and you can now move in to your brand new house and lot.
Buyers Qualification for Bank Loan
Age – Must be 21 years old (loan maturity for OFW 60yrs old, loan maturity for locally employed 65years for bank financing)
Citizenship – You must be a Filipino citizen.
- if you are currently a citizen of other country and holding a foreign passport you are required to apply for DUAL citizenship before you can purchase a property.
Civil Status
- Single or Married
- If separated – must provide legal separation paper
Legal Cases – No criminal records or no ongoing criminal or legal case.
Bank Cases -No Bank Foreclosed Property
-No Car Repossessed
Unpaid Credit Card – Must settle/pay the unpaid credit card and get Clearance or Certificate of Full Payment from the Credit Card Company to be able to qualify for Bank Can still purchase.
Work
- Locally employed -presently working in the company for at least 2 years
- Self Employed (business) – must provide AFS and ITR 3 years and business registration and permits.
- OFW – not working in war-torn countries.
Salary or Income – If the salary is not sufficient for the required income you will need a co-maker or co-borrower.
Housing Loan Requirements
Housing loan requirements for Single or Married Locally Employed or OFW buyers:
- 1×1 ID Picture
- Photocopy of 2 Gov’t Valid ID (with 3 specimen signature)
- Birth Certificate (if Single)
- Marriage Contract (if Married)
- Certificate of No Marriage (CENOMAR) (if Single)
- Certificate of Employment with Compensation (COEC)
- Tax Identification Number (TIN)
- 3 Months Latest Pay Slip
- Income Tax Return (ITR) – for locally employed only. Not required if OFW.
- Latest Proof of Billing
- Postdated Checks
- If OFW – Job Contract
Housing Loan requirements for Self Employed/Business Owner
- ITR for the last 3 years
- Audited Financial Statements for the last 3 years
- Business Permit, DTI or SEC Registration
- Photocopy of 6 months Bank Statement
