Catherine

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LANCASTER ESTATES – CATHERINE TOWNHOUSE MODEL

Catherine Townhouse, Kensington Village, Lancaster Estates

Floor Area: 50 sqm
Lot Area: 50 sqm
Townhouse
3 Bedroom
2 Toilet and Bath
1 Carport
With Terrace

Low Down Payment of Php 7,973/mo for 15 mos. Low Monthly Amortization of Php 8,754/mo. through Bank Financing - 20 yrs.

STATUS: For Construction (16th to 18th month Move-in)

Catherine Townhouse - Affordable yet cozy 3 Bedroom unit with a modern facade and terrace. With its accessible location that is set amidst a flourishing estate development at a price within your reach, you don't need to think twice about getting a Catherine townhouse model for your loved ones!

Features

HOUSE FEATURES

Floor Area: 50 sq. m.

Lot Area: 50 sq. m.

Three (3) Bedrooms

2 Toilet and Bath

Living Area

Kitchen Area

Dining Area

Laundry / Service Area

Provision for one (1) Car Garage

Provision for Front Lawn

Provision for Balcony

Provision for CATV

HOUSE FINISHES

Pre-Painted G.I. Sheets

Steel Casement Windows

Pre-Cast Panel System

Painted Exterior and Interior Walls Floor Cement Finish

Tiled Kitchen Counter

Tiled Bathroom Flooring Water Closet

GROUND FLOOR

Living and Dining Area - 11.60 sqm (124.80 sq.ft)

Kitchen Area - 3.50 sqm (37.65 sq.ft)

Bedroom 1 - 6.00 sqm (64.55 sq.ft)

Toilet and Bath - 2.00 sqm (21.52 sq.ft)

SECOND FLOOR

Master's Bedroom - 9.40 sqm (101.13 sq.ft)

Bedroom 2 - 6.40 sqm (68.85 sq.ft)

Toilet and Bath - 3.40 sqm (36.58 sq.ft)

Stairway Area - 8.00 sqm (86.06 sq.ft)

Photos

Dressed-up Models

Turn-over Photos

Sample Computations

SAMPLE COMPUTATIONS:

Option 1: Bank | In-House Financing (12.5% Down Payment)

PRICE STARTS AT PHP 960,000.00 AND UP (Updated Dec. 04, 2011)

TERMS	BANK FINANCING	IN-HOUSE FINANCING
	12.5% DP	24 Months DP
Selling Price	Php 960,000.00	Php 960,000.00
Add: Legal and Misc Fees	Php 76,800.00	Php 43,200.00
Total Package Price	Php 1,036,800.00	Php 1,003,200.00
Down Payment	Php 129,600.00 (12.5%)	Php 300,260.00 (30%)
Less: Reservation	Php 10,000.00	Php 10,000.00
Net Down Payment	Php 119,600.00	Php 290,260.00
Monthly DP	Php 7,973.33 (15mos)	Php 12,094.17 (24mos)
Total Loanable Amt.	Php 907,200.00 (87.5%)	Php 702,240.00 (70%)

Monthly Amortization based on 10% (Indicative Rate Only. Prevailing Bank Rates will Apply):

20yrs.	Php 8,754.68
15yrs.	Php 9,748.82
10yrs.	Php 11,988.71	Php 14,040.00
05yrs	Php 19,275.32	Php 17,832.28

NOTE:

MRI and FIRE Insurance not included.
Move-in after 15th month.
Monthly Amortization payments will a month after the last Down Payment.
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 15yrs and locally employed is up to 20yrs.
Developer will process loan. Tied up with MBTC.
Bank maximum approved amount will depend on salary & age (loan maturity is 65 yrs.)

Option 2: Cash Payment Scheme

(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)
PRICE STARTS AT PHP 960,000.00 AND UP

Typical Selling Price	Php 960,000.00
Less: Reservation Fee	Php 10,000.00
Selling Price Net of Reservation Fee	Php 950,000.00
10% Discount within 7 days from the date of reservation	Php 855,000.00
9.5% Discount within 8 to 30 days from the date of reservation	Php 859,750.00
9% Discount within 31 to 60 days from the date of reservation	Php 864,500.00
8.5% Discount within 61 to 90 days from the date of reservation	Php 869,250.00

NOTE:

Transfer of Title cost not included.
Processing fees not yet included in the computation. (4.5% of Selling Price)
Processing fees includes One year Advance Real Property Tax & Insurances,

In-house processing will be processed by the Developer. Buyer just need to submit requirements

Getting a Diana Townhouse is as EASY as 1-2-3

(1) Reservation

(2) Submission of Documents

(3) House Turn-Over

Call Edward to schedule for a site viewing.

Choose a BLOCK and LOT, then pay the Reservation.

Buyer's Counseling to know your Rights and Responsibilities.

Buyers are given 60 days from Reservation to Submit the documents.

Lists of Requirements can be found in the "button" below.

Bank and In-House forms are provided.

Buyer's are given 60 days from Notice of Completion to inspect their unit.

Upon acceptance. Buyer can Move-In to their new unit.

Requirements

Catherine Townhouse Bank Financing Guidelines (MBTC, starting Nov 10, 2011)

Now, applying for a housing loan is easy and simple. As long as you’re working, you’re qualified. We are accredited with METROBANK AND TRUST COMPANY (MBTC). Developer will process your bank loan. Just submit required documents within 60 days from Date of Reservation.

General Requirements

Duly Filled-up Bank Form
3 pcs. ID picture (husband/wife/SPA)
Marriage Contract when applicable
Photocopy of two (2) Valid IDs (Husband/Wife/SPA)
Tax Account No. (TIN)
Proof of Billing here in the Philippines (Meralco, Manila Water, PLDT, Globe, etc.)

Note: Bank Forms will be provided upon Reservation.

OFWs who are unable to personally sign bank loan documents must submit Three (3) copies Consularized Special Power of Attorney (SPA) designating their representative (must be a relative up to the 2nd degree of consanguinity or affinity)

Eligibility Requirements

At least 21 years old but not more than 65 years old upon loan maturity.
Must have no adverse credit findings with CMAP & NFIS
NO default in monthly DP payments for 3 consecutive months and/or must not have incurred delays in payments of 5 months or more within the 15-month DP Term.
Locally employed applicants must submit latest ITR/W2.

If Locally Employed

Latest Income Tax Return (ITR)

Note:
The income stated in the Income Tax Return will not be the basis of loan approval. This is just to comply a Central Bank requirement.

Credit Evaluation Process

Subject only to CMAP/NFIS (Negative File Info System) and
Personal Data/Residence and Neighborhood checking (PDRN)
Verification of Income is waived.

Note:

Client must not have legal cases, bad credit card record that result in a legal case or previous bank loan that were not paid.

Downpayment Term

15 Months
4 Months for Ready For Ocupancy (RFO) Units

Move-in

16th to 18th month from date of Reservation
5th to 7th month from date of Reservation for Ready For Occupancy (RFO) Units

Maximum Loan Term

20 Years, provided borrower’s age does not exceed 65 at loan maturity

Mode of Payment

The twelve point five percent (12.5%) DP shall be paid in 15 (or 4 for RFO Units) equal monthly installments through post-dated checks (PDCs) payable to to Property Company of Friends, Inc. (PCFI)

Loan Value

87.5% of Total Contract Price

Interest

Prevailing Bank Rate will apply on the time of loan take-out.
10% P.A. Fixed for 3 Years; Annual re-pricing thereafter

If Overseas Filipino Worker (OFW) – Metrobank

Three (3) copies Consularized Special Power of Attorney (SPA) (Bank Form)

Note:

Consularized SPA is a MUST requirement when transferring Certificate of Title to Client’s name.
This is required by the Register of Deeds.

Credit Evaluation Process

Subject only to CMAP/NFIS (Negative File Info System) and
Personal Data/Residence and Neighborhood checking (PDRN)
Photocopy of Contract or Certificate of Employment with Compensation.

Note:

Client must not have legal cases, bad credit card record that result in a legal case or previous bank loan that were not paid.

Eligible Age of Borrower - Metrobank

21 yrs old and up
If Overseas Filipino Worker (OFW), must not be more than 60 yrs. old when loan matures (fully paid)

Eligible Occupation For OFW

If Immigrant or Dual Citizen, borrower is required to have a co-borrower (regardless of income), who is an immediate family member residing in the Philippines.
Overseas Filipino Worker (OFW) working in war-torn countries shall not be accepted. Copy of Latest Passport with date of departure and arrival.

Maximum Term

MBTC: OFW – 15 yrs

Mode of Payment

MBTC: Automatic Debit Arrangement from Bank account

Loan Value

MBTC: 87.5% of Total Contract Price

Interest Fixing

Prevailing Bank Rate will apply on the time of loan take-out.
MBTC: 10 yrs. at 10.5% (reference only). Amortization is the same for 10 yrs.

Note: After 5 or 10 yrs, loan balance will be recomputated again base on prevailing interest rate.

Catherine Townhouse Requirements for In-House Financing

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

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Catherine

Features

HOUSE FEATURES

HOUSE FINISHES

GROUND FLOOR

SECOND FLOOR

Photos

Dressed-up Models

Turn-over Photos

Sample Computations

SAMPLE COMPUTATIONS:

Requirements

Catherine Townhouse Bank Financing Guidelines (MBTC, starting Nov 10, 2011)

Catherine Townhouse Requirements for In-House Financing

Edward Manalo