Reservation fee is part of your downpayment. So it will be deducted from your DP. It is not refundable. But you can transfer it to another unit location or owner subject to approval. Provided, under same agent and developer. Only Personal Checks, Manager Checks, Credit Card and Cash are accepted as payment.
Your first downpayment will start 30-45 days after you paid your reservation. No overlapping of payments since hindi magsasabay ang pagbabayad ng reservation at first downpayment at amortization. Downpayments can be transferred to another person or unit provided under same agent and Developer. Payments made will be duly credited in the new owner or choosen unit. Partial commission released to Agent, past due penalties and interest incurred and reservation fee will be deducted to payments made. Transfer fee for this transaction is Php3,000.00 to be paid upon approval of request. Approval may take 2 weeks.
The first monthly amortization will immediately start after you have fully paid the downpayment. Again, NO overlapping of payments since hindi magsasabay ang monthly downpayment at monthly amortization.
What are Processing Fees for?
Processing fees are payment for the following:
1. Premiums for the first years coverage-mortgage redemption insurance (MRI) & fire insurance.
2. Real property taxes for one year
3. Blue print of the houseplans (one set)
4. Home Owners Association (HOA) dues for preventive maintinance.
5. Administrative and documentary expences.
6. Title transfer cost (for bank financing only). Inhouse financing do not include Title transfer cost.
Are there hidden charges?
There are NO HIDDEN charges. Profriends does not charge MOVE-IN fees. You will apply for water and Meralco connection after house is turned-over and accepted.
Water System & Supply – Clean, treated deepwell water supply by a private company. Rate is almost same with Maynilad. Estimated time of water connection: 1 week. Estimated total cash-out needed: Php 2,500.00. Will soon be Maynilad supply once their expansion in entire Cavite is completed within 2 years. Estimated cost for water connection is Php3,800.00 (deposit & meter). Timetable is 1 week from application date. Cost may vary depending on choosen project.
Meralco Power Supply – Residencial rate for every residence. Buyer will apply directly with Meralco Office with our guidance. Estimated time of Meralco connection: 3 weeks from application date. Estimated total cash-out for applying: Php 4,000.00.00.
Is required BY PROFRIENDS only if Buyer construct improvement (tiles/fence/balcony) after house is accepted. 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.
Profriends charge pretermination fee of 14% if you decides to loan the Balance or Loanable Amount of Inhouse Financing to Pagibig (Individual Application). You or thru your SPA, will apply the loan with PAGIBIG Office. Profriends will not handle the loan processing. While loan is on process, you will be paying amortization base on INHOUSE computation.
When Can I Move-in?
For BANK Financing – Preselling Houses
1.) On your 15th month after full downpayment 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 24th month will not be allowed.
For IN HOUSE Financing – Ready for Occupancy Houses and Pre-Selling Houses too.
Three (3) mos. after full payment of downpayment and submission of full requirements (docs & postdated checks). No need for loan take-out. If the 80% balance is thru individual Pag-ibig Financing, Move-in only after full payment of downpayment or equity, payment of pretermination fee and Title cost transfer and full submission of requirements.
For Spot Cash Buyers or Spot Full Downpayment
For non-RFO 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.
Profriends will not allow you to move-in or transfer unless ALL REQUIRED DOCUMENTS and POSTDATED CHECKS are fully submitted.
Estimated to starts on your 14th month of downpayment.
House improvement 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.
House improvement for Bank & Pagibig 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 approval from Site Engineer and is allowed to get outside contractor to do the improvement of their unit. Profriends (Developer) do not accept house improvement job.
Homeowners Association varies in each villages. Payment will start immediately once Buyer accepted / receive the key of the house kahit hindi pa siya lumipat or tumira sa bahay. If the monthly homeowner’s dues is not paid on time, this will be included in the water billing once you applied for water connection. This is for the benefit of the village.