When you choose to purchase any of our listed homes, a down payment (DP) is the money you give to secure the property. It consists of the percentage of Total Selling Price (TSP) and Legal & Miscellaneous fee (LMF). This type of payment comes with no interest. After your initial, reservation fee, the rest can come in as a payoff or installment over a specified period.
Our down payment option is available for two financing methods:
In-house Financing: 20% of the Total Contract Price (TCP).
Bank Financing: 10% of the Total Contract Price (TCP).
Your down payment begins after 30 days from your date of reservation.
If your reservation date is July 23, 2019, your DP will begin on August 23, 2019.
Your down payment can move from your hand or one unit to another. This means you can change the residence you paid for or make someone else the owner. To do that, you have to ensure that you meet the following requirements:
To get your transfer request to us, and to have a seamless operation, the following are what you should provide:
Your transfer request can take up to 3-6 weeks from the day of sending in your request.
No. Regardless of how you respond to your new home payment options, the house completion will follow the duration presented in the Price List.
No, it will only begin after your down payment period.
No. You have to conclude your down payment first before amortization.
No. However, there is a penalty charged to the buyer.
1/10th of one percent.
If your DP is PHP 6,000/mo. Then your penalty will be PHP 6.0/day for each day of delay.
Get an Attorney-in-fact to open one for you.
Visit any of your preferred banks to have that done.
The LMF also known as the processing fee, cost the following:
This payment caters to the following:
We will call you and schedule with you when to pick you up and tour you for your private viewing of your new home and the facilities of Lancaster New City. For free.
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