ARMEL 8 SUBDIVISION HOUSE & LOT FOR SALE

PROPERTY DESCRIPTION:
TWO (2) STOREY RESIDENTIAL UNITS AT ARMEL 8 SUBDIVISION
BRGY. BANABA, SAN MATEO, RIZAL NEAR PUREGOLD AND SM CITY

GENERAL EPECIFICATIONS:

1. SINGLE ATTACHED UNIT.
2. Three (3) bedroom unit
3. Two (2) toilet & bath
4. One (!) car garage
5. With fence and gate

DIMENSION:

Ground Floor 5.7 x 6.00 meter
Second Floor 6.0 x 6.0 meters
Total Floor Area 70.20 sqm: Ground Floor 34.20 sqm; Second Floor 36 sqm
Lot Area: 80 sqm

PRICE AND TERM OF PAYMENT:

P2.800,000 per unit (for the 3 units) Blk 6 Lot 13, 15, 17
INSTALLMENT SCHEME:
20% Downpayment
A. 80% Balance thru Bank loan
B. 80% Balance payable thru In-House financing - 1 yr to pay with PDC
DISCOUNT ON DOWNPAYMENT:
A. 7% discount if paid within 7 days
B. 5% discount within 30 days
C. NO discount within 60 days
D. DP within 6 to 12 mos to pay with PDC NO Discount

Reservation fee Php25,000

Other Expenses:
a. Misc. and Transfer of Title 6.5% on the Total Contract price
b. Meralco & Water connection

PRICE SAMPLE COMPUTATION THRU IN-HOUSE FINANCING:

Total Contract Price P2,800,000
20% downpayment 560,000
Less: Reservation fee 25,000
Less: 7% Disc if 7 dyas DP 39,200
Net DP 7 days 495,800.00
or
6 equal monthly DP NO Disc. 89,166.66
12 equal monthly DP NO Disc. 44,583.33
80% Balance 2,240,000.00
12 mos to pay No interest 186,666.66
with PDC

* Thru Bank Financing based on current bank interest rate

NOTE: Other charges not included in the Total Contract Price
Bank charges, Transfer of Title, MRI, Fire Insurance, Move-in Fee, (actual computation to follow

DOCUMENTARY BANK REQUIREMENTS FOR HOUSE & LOT PACKAGE:

1. Fully accomplished loan application & MRI Form with photo
2. Original copy of Certificate of Employment with stated salary, Contract No and Company Letterhead. (2 yrs employment required)
3. Photocopy of Contract of Employment
4. Photocopy of 2 valid gov't issued ID's
5. Latest payslips, 3 months
6. Latest ITR , 2 yrs for locally employed
7. Latest Bank Statement, 6 months
8. Proof of Remittance, if OFW
9. Consularized Bank SPA (if abroad)
10. Bank loan subject to bank charges / fee

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