An Artist Rendetion of Millbrae Estates Single Attached Houses.
Comparative Sample Computation – Bank & Inhouse Financing
Status: Pre-selling. Estimated house delivery: May 2013
|Lot Area:||113 sqm.||114 sqm.||118 sqm.||120 sqm.||123 sqm.||126 sqm.||131 sqm.||136 sqm.||143 sqm.|
|Floor Area:||149 sqm.|
|150 sqm.||151 sqm.||160 sqm.||175 sqm.||159 sqm.||171 sqm.||185 sqm.|
|Lot Type:||Inner Lot|| Inner Lot|| Inner Lot|| Corner Lot|| Inner Lot|| Inner Lot|| Inner Lot|| End Lot|| End Lot|
|Available Units:|| 2|| 2|| 2|| 2|| 2|| 2||2|| 4|| 2|
|Total Contract Price|| 5,784,569.64|| 5,927,143.24|| 5,996,798.38|| 5,952,025.80|| 6,329,617.50|| 6,799,783.78||6,425,952.09|| 6,837,378.63|| 7,341,296.32|
|20% Down-payment||1,156,913.93|| 1,185,428.65||1,199,359.68||1,190,405.16||1,265,923.50||1,359,956.76||1,285,190.42||1,367,475.73||1,468,259.26|
|less: Reservation Fee|| 50,000.00|| 50,000.00|| 50,000.00|| 50,000.00|| 50,000.00|| 50,000.00|| 50,000.00|| 50,000.00|| 50,000.00|
|12 mos. Down-payment|| 92,242.83|| 94,619.05|| 95,779.97|| 95,033.76|| 101,326.96|| 109,163.06|| 102,932.53|| 109,789.64|| 118,188.27|
| || || || || || || || || || |
| 4,627,655.71|| 4,741,714.59|| 4,797,438.70|| 4,761,620.64|| 5,063,694.00|| 5,439,827.02|| 5,140,761.68|| 5,469,902.91|| 5,873,037.06|
| || || || || || || || || || |
|Inhouse Financing: 18% interest to start after 12 months downpayment.|
| || || || || || || || || || |
|Bank Financing: 10% interest per year. Amortization starts after loan take-out.|
|15 years @ 10% || 49,729.03|| 50,954.71|| 51,553.52|| 51,168.62|| 54,414.71|| 58,456.66|| 55,242.89|| 58,779.86|| 63,111.96|
Requirements to Submit for Housing Loan – Bank & Inhouse Financing
1. Properly accomplished Buyer’s Information Sheet
2. Photocopy of valid ID/government issued (e.g. driver’s license, passport, SSS, TIN,etc.)
3. Special Power of Attorney (SPA), (if working abroad )
4. For Attorney-In-Fact, photocopy of valid ID card
5. Signed Authorization letter for Meralco application
6. Community Tax Certificate or Cedula. OFW are exempted.
7. Tax Identification Number (TIN) Should be given before 1st Monthly DP.
1. Properly accomplished Bank Application Form with ID pictures
2. Certificate of Employment and Compensation / Contract / Business Permit – for Self Employed
3. Photocopy of Marriage Contract, if applicable
4. Latest Payslip (2 months) / Financial Statement and 6 mos Bank Statement-for self employed (OFW are exempted)
5. Photocopy of ID and Residence Certificate (Cedula)
6. Income Tax Return for the last two (2) years (for locally employed or Self employed only. OFW are exempted)
7. If working abroad, SPA
1. Initial of Twelve (12) post dated checks
2. Contract to Sell
3. Proof of income of either buyer or spouse
4. Properly accomplished MRI application form
Special and Unique Features of Millbrae Estates
- Synthetic granite flooring at the Ground Floor; Ceramic tiles at the 2/F
- Aluminum powder coated sliding windows
- Hardiflex board for exterior/interior ceiling on metal furring
- Stainless kitchen sink on granite countertop
- Floor to ceiling ceramic tiles at T&B
- Light colored bathroom fixtures
- PPR Pipe water system
- CHB 5” Exterior wall/ CHB 4“ Interior wall
- Colored roofing on steel framing
- 4 Bedrooms with Modular Cabinets/Maid’s room
- 3 Toilet
- All rooms equipped with telephone and cable TV lines
- 2 car garage; Fence & gate included in the package
- Bank financing are housing loans extended directly by accredited banks or your bank.
- You may apply the balance amount with your own bank. No pretermination fee if you decide to use your own bank.
- Standard bank requirements will apply. Please see requirements below. Buyer will pay the amortization with the Bank.
- Developer’s office will process your loan with these accredited banks: Union Bank and Banco de Oro.
- Interest rate of 10% as used in the computation is for reference only. Actual rate will apply upon loan take-out.
- Maximum term is only 15 yrs. Longer terms will be subject for Bank approval.
- Applicants working in war-torn countries will not be accepted.
House Interiors – Dressed-up Unit
Granite tile finish on ground floor. Steel railings with granite tiles on stairway
Kitchen has modular cabinet (cupboard & below sink) as seen in this photo.
Living area is spacious too where Buyer can choose color on wall.
clubhouse, Swimming Pool Area
Site Development Plan
- Elegant entrance gate
- Clubhouse and pool
- Basketball court
- 24-hour security with CCTV
Location and Vicinity Map
How to Get There:
Route 1 – Alabang via Service Road of South Luzon Expressway
Route 2 – Makati thru Edsa via Service Road of South Luzon Expressway.
Route 3- Sucat Exit via Service Road of South Luzon Expressway
Sm Bicutan – 1.2 km
Airport – 5.1 km
The Fort – 8.2 km
SM Makati – 8.5 km
Moa – 9.0 km
Robinson galleria – 13.0 km
FREQUENTLY ASKED QUESTIONS
How much is the Reservation Fee?
Reservation fee is Php50,000.00. It is strictly NON-REFUNDABLE. Reservation Fee is automatically cancelled if NO DP is made w/in 30 days.
Is Reservation Fee transferable?
Yes. Transfer of Reservation Fee from one unit to another shall be charged an additional fee of Php5,000.00.
What are included in the Total Contract Price?
Total Contract Price includes the following:
* Transfer & registration of title
* Processing Fees
* Realty tax is included in the package prior to signing of Contract to Sell (CTS).
Should there be Ready for Occupancy Units (RFO), a Spot 10% DP maybe allowed so Client can move-in right away.
PDC checks is required for downpayment. The 90% balance will be Inhouse Financed while being applied with Bank.
What are the Discounts for Downpayments?
* 5% discount for Spot Payment of 20% DP – (if paid within 30 days from Reservation & base on DP amount)
* 7% discount for Spot Payment of 30% DP – (if paid within 30 days from Reservation & base on DP amount)
* Zero Interest if balance is paid within one (1) year.
What are the Discounts for Full Payment of Total Contract Price?
* 7% discount for Full Payment of TCP – (if paid within 30 days from Reservation & base on TCP amount)
- Discounts are applicable only for non-RFO (Ready for Occupancy) units.
- No discount for Ready for Occupancy units.
Is there MOVE-IN Fees?
Yes. Amount will be announced later. Pay when you move-in.
What are Move-in Fees for?
Move-in fees will be used to pay for Meralco electric and Maynilad water installations & connections, One time Association membership and One (1) Year Advance Monthly Dues.
When can I move-in or transfer to my reserved unit?
For Inhouse Financing: After full payment of DP and full submission of required documents.
For Bank Financing: After loan take-out (Bank has paid the Developer)
Can Client request revisions on the house while in construction period?
NO. Developer will not allow Client to make revisions during construction period.
House must be turn-over and accepted first before Client is allowed to make revisions.
Can Buyer choose colors for living room and all bedrooms?
Yes. Buyers have the option though to choose paint colors for the interiors (living room, kitchen, bedroom).
Can I apply the balance amount with PAGIBIG?
Yes. Client will apply and process personally the loan with PAGIBIG. DP required will be 30% – 40%.
Note: Standard forms for Client signature like Contract to Sell will be supplied by Developer.
Buying is simple and easy. Contact us for free guidance and assistance. Grab the last few units!
For Free House Viewing & Tripping:
Mr. ELY JUMAWAN
FOR SALE: HOUSE AND LOT,CONDOMINIUMS, LOT ONLY
. Smart: 0929-8908201
. Globe: 0915-8559372
. Email add: email@example.com