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Amaresa 2 - Payment Terms

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This presentation will discuss about the payment terms available for Amaresa 2 properties.

You will know what are the financing options of the client when purchasing a house and lot, the commission milestone and others.

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Amaresa 2 - Payment Terms

  1. 1. RESERVATION FEE ☻☻ASHAASHA : P 15,000: P 15,000 ☻☻KAYLA BASICKAYLA BASIC : P: P 20,00020,000 ☻☻KAYLA PLUSKAYLA PLUS : P 20,000: P 20,000 ☻☻KAYLA PRIMEKAYLA PRIME : P 20,000: P 20,000 ☻☻ARYA BASIC/PRIME : P 20,000ARYA BASIC/PRIME : P 20,000 ☻AMARA PRIME☻AMARA PRIME : P 30,000: P 30,000 ☻☻AMARA EXPANDEDAMARA EXPANDED : P: P
  2. 2. MISCELLANEOUS FEES • IN-HOUSE FINANCING - included in TCP (for DST, Transfer Tax Fee, RD Reg. Fees, and other fees to transfer the TCT to buyer’s name) • BANK FINANCING - included in TCP (for DST, Transfer Tax Fee, RD Reg. Fees, Bank charges & fees – Mortgage Reg., Processing Fees, and other fees to transfer the TCT to buyer’s name) - commission will be based on Total Selling Price (Net of MF)
  3. 3. IN-HOUSEIN-HOUSE FINANCINGFINANCING
  4. 4. SPOT CASHSPOT CASH ☻☻RESERVATION FEERESERVATION FEE 90%☻90%☻ SPOTSPOT ♥♥ 3% discount3% discount on theon the TCPTCP - paid within- paid within 30 days from reservation30 days from reservation 10%10% RETENTIONRETENTION ( TCT available )( TCT available )
  5. 5. DEFERRED CASH – 0% interestDEFERRED CASH – 0% interest ☻☻RESERVATION FEERESERVATION FEE ☻☻BALANCEBALANCE - payable in:- payable in:  30 months for Asha, Kayla & Arya house model30 months for Asha, Kayla & Arya house model  36 months for Amara house model36 months for Amara house model
  6. 6. SPOT DOWNPAYMENTSPOT DOWNPAYMENT ☻☻RESERVATION FEERESERVATION FEE ☻☻20% to 50% DOWNPAYMENT20% to 50% DOWNPAYMENT ♥♥ 3%3% discount on the DPdiscount on the DP – paid within 30 days from reservation– paid within 30 days from reservation
  7. 7. IN-HOUSE FINANCING – 5 YEARSIN-HOUSE FINANCING – 5 YEARS ☻☻RESERVATION FEERESERVATION FEE ☻☻DOWNPAYMENT –DOWNPAYMENT – 20% or 30% downpayment20% or 30% downpayment payable in 18 months without interestpayable in 18 months without interest ☻☻BALANCEBALANCE –– 80% or 70% balance payable in 580% or 70% balance payable in 5 years at 15% interest per annumyears at 15% interest per annum *** factor rate – 0.02502993 ****** factor rate – 0.02502993 ***
  8. 8. IN-HOUSE FINANCING – 10 YEARSIN-HOUSE FINANCING – 10 YEARS ☻☻RESERVATION FEERESERVATION FEE ☻☻DOWNPAYMENT –DOWNPAYMENT – 20% or 30% downpayment20% or 30% downpayment payable in 18 months without interestpayable in 18 months without interest ☻☻BALANCEBALANCE – 80% or 70% balance payable in 10– 80% or 70% balance payable in 10 years at 17% interest per annumyears at 17% interest per annum ***factor rate – 0.01861977 ******factor rate – 0.01861977 ***
  9. 9. COMPUTATION:COMPUTATION: TERMTERM : 20% DP payable in 18 mos.: 20% DP payable in 18 mos. 80% balance payable in 5 years or 10 years80% balance payable in 5 years or 10 years HOUSE MODELHOUSE MODEL :: ASHAASHA TSP OF H&LTSP OF H&L : 1,765,000.00: 1,765,000.00 TCP OF H&L w/ MF : 1,844,425.00TCP OF H&L w/ MF : 1,844,425.00 20% DOWNPAYMENT: 368,885.0020% DOWNPAYMENT: 368,885.00 less Res Feeless Res Fee : 15,000.00: 15,000.00 BALANCE DPBALANCE DP : 353,885.00: 353,885.00 18 MONTHLY DP18 MONTHLY DP : 19,660.28 per month: 19,660.28 per month 80% BALANCE80% BALANCE : 1,475,540.00: 1,475,540.00 PAY FOR 5 YEARSPAY FOR 5 YEARS :: 36,932.66 per month36,932.66 per month ( 0.02502993)( 0.02502993) PAY FOR 10 YEARSPAY FOR 10 YEARS :: 27,474.22 per month27,474.22 per month (( 0.01861977)0.01861977)
  10. 10. BANK FINANCINGBANK FINANCING SAMPLESAMPLE COMPUTATIONCOMPUTATION ( HOUSE & LOT( HOUSE & LOT ))
  11. 11. BANK FINANCINGBANK FINANCING ☻☻RESERVATION FEERESERVATION FEE ☻☻20%20% DOWNPAYMENTDOWNPAYMENT payable in 18 months without interestpayable in 18 months without interest ☻☻80%80% BALANCEBALANCE – payable in– payable in a.) 5 years 7.50% int. 0.02003795a.) 5 years 7.50% int. 0.02003795 b.) 10 yearsb.) 10 years 9.50% int. 0.012939769.50% int. 0.01293976 c.) 15 yearsc.) 15 years 10.00% int 0.0107460510.00% int 0.01074605 d.)d.) 20 years20 years 11.00% int11.00% int 0.010321880.01032188 Note: Pricelist indicates 7.00% fixed for 3 yrs.Note: Pricelist indicates 7.00% fixed for 3 yrs.
  12. 12. TERMTERM : 20% DP payable in 18 mos.: 20% DP payable in 18 mos. 80% balance payable in 5,10,15 & 20 years80% balance payable in 5,10,15 & 20 years MODEL HOUSEMODEL HOUSE : ASHA: ASHA TSP OF H&LTSP OF H&L : 1,765,000.00: 1,765,000.00 TCP OF H&L w/ MF : 1,879,725.00TCP OF H&L w/ MF : 1,879,725.00 20% DOWNPAYMENT20% DOWNPAYMENT : 375,945.00: 375,945.00 less Res Feeless Res Fee : 15,000.00: 15,000.00 BALANCE DPBALANCE DP : 360,945.00: 360,945.00 18 MONTHLY DP18 MONTHLY DP : 20,052.50 per month: 20,052.50 per month 80% BALANCE80% BALANCE : 1,503,780.00: 1,503,780.00 PAY FOR 5 YRS @ 7.50%PAY FOR 5 YRS @ 7.50% : 30,132.67 per month (0.02003795): 30,132.67 per month (0.02003795) PAY FOR 10 YRS @ 9.50% : 19,458.55 per monthPAY FOR 10 YRS @ 9.50% : 19,458.55 per month (0.01293976)(0.01293976) PAY FOR 15 YRS @10.00% : 16,159.70 per monthPAY FOR 15 YRS @10.00% : 16,159.70 per month (0.01074605)(0.01074605) PAY FOR 20 YRS @11.00% : 15,521.84 per monthPAY FOR 20 YRS @11.00% : 15,521.84 per month (0.01032188)(0.01032188)
  13. 13. LIST OF REQUIREDLIST OF REQUIRED DOCUMENTS FOR SALESDOCUMENTS FOR SALES RECOGNITIONRECOGNITION IN-HOUSE FINANCINGIN-HOUSE FINANCING (STAGES 1 – 4)(STAGES 1 – 4)
  14. 14. STAGE 1 : RESERVED SALESTAGE 1 : RESERVED SALE • Documents 1-6 should be submitted to guarantee reservation of unitDocuments 1-6 should be submitted to guarantee reservation of unit 1.1. Full Reservation Fee ( Cash or Dated Check )Full Reservation Fee ( Cash or Dated Check ) 2.2. Buyer’s Information SheetBuyer’s Information Sheet 3.3. Reservation AgreementReservation Agreement 4.4. Photocopy of two (2) Valid Gov’t IDsPhotocopy of two (2) Valid Gov’t IDs ☻☻ Driver’s LicenseDriver’s License ☻☻ PassportPassport ☻☻ PRC IDPRC ID ☻☻ SSS IDSSS ID ☻☻ Postal IDPostal ID ☻☻ TIN IDTIN ID
  15. 15. 5.5. Proof of billingProof of billing  MeralcoMeralco ******Certification LetterCertification Letter  PLDTPLDT and Valid ID of Owner ***and Valid ID of Owner ***  Credit cardCredit card  Water billWater bill  Cellphone SOACellphone SOA 5.5. Proof of incomeProof of income A.A. If LOCALLY EMPLOYEDIf LOCALLY EMPLOYED 1.1. Latest 3 months payslip or COECLatest 3 months payslip or COEC *** 35% of GMI (Gross Monthly Income) ****** 35% of GMI (Gross Monthly Income) ***
  16. 16. B. OFWB. OFW 1. Job Contract or COEC with English Translation1. Job Contract or COEC with English Translation (stating salary, position, length of service) or 3(stating salary, position, length of service) or 3 mos. payslipmos. payslip 2. Photocopy of (2) Valid IDs of AIF2. Photocopy of (2) Valid IDs of AIF 3. BIS of AIF3. BIS of AIF C. IF SELF-EMPLOYEDC. IF SELF-EMPLOYED 1. Cert. of Registration (DTI Registration) or1. Cert. of Registration (DTI Registration) or Business PermitBusiness Permit 2. Bank Statement (Latest 3 mos.) or ITR2. Bank Statement (Latest 3 mos.) or ITR
  17. 17. STAGE 2 : CLOSED SALESTAGE 2 : CLOSED SALE • For submission 7 – 30 days upon approval of saleFor submission 7 – 30 days upon approval of sale 1.1. Tax Identification NumberTax Identification Number 2.2. Sketch of Present AddressSketch of Present Address 3.3. 1 x 1 photo (3 pcs.)1 x 1 photo (3 pcs.) 4.4. If single: BIRTH CERTIFICATEIf single: BIRTH CERTIFICATE 5.5. If married: Marriage CertificateIf married: Marriage Certificate 6.6. COMPLETE POST DATED CHECKS FORCOMPLETE POST DATED CHECKS FOR DOWNPAYMENTDOWNPAYMENT
  18. 18. 7. Proof of Income:7. Proof of Income: A. If Locally employedA. If Locally employed a.1 Latest COEC (stating rank/position, length ofa.1 Latest COEC (stating rank/position, length of service and salary) or Latest ITRservice and salary) or Latest ITR B. OFWB. OFW b.1 Latest Job Contract or COEC with English Translationb.1 Latest Job Contract or COEC with English Translation b.2 Latest 3 mos. Bank Statementb.2 Latest 3 mos. Bank Statement b.3 Notarized Special Power of Attorneyb.3 Notarized Special Power of Attorney C. FOR SELF-EMPLOYEDC. FOR SELF-EMPLOYED c.1 Latest ITR or BIR Audited Financial Statementc.1 Latest ITR or BIR Audited Financial Statement c.2 Certificate of Registration of Business Name (DTI Registration)c.2 Certificate of Registration of Business Name (DTI Registration) c.3 Business Permitc.3 Business Permit
  19. 19. STAGE 3 : DEVELOPER’S DOCUMENTSSTAGE 3 : DEVELOPER’S DOCUMENTS ( whichever is applicable )( whichever is applicable ) 1.1. Contract to Sell / Deed of Absolute SaleContract to Sell / Deed of Absolute Sale 2.2. Deed of RestrictionsDeed of Restrictions 3.3. Insurance QuestionaireInsurance Questionaire 4.4. Other documents to be required by theOther documents to be required by the developer from the buyerdeveloper from the buyer
  20. 20. STAGE 4: BEFORE FULL DOWNPAYMENTSTAGE 4: BEFORE FULL DOWNPAYMENT 1.1. 36 MONTHS PDC’s for M.A.36 MONTHS PDC’s for M.A. 2.2. Any Latest Proof of Income (3 months payslipAny Latest Proof of Income (3 months payslip or COEC, or ITR)or COEC, or ITR)
  21. 21. LIST OF REQUIREDLIST OF REQUIRED DOCUMENTS FOR SALESDOCUMENTS FOR SALES RECOGNITIONRECOGNITION BANK FINANCINGBANK FINANCING (STAGES 1 – 3)(STAGES 1 – 3)
  22. 22. STAGE 1 : RESERVED SALESTAGE 1 : RESERVED SALE • Documents 1-6 should be submitted to guarantee reservation of unitDocuments 1-6 should be submitted to guarantee reservation of unit 1.1. Full Reservation Fee ( Cash or Dated Check )Full Reservation Fee ( Cash or Dated Check ) 2.2. Buyer’s Information SheetBuyer’s Information Sheet 3.3. Reservation AgreementReservation Agreement 4.4. Photocopy of two (2) Valid Gov’t IDsPhotocopy of two (2) Valid Gov’t IDs ☻☻ Driver’s LicenseDriver’s License ☻☻ PassportPassport ☻☻ PRC IDPRC ID ☻☻ SSS IDSSS ID ☻☻ Postal IDPostal ID ☻☻ TIN IDTIN ID
  23. 23. 5.5. Proof of billingProof of billing  MeralcoMeralco ******Certification LetterCertification Letter  PLDTPLDT and Valid ID of Owner ***and Valid ID of Owner ***  Credit cardCredit card  Water billWater bill  Cellphone SOACellphone SOA 5.5. Proof of incomeProof of income A.A. If LOCALLY EMPLOYEDIf LOCALLY EMPLOYED 1.1. Latest 3 months payslip or COECLatest 3 months payslip or COEC *** 35% of GMI ( Gross Monthly Income ) ****** 35% of GMI ( Gross Monthly Income ) ***
  24. 24. B. OFWB. OFW 1. Job Contract or COEC with English Translation1. Job Contract or COEC with English Translation (stating salary, position, length of service) or 3(stating salary, position, length of service) or 3 mos. payslipmos. payslip 2. Photocopy of (2) Valid IDs of AIF2. Photocopy of (2) Valid IDs of AIF 3. BIS of AIF3. BIS of AIF C. IF SELF-EMPLOYEDC. IF SELF-EMPLOYED 1. Cert. of Registration (DTI Registration) or1. Cert. of Registration (DTI Registration) or Business PermitBusiness Permit 2. Bank Statement (Latest 3 mos.) or ITR2. Bank Statement (Latest 3 mos.) or ITR
  25. 25. STAGE 2 : CLOSED SALESTAGE 2 : CLOSED SALE • For submission 7 – 30 days upon approval of saleFor submission 7 – 30 days upon approval of sale 1.1. Tax Identification NumberTax Identification Number 2.2. Sketch of Present AddressSketch of Present Address 3.3. 1 x 1 photo ( 3 pcs. )1 x 1 photo ( 3 pcs. ) 4.4. If single: BIRTH CERTIFICATE & CENOMARIf single: BIRTH CERTIFICATE & CENOMAR 5.5. If married: Marriage CertificateIf married: Marriage Certificate 6.6. POST DATED CHECKS FOR DOWNPAYMENTPOST DATED CHECKS FOR DOWNPAYMENT
  26. 26. 7. Proof of Income:7. Proof of Income: A. If Locally employedA. If Locally employed a.1 Latest COEC (stating rank/position, length ofa.1 Latest COEC (stating rank/position, length of service and salary)service and salary) a.2 Latest ITRa.2 Latest ITR B. OFWB. OFW b.1 Latest Job Contract or COEC with English Translationb.1 Latest Job Contract or COEC with English Translation b.2 Latest 3 mos. Bank Statementb.2 Latest 3 mos. Bank Statement b.3 Notarized Special Power of Attorneyb.3 Notarized Special Power of Attorney C. FOR SELF-EMPLOYEDC. FOR SELF-EMPLOYED c.1 Latest ITR and BIR Audited Financial Statementc.1 Latest ITR and BIR Audited Financial Statement c.2 Certificate of Registration of Business Name (DTI Registration)c.2 Certificate of Registration of Business Name (DTI Registration) c.3 Business Permitc.3 Business Permit c.4 Clients & Suppliers (with contact persons, numbers, at least (5) five)c.4 Clients & Suppliers (with contact persons, numbers, at least (5) five)
  27. 27. STAGE 3 : DEVELOPER’S DOCUMENTSSTAGE 3 : DEVELOPER’S DOCUMENTS ( whichever is applicable )( whichever is applicable ) 1.1. Contract to Sell / Deed of Absolute SaleContract to Sell / Deed of Absolute Sale 2.2. Deed of RestrictionsDeed of Restrictions 3.3. Insurance QuestionnaireInsurance Questionnaire 4.4. Other documents to be required by theOther documents to be required by the developer from the buyerdeveloper from the buyer
  28. 28. COMMISSIONCOMMISSION RELEASERELEASE SCHEDULESCHEDULE
  29. 29. A. PAYMENT TERM : SPOT CASHA. PAYMENT TERM : SPOT CASH DESCRIPTIONDESCRIPTION COMMISSIONCOMMISSION RELEASERELEASE DOCUMENTARYDOCUMENTARY REQUIREMENTSREQUIREMENTS 1. Full Reservation1. Full Reservation Fee PaidFee Paid ReservationReservation Commission (RC)Commission (RC) Reserved SaleReserved Sale RequirementsRequirements 2. Balance, Net of2. Balance, Net of 10% Retention10% Retention 100%-RC100%-RC Closed Sale RequirementsClosed Sale Requirements & Developer Documents& Developer Documents Note: Withholding Tax to be deducted on Commission.Note: Withholding Tax to be deducted on Commission.
  30. 30. B. SPOT DP (20% or 30%) ;B. SPOT DP (20% or 30%) ; DEFERRED BALANCEDEFERRED BALANCE DESCRIPTIONDESCRIPTION COMMISSIONCOMMISSION RELEASERELEASE DOCUMENTARYDOCUMENTARY REQUIREMENTSREQUIREMENTS 1. Full Reservation1. Full Reservation Fee PaidFee Paid Reservation CommissionReservation Commission (RC)(RC) Reserved Sale RequirementsReserved Sale Requirements 2. Full Downpayment2. Full Downpayment (85% - RC)(85% - RC) ------ (15% - RC)(15% - RC) Closed Sale Requirements &Closed Sale Requirements & Developer DocumentsDeveloper Documents TOTALTOTAL 100.00%100.00% Note: Withholding Tax to be deducted on Commission.Note: Withholding Tax to be deducted on Commission.
  31. 31. B. SPOT DP (20% or 30%) ;B. SPOT DP (20% or 30%) ; LONG TERM BALANCELONG TERM BALANCE DESCRIPTIONDESCRIPTION COMMISSIONCOMMISSION RELEASERELEASE DOCUMENTARYDOCUMENTARY REQUIREMENTSREQUIREMENTS 1. Full Reservation1. Full Reservation Fee PaidFee Paid Reservation CommissionReservation Commission (RC)(RC) Reserved Sale RequirementsReserved Sale Requirements 2. Full Downpayment2. Full Downpayment (70% - RC)(70% - RC) ------ (30% - RC)(30% - RC) Closed Sale Requirements &Closed Sale Requirements & Developer DocumentsDeveloper Documents TOTALTOTAL 100.00%100.00% Note: Withholding Tax to be deducted on Commission.Note: Withholding Tax to be deducted on Commission.
  32. 32. C. DEFERRED CASHC. DEFERRED CASH DESCRIPTIONDESCRIPTION COMMISSIONCOMMISSION RELEASERELEASE DOCUMENTARYDOCUMENTARY REQUIREMENTSREQUIREMENTS 1. Full Reservation Fee1. Full Reservation Fee PaidPaid Reservation Commission (RC)Reservation Commission (RC) Reserved Sale RequirementsReserved Sale Requirements 2. First Month Paid2. First Month Paid (100% - RC) / 8(100% - RC) / 8 Closed Sale Requirements &Closed Sale Requirements & Developer DocumentsDeveloper Documents 3. Second Month Paid3. Second Month Paid (100% - RC) / 8(100% - RC) / 8 4. Third Month Paid4. Third Month Paid (100% - RC) / 8(100% - RC) / 8 5. Fourth Month Paid5. Fourth Month Paid (100% - RC) / 8(100% - RC) / 8 6. Fifth Month Paid6. Fifth Month Paid (100% - RC) / 8(100% - RC) / 8 7. Sixth Month Paid7. Sixth Month Paid (100% - RC) / 8(100% - RC) / 8 8. Seventh Month Paid8. Seventh Month Paid (100% - RC) / 8(100% - RC) / 8 9. Eighth Month Paid9. Eighth Month Paid (100% - RC) / 8(100% - RC) / 8 TOTALTOTAL 100.00%100.00% Note: Withholding Tax to be deducted on Commission.Note: Withholding Tax to be deducted on Commission.
  33. 33. D. 20% DP; 18 MONTHS TO PAYD. 20% DP; 18 MONTHS TO PAY DESCRIPTIONDESCRIPTION COMMISSION RELEASECOMMISSION RELEASE DOCUMENTARY REQUIREMENTSDOCUMENTARY REQUIREMENTS 1. Full Reservation Fee Paid1. Full Reservation Fee Paid Reservation Commission (RC)Reservation Commission (RC) Reserved Sale RequirementsReserved Sale Requirements 2. 1ST Downpayment Paid2. 1ST Downpayment Paid (100% - RC) / 18(100% - RC) / 18 Closed Sale Requirements & DeveloperClosed Sale Requirements & Developer DocumentsDocuments 3. 2ND Downpayment Paid3. 2ND Downpayment Paid (100% - RC) / 18(100% - RC) / 18 4. 3RD Downpayment Paid4. 3RD Downpayment Paid (100% - RC) / 18(100% - RC) / 18 5. 4TH Downpayment Paid5. 4TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 6. 5TH Downpayment Paid6. 5TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 7. 6TH Downpayment Paid7. 6TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 8. 7TH Downpayment Paid8. 7TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 9. 8TH Downpayment Paid9. 8TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 10. 9TH Downpayment Paid10. 9TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 11. 10TH Downpayment Paid11. 10TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 12. 11TH Downpayment Paid12. 11TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 13. 12TH Downpayment Paid13. 12TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 14. 13TH Downpayment Paid14. 13TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 15. 14TH Downpayment Paid15. 14TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 16. 15TH Downpayment Paid16. 15TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 17. 16TH Downpayment Paid17. 16TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 18. 17TH Downpayment Paid18. 17TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 36mos. PDC'S for MA & Other Income Docs.36mos. PDC'S for MA & Other Income Docs. 19. 18TH Downpayment Paid19. 18TH Downpayment Paid (100% - RC) / 18(100% - RC) / 18 TOTALTOTAL 100.00%100.00% Note: Withholding Tax to be deducted on Commission.Note: Withholding Tax to be deducted on Commission.
  34. 34. THANK YOU FORTHANK YOU FOR LISTENING….LISTENING…. ☻☻☻☻☻☻ VISIT: innovarerealty.weebly.com Contact: CHRISTOPHER BALBUENA VIBER/GLOBE: 0917.593.2869 SUN: 0922.895.1759

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