JADE RESIDENCES IMUS PAYMENT, TERMS AND CONDITION

1.  Available Financing  and Acceptable Payment Scheme:

1. Pagibig  – Developer will process your loan with Pag-ibig
2. Deferred Cash – maximum of 2 years to pay in equal monthly installment without interest.
3. Cash
4. In-House Financing

2.  Reservation Fee – is part of the Total Contract Price

• Reservation fee of P5,000.  Non-refundable
• Accept  Cash and Check only.

3.  Total Contract Price – includes water & Meralco connection & Misc. fees for documentation

4.  Amortization Interest Rate & Terms  –  Amortization is not refundable and not transferable

• Pagibig  –  Monthly amortization is computed at:
• 7% per year.  Fixed rate for 3 yrs.
• Amortization amount is subject to reprising after 3 years as per Pag-ibig policy.
• Amortization amount does not include other fees such as MRI insurance, Pag-ibig monthly contribution, etc.
• The exact monthly amortization will be determined during loan processing.
• Maximum loan term is up to 30 yrs. for OFW and locally employed.

5.  Schedule of Payments

• Reservation Fee – valid for 30 days
• Start of Equity or DP  – 30 days after official reservation
• Start of Monthly Amortization –
  • Pagibig Financing – after loan take-out by Pagibig
  • Deferred Cash – 30 days after reservation. 

6.  Discounts

• Full payment of Total Contract Price (TCP) – 5% discount

7.  Other Fees to Pay Separately

• Real Property Tax – to be paid one (1) month after loan take-out
  • Estimated Amount:  Php 1,000.00
  • Same amount for Pagibig, Inhouse, Cash Deferred or Cash Payment
• Insurances –  Fire and Mortgage Redemption Insurance (MRI)
  • Pagibig  – Fire and MRI insurance will be determined during loan processing and will be added to the monthly amortization
• Move-in Fees –  NO move-in fees.
• Construction Bond Amount –  this is refundable.  To be paid 30 days before start of house improvement construction.  Refundable if there is no damage done after construction. The premium of the bond will be deducted.
• Estimated Amount:  Php 5,000.00 for townhouses
• Water Bond - 1,000 (Refundable)

8.  When can Buyer move-in?

• Pagibig Financing – Buyers are allowed to move-in only after full equity payment & loan released.

9.  Required Documents During Reservation – No Documents,  No Reservation

• Locally Employed -  2 Valid Government issued  ID and  Latest one (1) month payslip
• OFW -  2 Valid ID & Job Contract or Latest one (1) month payslip
• Self-Employed – 2  Valid IDs and Latest financial Statement

10.  Schedule of House Construction  -  ongoing

11.  Restrictions on House Improvement  - Buyer must submit sketches of house improvement to Developer’s office for approval.  No deletion on any part of the house is allowed. Any alteration of the original house will forfeits construction bond. 

12.  Prices of house and lot are not always the same.

• Price of end unit, corner lot, main road and near amenities units are higher than inner lot.
• House and Lot price will NOT be the same, as it varies and depends on lot orientation.
• Prices are subject to change without prior notice.
• Always verify all amounts in the computation with us if they are still available or not.