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Do You Have Any Questions?
You can find here answers to the most frequent asked questions when it comes to purchasing a property.
Are you afraid to be a Scam Victim and loose you hand-earned money?
Cavite Homes has been serving since 2008 and has helped over 600 Families realise their Dream of becoming Homeowners. Our proven track record ensures you peace of mind for your hard-earned money
Are you confused with different prices from different sellers?
Cavite Homes is being updated monthly to give You, our dearest homebuyers complete up to date information to help you in your buying decisions.
Do you want to get the best deals?
Not all sellers are created equal. Look for Sellers that have years of proven track record.
Do you kept on experiencing poor after sales services?
Cavite Homes is a team of highly-experienced real estate practitioners. When you purchase a home, you’re being Service not just by an individual, but a Team.
What is the Procedure
What is the Procedure for Financing Scheme?
- Month 1 – Day 1 to Day 30: Submission of Requirements (Please refer to Requirements Section)
- Month 2 – Day 5th or 20th: 1st Monthly Equity or Down payment
- Month 2 to 16: Monthly Equity or Down payment
- Month 25 –House Inspection and House Turn-Over
What is Reservation?
- Reservation is from P7,500 to P30,000 depending on the house model.
- It is non-refundable but will make as part of your downpayment.It is non-refundable but will make as part of your downpayment.
- It can be transferred to another unit or person provided it is from the same agent and developer. (Valid within 120 days from Reservation) A transfer fee of Three
- Thousand Pesos (P3,000.00) will be charged to the buyer. 1 to 2 weeks approval.
When will the 1st Equity/Down Payment Made?
- First monthly Equity or Down payment will start either on the 5th or the 20th hit date of the following month upon Reservation. Example: Reserved a unit on Jan. 1. First monthly equity or down payment will start on Feb. 5. Succeeding payments deadline will be on every 5th of the month.
When do you start to pay the Monthly Amortization?
- First Monthly Amortization will start a month after finishing payments of monthly equity/downpayment. It will not coincide with downpayment. (Hindi po magsasabay) Amount and duration will depend on the loan and term applied for.
How do we go about the turn-over of the unit?
- Buyer will receive a Clearance for Inspection (CFI) from the developer (Pro Friends) stating that the house is ready for inspection. Buyer will be given 2 months to inspect and make repair request for the house.
- Buyer will issue a letter of acceptance when everything is well.
Buyer’s Guarantee?
Is there a Buyer’s Guarantee??
- Yes, there is. Aside from 2 months to make repair request for the house upon completion, buyer will also be given one whole rainy season to inspect the house. If found to have a leak, Developer will make repair FREE of charge.
Basic Things about Housing Loan
What are the basic things I need to know about Bank Housing Loan?
The following are the basic information you should know about Direct Housing Loan:
- Eligible borrowers are Filipino citizens. Foreign nationals are allowed for condominium purchases only. However, a purchase of house and lot or vacant lot will be considered if a foreign national is married to a Filipino citizen and an Affidavit of Support and Waiver of Rights over the collateral property are executed by the foreigner.
- Borrower’s age should be at least 21 but not more than 65 years old upon maturity of the loan for locally employed. Not more than 60 years old for OFW.
- Principal borrowers must have an income source as a regular employee or from a business with a minimum profitable operation of 2 years.
- The amount of loan you can borrow depends on your income (capacity to pay) and the appraised value of the property.
- The interest rate that will be applied to your loan will be the prevailing Bank rate at the time of loan release.
Am I Qualified for a Housing Loan
Basis for Bank Housing Loan Approval in the Philippines
- Regular employee or owner of a profitable business for at least 2 years.
- Has no Credit Management Association of the Philippines (CMAP) Credit Score finding.
- Has no pending court cases.
- For further info, kindly click “Basis for bank Housing Loan Approval”