Tag Archives: in house financing wellington residences

No Pag-IBIG?? No Problem! We got a solution for you!

Sandra InHouse CornerMost affordable houses can be bought and are available thru the Pag-IBIG financing program. However, you need to be a member for the HDMF before you can apply for a housing loan enjoy their low interest rates. In addition, you need to have paid at least 24 months worth of contribution to be eligible.
How about buyers who are not Pag-IBIG members but are dreaming of owning their own affordable housing investment?
What are their options??

Continue reading No Pag-IBIG?? No Problem! We got a solution for you!

In House Financing Now Available in Wellington Residences

Good News to Wellington Residences house buyers who doesn’t have a Pag-IBIG Membership or has documentation problems!

Duraville Realty and Development Corporation in partnership with DRIVEN Marketing Group Inc. has recently launched the IN-HOUSE FINANCING Scheme for Wellington Residences Tanza.

This would mean that you can now own a house even if you lack documentary requirements for as low as P 7,468/month for a very short payment term of 10years for the SANDRA with LOFT HOUSE MODEL and as low as P10,178/month for the LISA HOUSE MODEL.

Below is the sample computation for Wellington Residences In-house Financing

Sandra Model

TCP: P 575,000

Downpayment: 56,500
Plus 10,000 Move in fee (all deducted from the TCP)

Breakdown of cash out: P5,000 reservation
P51,500 balance will be 6 months to pay

Then P10,000 before Moving in

Balance from the TCP: 508,500

5yrs to pay thru in-house financing: P 11,311.30
10yrs to pay: 7,895.30
15yrs to pay: 7,468.34

Below is the Sample Computation for in-house financing for the Lisa House Model with garage.

           SAMPLE COMPUTATION
Model Lisa-Regular
Total Lot Area  46.00 sqm.
Total Floor Area  36.00 sqm. 
   
Selling Price 720,000.00
Processing fee  50,000.00
Total Contract Price 770,000.00
Schedule of Payment  
10% Downpayment 77,000.00
Less Reservation Fee 5,000.00
Net Downpayment 72,000.00
Schedule of Payment  
Upon Reservation  5,000.00
P67,000 balance is payable in 6 months
   
   
90% Balance 693,000.00
   
Balance Thru In-House Financing
5yrs    @   12% 15,415
10yrs @ 14% 10,759
15yrs @ 16% 10,178
   
Other Charges upon Move in
Move in Fee(Electric & 10,000
water connection)

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