Real Estate of Cebu

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Tag Archives: housing

No Equity Promo for Deca Homes Mactan

New Deca Homes Mactan 4 and 5 offers you a quality low cost housing development at affordable rate.  Deca Homes unit at second floor has no partitions, but can accommodate two(2) bedrooms.

more info about Deca Homes Mactan Promo.

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CTS Gold Basic Features

CTS Gold Basic Features

Expansive Market Coverage
Pag-IBIG and non-Pag-IBIG members who are willing to trasfer to Pag-IBIG Housing Loan within 4 years, as well as other qualified buyers of Deca Homes.

Easy Eligibility
Buyers who are not more than 60 years old, gainfully employed or self-employed, whose Net Disposable Income (NDI) is 100% of or greater than the monthly amortization of the unit they intend to acquire.

Low Equity
At least Php15,000.00 payable over 3 monthly installments.

Low Monthly Amortization
Deferred payment via monthly amortization, inclusive of SRI/FI premiums, over 25 years; with Pag-IBIG take-out mechanism within 4 years from reservation date.

Friendly Interest Rate
8.5% p.a. fixed for the first 4 years.

Easy Move-In Policy
The Buyer may move in after paying the minimum Equity of Php15,000.00 provided that all required documents are already submitted.

What is CTS Gold?

more info about Deca Homes Mactan

What is CTS Gold?

What is CTS Gold?
Contract To Sell(CTS) Gold is the golden opportunity created by 8990 Housing Development Corporation (8990 HDC) to make owning a house in Deca Homes very affordable and easy on the budget. With just a Php5,000.00 reservation fee and at least three Php5,000.00 equity installments, one can already move-in to a brandnew Deca home. The Balance of the purchase price is then payable in monthly amortization over 25 years.

I’m not a Pag-IBIG member. Can I avail of CTS Gold?
Yes, you ca avail of CTS Gold even if you are not a Pag-IBIG member because it is made for both Pag-IBIG and non Pag-IBIG members.

What must I do so that the interest on the amortization is kept not higher than 8.5% p.a.?
The interest on the amortizations can be kept at 8.5% p.a. when, with 4 years from reservation, you transfer the balance of your CTS Gold to Pag-IBIG. For this purpose, 8990 HDC will provide documentation assistance. more about the Basic features on CTS Gold.

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Pag-IBIG Eligibility Requirements

Eligibility Requirements
(Housing Loan Availment)
 
To qualify for a Pag-IBIG housing loan, a member shall satisfy the following requirements:

  1. On Pag-IBIG Membership
  • Must be a member under the Pag-IBIG I, Pag-IBIG II or Pag-IBIG Overseas Program (POP) for at least twenty-four (24) months, as evidenced by the remittance of at least 24 monthly contributions at the time of loan application.
  • A member, whether new or with existing monthly contributions that are still short of the 24-month membership requirement, shall be allowed to make lump sum payment based on the mandatory monthly membership contribution rates (both EE and ER share) to meet the said requirement at point of loan application. Lump sum payment of membership contributions shall be considered a single contribution for the applicable month as of the payment date.
  • A member whose loan exceeds P500,000.00 shall be required to pay the upgraded membership contribution rates upon housing loan approval and onwards.
  • A member who has contributed for at least two (2) years and whose loans exceed P500,000.00 shall be required to pay the upgraded contribution rates upon housing loan approval and onwards.
  • For purposes of satisfying the required two (2) years membership contributions, the member may opt to pay in lump sum any amount short of the said requirement. In addition, the period corresponding to the TAV applied earlier to an outstanding loan shall also be considered when counting the total number of monthly contributions, provided the remaining TAV after offsetting does not fall below the equivalent amount of two (2) years membership contributions.
  1. Not more than sixty-five (65) years old at the date of loan application and must be insurable; provided further that he is not more than seventy (70) years old at loan maturity;
  2. Has the legal capacity to acquire and encumber real property;
  3. Has passed satisfactory background/credit and employment/business checks of the Pag-IBIG Fund
  4. Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower;

However, should a co-borrower in a tacked loan signify an intention to avail of a Pag-IBIG housing loan for himself, he shall be allowed to do so provided the tacked loan is updated and the amount proportionate to his loan entitlement has been fully paid. Hence, the co-borrower shall be released from the original obligation and shall be allowed to avail of his own Pag-IBIG housing loan, subject to standard evaluation procedures.

  1. Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago, which shall include cases where the borrower is no longer interested to pursue the loan and surrenders the property;
  2. Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of loan application. A member whose multi-purpose loan is in arrears shall be required to pay his arrearages over the counter to update his account.