For Sale 2 Bedroom House & Lot in Consolacion Cebu near SM Mall.

FOR SALE 2 BEDROOMS/2 CR 2-STOREY TOWNHOUSE!
Location: Tayud, Consolacion, Cebu

Model: 2-Storey Townhouse
Lot Area: 48 sqm
Floor Area: 68 sqm (estimate)
- 2 rooms
- 2 T&B
- Dining Area
- Living Area
- Kitchen
- Renovated
- Selling as is where is
Price: Php3,200,000.00 (net)
Buyer to shoulder all the taxes and transfer expenses.

Payment options.
Option 1: Cash
Option 2: Deferred Cash (No interest for one year term)
Option 3: Bank or Pag-ibig Financing

For Bank Financing - buyer to apply prequalification and pre-approval first from the bank/financing company to determine the downpayment, loanable amount and monthly amortization. We can provide processing assistance.

For those who will buy this property through Bank Financing/Pag-ibig here are the steps:
1. Inquire from Bank or from Pag-ibig your estimated loanable amount. The amount you can loan will depend on your income and the appraisal of the property.
2. If you have agent or broker, ask assistance from your agent or broker how to do the No. 1.
3. If you are a direct buyer, we can help you process your pre-approval from bank.

Sample estimation how much is the downpayment.
1. If you can get a loan of 3.2M from the bank or pag-ibig then there will be no downpayment.
2. If you can get a 3.1M loan amount from the bank or pag-ibig then the downpayment is 100k.
3. If you can get a 3M loan amount from the bank or pag-ibig then the downpayment is 200k.
4. If you can get a 2.5M loan amount from the bank or pag-ibig then the downpayment is 700k.

Basis in assessing the loanable amount
1. Income of the borrower (combined/Spouse/Co-borrower)
2. Age of the principal borrower. The older the borrower, the shorter the term.
3. Appraised value of the property.

SAMPLE COMPUTATION
If the buyer or borrower can get an approval of loanable amounting to 3.1million.

Downpayment: Php100,000.00
Loanable Amount: Php3,100,000.00

Estimated monthly Amortization (Principal + Interest):
30years: 19,987/month
25 years: 20,449/month
20 years: 22,658/month
15 years: 26,580/month
10 years: 34,806/month

Other Expenses to be considered/shouldered by the buyer.
1. Taxes and transfer charges Est. 290k.
2. Pag-ibig processing fee Est. rages from 7k-10k.

Bank/Pag-ibig basic requirements for housing loan.
1. Valid IDs
2. Proof of Income (Payslip, Certificate of Employment, Employment Contract, ITR)
3. TIN