1) NO DOWN, NO INTEREST
Whole amount (TCP) is payable in 24 months only in equal installment.. House construction (if not yet constructed) starts after payment of 50% of the price. Move-in after payment of 75% of the price. For RFO or constructed houses, move-in is after payment of 50% of the price. See required documents.
2) BANK FINANCING With at least 20% down payment, 80% will be shouldered by the bank. See required documents.
Note:
Monthly amortization should not exceed 30% of the gross (combined husband & wife) income. Compute amortization.
3) IN-HOUSE FINANCING
Minimum of 20% down payment. This option is offered if the client is not qualified for bank financing. An interest of at least 19% p.a. will be applied.
