Nothing Down Home Financing, Other Updates for November 2007
Good news to all real estate investors who are planning to invest in Crown Communities Projects! A new payment scheme is being introduced requiring NO DOWN PAYMENT. And that means Straight Monthly Payment up to a maximum of 10 years. If you are qualified, all you have to pay outright is the reservation fee, which is also part of the payment and will be deducted from the total purchase price. (You can also do a quick and inexpensive pre-qualification test all by yourself.)
Here are the terms and corresponding interest rates for In-House Straight Monthly payment:
- 3 years at 6% per annum fixed
- 5 years at 10% per annum fixed
- 8 years at 14% per annum fixed
- 10 years at 15% per annum fixed
Also, don’t forget that INTEREST FREE payment is also available for a maximum of 2 years.
Can you determine the monthly amortization given this figures and total price of the real estate? Yes you can! Using the home loan calculator provided from this website, simply enter the price, ZERO for the down payment, plus term and interest rate shown above, and then click. There you go, the schedule of monthly amortization. In case you miss it, click the home loan calculator.
Other updates:
- Increase of Reservation Fee for Toscana House and Lot Packages from PhP 10,000 to PhP 15,000. Remember: reservation fee will be deducted from the purchase price.
- Interim Bank Financing for a maximum of one year is available for those whose loan application are pending from the bank. Interest rate is 11% per annum based on loan term.
