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Frequently Asked Questions
1. Reservation -  It is not refundable but is part of the downpayment. Buyer can transfer reservation and downpayments to another person or unit provided under same agent, developer and same price or price is higher than old unit.You justhave to pay transfer fee Php 3,000.00  All payments made will be duly credited in the new owner/choosen unit. No penalty or deduction of payment provided account is updated and still on downpayment period. Approval may takes 2-3 weeks.

2. Monthly Downpayment - Your first downpayment will start 30-45 days after you paid your reservation. Hindi po sabay ang pagbabayad ng reservation at first downpayment.

3. Monthly Amortization - Your first monthly amortization will immediately start after you have fully paid the downpayment. Hindi po magsasabay ang monthly downpayment at monthly amortization. 

4. Other Hidden charges? -There is NO HIDDEN charges.  Profriends does not charge MOVE-IN fees.  Client/Buyer will apply and pay for Water and Meralco connection after house is turned-over and accepted.
                       
A.  Water - Estimated cost for water connection is Php4,000 - Php5,000.00 (deposit & meter).  Timetable is 1-2 weeks from application date.  Cost may vary depending on choosen project.

B.  Meralco - Estimated cost for electrical connection is Php3,000-Php5,000.00 (deposit & meter).  Timetable is 3-4 weeks from application date.  Cost may vary depending on choosen project. kindly visit www.meralco.com.ph for detailed informations.

C.  Construction Bond - Is required BY PROFRIENDS only if Buyer construct improvement (fence/balcony/etc) after house is accepted.  Estimated amount is Php10,500- or more depending on housing project choosen.  This Bond will pay for any damages (should there be any) during construction/improvement period.  Bond will be refunded if there is no damage done during construction.

D.  Pre-Termination Fee - Profriends charge pretermination fee of 14% if Buyer decides to loan the Balance or Loanable Amount personally to Bank or Pagibig (Individual Application).  Buyer will apply personally or thru SPA apply the loan with PAGIBIG Office.  Profriends will not handle the loan processing.  Buyer will be paying downpayment and amortization base on    INHOUSE computation.There is no Pre-termination Fee if Buyer choose monthly amortization base on Inhouse Financing.
                 
5.  HOUSE BUYING SALES PROCEDURE FOR 12 MONTH DOWNPAYMENT:

Month 1 - DAY 1..........Reservation
Month 2.  1st Monthly Equity or Downpayment. 
               Submission of all required documents.
Month 3.   2nd Monthly Equity or Downpayment
Month 4....3rd - 12th Monthly Equity or Downpayment
Month 14-17....1st Monthly Amortization and House Turnover

6. When to Move-in or Transfer?

A. For BANK Financing - 3 mos. after full payment of downpayment and Bank loan take-out (bank has paid the developer).

B. For IN-HOUSE Financing - 3 mos. after full payment of downpayment and submission of full requirements (docs & postdated checks) puede na lumipat. No need for loan take-out. If the 80% balance is thru individual Pag-ibig Financing,  Move-in only after full payment of Downpayment/Equity, payment of Pretermination Fee and Title Cost Transfer and full submission of requirements.

C. For Spot Cash Payment or Full Downpayment (OF NOT RFO UNITS), House completion and turnover will still follow by Developer's house completion schedule as shown in the Inventory Sheet.

D. Profriends will not allow Buyer to move-in/transfer unless ALL REQUIRED DOCUMENTS and POSTDATED CHECKS are fully issued or submitted.

7. Ready For Occupany Units - there are now ready for occupancy units. Only in limited units.Full payment of downpayment is required before Buyer can transfer.Please take note that turn-over unit has only cement finish flooring in all floors.Buyer will shoulder the cost of tiles intallation and other improvements shown in the model houses.  

8. House Construction - Starts while Buyer is on downpayment period. By the time Buyer finish paying downpayment, house will be almost finish and ready for turn-over in 1-3 months

9.  House Improvement - Developer only accepts deletion of tiles in Bathroom & Kitchen countertop. Deletion charge is Php1,000.00. Letter of request must be sent before house construction starts. Approval of request takes 2 weeks. Buyers will be informed. Buyer must get outside contractor to do the improvement of their unit. Buyer can only start installation of tiles/improvement after house is turned-over.