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SUMMER VILLAS

The place and home you'll love to stay.


Affordable Living: The taste of luxury without the high cost. This is what Summerfield offers. With our flexible financing terms, owning one of these elegantly designed homes is made simpler and easier for you.


Two Storey townhouse with or without attic

Floor Area: 59 sqm-113 sqm
Lot Area:    45-107 sqm
2-3 Bedrooms
2-3 Bathrooms

SAMPLE COMPUTATION   ( prices are subject to change without prior notice)

Single Attached
B2 L29
Ready For Occupancy

Two Storey 
Floor Area: 60 sqm
Lot Area:    45 sqm
2 Bedrooms
2 Bathrooms

 Total Investment Value:  Php. 1,975,000

Reservation Fee:            Php.      20,000

Bank Financing: (GE Bank-indicative rate)
20% Initial Investment: Php. 375,000
80% Balance:                             
10 years @ 9.25%:      Php.      20,229/month
15 years @ 9.25%:      Php.      16,261/month

In House Financing:
30% Initial Investment: Php.     572,500
70% Balance:                         
5 years @ 18%:           Php.     35,102/month
7 years @ 21%:           Php.     31,535/month


Single Attached on 2 Lots

Two Storey 
Floor Area: 87 sqm
Lot Area:    90 sqm
3 Bedrooms
2 Bathrooms

 
Sample Investment Computation:


Total Investment Value:  Php. 3,035,790
Reservation Fee:            Php.      20,000

Bank Financing: (GE Bank-indicative rate)
20% Initial Investment in 12 mos:          Php. 48,930/month
80% Balance:                             
10 years @ 9.25%:                              Php. 31,094/month
15 years @ 9.25%:                              Php. 24,995/month

In House Financing:
30% Initial Investment in 12 mos:     Php. 74,228/month
70% Balance:                         
5 years @ 18%:                              Php. 53,955/month
7 years @ 21%:                              Php. 48,472/month
 


 DOCUMENTATION CHECKLIST  


   Bank Financing Before Move-In
   *Signed L.O.U.
   *Payment of charges with the bank
   *Payment of Move-In Fee                        30,000.00  
 *Transfer of Title (undervalue)              44,000.00
   *1 Unit 10 lbs Fire Extinguisher 
  *Payment of Fire Insurance (dated)-payee: Trinity Insurance   2,568.00 
 *Signed D.A.S.     

  Requirements for Bank Financing:  

  Fully accomplished Bank Application for with pictures 
  Signed/Fully accomplished MRI Form (provided by Bank) 
  Original copy of certificate of employment with salary (in letter head &   contact no.)     (continuous employment for 2 years) 
  Photocopy of contract of employment (for OFW)  
  Photocopy of 2 Valid ID'S (Passport, tin, sss,prc, driver's license)
  Original copy of  2 months payslip (latest)  
  Original copy of I.T.R. for the past 2 years 
  Photocopy of Latest Cedula  
  Original copy of bank statement for the past 3 months 
  Proof of Remittance (for OFW)  
  Consularized Special Power of Attorney (S.P.A.) if abroad    If married, photocopy of marriage contract
  (No delinquent credit card)   Note: for bank financing need to pay bank charges (est. amount 35- 40k)




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