March 25, 2021
Each year, more and more people are moving out of the crowded cities of Metro Manila and into the tranquil and less polluted subdivisions of nearby Cavite to enjoy the more relaxed provincial life. Although only a few hours away via car, Cavite is far less polluted, has less people, and has less traffic than the busier capital.
Micara Estates – Tanza offers two affordable pre-selling house models that fit your unique needs and budget.
Felicia Townhouse has a 50 sqm. floor area and 50 sqm. lot area with 3-bedrooms, a toilet and bath, and a powder room. This house model is perfect for families that are growing and would like a fresh start south of the Metro.
Portia Townhouse, on the other hand, has a 40 sqm. floor area and 45 sqm. lot area. It has 3 bedrooms, a toilet and bath, and a powder room, making it an ideal first home for newlyweds or young professionals.
Purchasing a House and Lot for Sale Through Bank Financing
Purchasing a home in Tanza, Cavite is now even easier with Micara Estate – Tanza’s bank housing loan option. Here’s how you can do it.
What is a Housing Loan?
Financing is another term used when getting a loan from a bank or from a developer (called in-house financing) to purchase your home and then paying them back in a fixed time for a fixed monthly fee called amortization. Typically, financing comes at a cost to the person accepting the loan, usually referred to as interest rate.
What Are the Requirements for a Bank Housing Loan?
These are the requirements you’ll need to secure a house and lot through in-house or bank financing.
Bank Financing - Locally Employed
Bank Financing - OFW
In House Financing - Locally Employed
In House Financing - OFW
What is the Application and Approval Process Through Bank Financing?
Once you’ve gathered all the necessary documents you need and have filled up the application form, the developer, PRO-FRIENDS, will be the one to process your bank loan for you. We submit all Tanza, Cavite bank housing loan applications in bulk. The entire process can take anywhere between 2 – 4 weeks, assuming all the requirements are complete.
How to Compute for Monthly Amortization Payments
Micara Estates – Tanza is making it even easier for you to compute for your monthly amortization payments with our free calculator! Click here to try it.
Here is a sample computation for a Felicia house model.
Two-storey townhouse with 3 Bedrooms, 1 Toilet and Bath, Powder Room, Living Room, Dining Area, Kitchen and a Provision for Carport
Floor Area: 50 sqm.
Lot Area: 50 sqm.
Total Contract Price:1,983,800.00
Reservation Fee: 10,000.00
Monthly Equity (15 months): 15,865.00
Est. Monthly Amortization (20 years):15,618.00
Disclaimer: Sample computation is based on a typical unit under bank financing and prevailing interest rate. Price may change without prior notice.
What are the Benefits of Buying a House Through Bank Financing?
Getting a house and lot through bank financing helps you purchase your dream house sooner. And the sooner you get your dream house, the better the rates will be. With the value of land in Cavite quickly appreciating each month, the sooner you are able to pay off your house and lot, the better.
Micara Estates – Tanza will also be responsible of filing all of the paperwork for you, so you don’t have to stress or worry about going to any banks or government offices to secure your home.