A low cost house and lot project in Lapu-Lapu City, Cebu Philippines. A 2 story townhouse composed of six units in all. La Aldea Del Rio located in Calawisan, Mactan Cebu, is a classic Spanish Mediterranean Design project.

This is a townhouse that is totally different from other townhouse since this looks like you live in a single big house just different owners. The photos you will see are part of a 65 square meter model unit in La Aldea Del Rio. Remember that La Aldea Del Rio is considered low cost house and lot which the total contract price is still below 1 million pesos with monthly amortization below 5,000 pesos. You may read how can OFW make a reservation , or learn the policies of Pag-ibig Loan Financing before you buy a unit.

These photos are taken on the left side of the house where the red car is parked. Infront of the wall mirror is your entrance door, you can see a white entry door in the mirror’s reflection. You can see the living area with sofas with the orange curtain covering the french window.

The reservation is just 5,000 pesos resulting for people to reserved very fast, La Aldea del rio with its unique exterior and interior design is one of the fast selling low cost housing in Cebu today. There are few units left, I hope you can still avail a unit in this beautiful house. You may click here for more information on the payment scheme and financing options of La aldea del rio mactan.

La Aldea del rio house specifications
It is a 2-storey townhouse with an  Inside Unit 40 sqm lot area and an End Unit 65 sqm loat area. The floor area is 44.5 sqm. The exterior is Spanish theme colored exterior wall and roofing.
Accent decorative moldings
Metal grill works
French inspired windows
Front decorative moldings doors
Plastered interiors
Porcelain enamel kitchen sink
Toilet and Bath with Flush Type Water Closet

There are two model units, the one is a 45 square meter unit and the other is a 65 square meter model unit.

La Aldea del Rio is a land development project with 4.5 hectares area located at Calawisan, Lapu Lapu City, Cebu. La Aldea del Rio is only 4 kms to public market. This subdivision is close to Plantation bay mactan, also near to Mactan Airport. Read the advantage of residing in Lapu Lapu City Cebu Philippines.
Features and Amenities of the subdivision, it has  concrete roads and alleys, concrete Curbs and gutters, landscaped parks and playground for children. Landscaped Entrance Gate and Guard House with CHB Perimeter Fence. The whole subdivision is supported with a centralized Water Distribution System, at night the street lights are always on.

The units face each other and are surrounded by a garden and or open spaces.
The garden would consist of greens and concrete walk way.
More secured area. The entrance to the garden cluster can be gated to prevent children from playing on the road. No need to worry about kids staying out. La Aldea del rio is a lot safer, secured, peace of mind, and no pollution since it is far from the city and close to seashore or fishing area.

You may click here for more information on the payment scheme and financing options of La aldea del rio mactan.

Are you an OFW (overseas Filipino worker) who wants to make a reservation for a house and lot here in Cebu Philippines?  You can still make a reservation by sending a notarized special power of attorney or pay directly to the real estate developer using bank to bank deposit.

How can you make a reservation if you are an overseas worker or you are out of Philippines? There are two ways you can make a reservation even if you are abroad or an OFW.

Using Special Power of Attorney for Reservation

While you are abroad, you may inform any of your friend, or relative who you can really trust, a brother, sister, or mother is a better choice for send the money for the reservation through bank to bank, or any other means of sending him the money. Take note that most reservations are good for 30 days only but it may differ from developers.

You need to send a notarized special power of attorney to your friend or relative to “ legally represent inbehalf of you “.  A notarized special power of attorney is required duly authenticated by the nearest consul in the place where you are currently residing.  The authentication of the special power of attorney normally takes one month for the authentication but you may fax the notarized copy just to process the reservation. You may send the authenticated copy later. SEE a Special Power of Attorney form below.

Using Bank to Bank payment process for Reservation

The other option in paying the reservation fee is to pay directly to the Real Estate Developer . All you need to know is the developer’ bank account.  You will be provided with the bank account of the developer as well as the developer’s contact numbers for your confirmation of the authenticity of these numbers and personalities.

Once you are done with the reservation deposit, kindly notify us right away so we can trace the incoming deposit and immediately issue an official receipt. The copy of the Official receipt (O.R.) shall be attached to an email right away while the original shall be sent via post mail.

Below is a special power of attorney  for La Aldea Del Rio Mactan a low cost house and lot in Lapu-Lapu City, Cebu Philippines.

Special Power of Attorney

KNOW ALL MEN BY THESE PRESENT:

I/We, ________________________, of legal age, Filipino and presently with residence and postal Address at __________________________, do hereby NAME, CONSTITUTE, AND APPOINT, _______________________ of legal age, Filipino, and presently residing at above mentioned address, to be my true lawful Attorney-in-Fact, for me and in my name, place and steed to do the foregoing acts:
To represent and sign all documents in mybehalf relative to the La Aldea Del Rio, Sitio Kasag, Calawisan, Lapu-Lapu City.
To represent, received, indorse, and demand delivery of the property and all documents relative to the above transaction.
HEREBY GIVING AND GRANDTING unto said Attorney-inFact full power and authority whatsoever requisites or necessary or proper to be done in and about the premises as fully to all intents and purposes as I might do or could do if personally present with substitution and revocation and hereby ratifying and conforming all that my said Attorney-in-Fact lawfully do or cause to be done by virtue of this present.

IN WITNESS  WHEREOF, I have hereto affixed my signature this
___________day of ___________,2009 in ____________________, Cebu, Philippines.
_______________________                                         __________________
Attorney-in-Fact                                                                       Principal

CTC:_________________
Issued on_____________
Issued at_____________

SIGNED IN THE PRESENCE OF:

_____________________                                  _______________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES
CITY OF ____________________) S.S.

BEFORE  ME, A notary Public, for an______________________, this_______ day of _________,  2009, personally appeared the above mentioned principal exhibiting to me his Community Tax Certificate above written below his name, known to me and to me known to be the same person who executed the foregoing instrument and he acknowledged to me that the same is his true act and deed.

Doc. No.___________;
Page No.___________;
Book No.___________;
Series of___________;

So, now you can make a reservation to any house and lot for sale here in Cebu Philippines. Most reservation for low cost housing is around 5,000 pesos good for 30 days. High-End houses reservations may range from 30,000 to 50,000 pesos.

Click here to view all Low Cost Housing in Cebu Philippines payable through PAG-IBIG loan financing.

Are you a call center agent, teacher or an Overseas Filipino Worker (OFW) ? You can buy a house and lot here in Cebu Philippines with longer terms to pay from 25 to 30 years.  Affordable monthly amortization from 3000 pesos to 5000 pesos per month.

You can buy a low cost house and lot like La Aldea Del Rio Mactan with the help of Pag-ibig loan Financing. Understanding Pag-ibig Loan Policies is important in buying a low cost house and lot in Cebu, Philippines.

PAG-IBIG means Pagtutulungan sa Kinabukasan: Ikaw, Bangko Industriya at Gobyerno.

PAG-IBIG Definition of Terms
HDMF – Home development mutual fund, otherwise known as Pag-ibig
POP – Pag-ibig Overseas Program
CTS – Contract to Sell
REM – Real Estate Mortgage
CSA – Collection Service Agreement
OCT – Original Certificate of Title
CCT – Condominium Certificate of Title
PDC – Post Dated Checks
Buy Back Guaranty – A guaranty given by a Real Estate Developer to HDMF that in case the borrower is in failure to perform the obligation of payment, the former buys it back from the latter. In exchange of this guaranty, HDMF offers higher loan amount allowing buyers to produce less equity and makes the property more affordable.

1. LOAN PURPOSE
1.1 Purchase of a fully developed lot not exceeding 1,000 square meters which should be within a residential area.
1.2 Purchase of lot and construction of a residential unit thereon.
1.3 Purchase of a residential house and lot, or condominium unit inclusive of parking slot, which may be old or brand new.

2. BORROWER ELIGIBILITY
2.1 Must be a member for at least 24 months as evidenced by the remittance of at least 24 monthly contributions at the time of loan application.
2.2 A new member shall be allowed to make a lump sum payment of 24 months to avail of housing loan.
2.3 Not more than 65 years old at loan maturity and must be insurable.
2.4 Has the capacity to acquire and encumber real property
2.5 Has passed satisfactory background/credit check by the Developer and HDMF
2.6 Has no outstanding Pag-ibig housing loan, either as a principal or co-borrower
2.7 Has no outstanding multi-purpose loan in arrears (An unpaid, overdue debt or an unfulfilled obligation) at the time of loan application.

3. LOAN AMOUNT
A qualified Pag-ibig member shall be allowed to borrow up to a maximum of P2,000,000.00 pesos which shall be based on the lowest of the following:
(1) The member’s actual need
(2) His loan entitlement
(3) Loan-to-collateral ratio
3.1 Loan entitlement based on contribution: For every P100.00 a member is
entitled to P125,000.00 loan amount. For example, a member has a monthly contribution of P800.00 he is entitled to P1,000,000.00 maximum loanable amount; and for P1,600.00 contribution, he is entitled to P2,000,000.00 maximum loanable amount.

POP contributions made in foreign currency shall be converted to its peso equivalent on the date when payment was made, rounded off to the nearest dollar.
For loans up to P500,000.00 which shall be secured by a first real estate mortgage or contract to sell on the property which is bought from a developer and are covered by a buy back guarantee, the member’s loan entitlement shall be based solely on his Pag-ibig contributions.
3.2 Loan entitlement based on capacity to pay:
A member’s loan entitlement shall be limited to an amount for which the
monthly amortization shall not exceed 40% of the member’s net disposable
income as supported by:
a) Latest income tax return (ITR) for the year immediately preceding the date of loan application with attached W2 form, stamped received by the BIR.
b) Certificate of Employment and Compensation (CEC) or pay slip where applicable. The net disposable income shall be the gross family income less statutory deductions and monthly amortizations on outstanding obligations.
3.3 Loan to Collateral ratio
Loan amount: with buy back guaranty without buy back guaranty
Up to P150,000.00 100% 100%
Up to P225,000.00 100% 100%
Up to P750,000.00 100% 90%
Up to P 1 million 90% 80%
Up to P 2 million 90% 70%

4. INTEREST RATE
Loan Amount and Interest Rate
Up to P 300,000.00 = 6%
Over P300,000.00 up to P 750,000.00 = 7%
Over P 750,000.00 up to P2,000,000.00 = 10.5%
Additional 2% interest shall be imposed if payment is made after due date.
The interest rates on loans over P300,000.00 up to P2,000,000.00 shall be
Fixed for the first five years of the loan. At the beginning of the 6th year,
HDMF shall reprice the outstanding balance of loans based on prevailing
Market rates at point of repricing.

5. LOAN TERM
Loan Amount and Term of Loan
Up to P500,000.00 maximum of 30 years
Up to P2,000,000.00 maximum of 20 years

6. LOAN PAYMENT
6.1 The loan shall be paid in equal monthly amortizations in such amounts as may fully cover the principal and interest as well as insurance premiums over the loan period and shall be made whenever feasible, through salary deduction.
(a) The borrower shall execute authority to deduct the monthly loan amortizations from his salary and shall secure the conforme of his employer for the purpose.
(b) HDMF and the employer shall enter into a collection agreement stipulating among others, that the deduction for the employee’s Pag-ibig housing loan shall have priority over other obligations of the same nature after all statutory deductions have been effected.
6.2 The monthly amortization shall include the borrower’s Pag-ibig
contributions in excess of the mandatory contributions as provided in 3.1
6.3 The first monthly amortization shall be deducted from the loan take out
proceeds and succeeding monthly amortization shall commence on the month immediately following loan take out and shall be paid on that day of the month thereafter.
6.4 The monthly amortizations shall be paid to HDMF through any of the
following modes:
(1) Accounts covered by a buy back guarantee:
a) Over the counter
b) If the developer has CSA with HDMF, payments shall be remitted to the Developer.
c) Salary deduction
d) Issuance of PDC initially to cover the 12 monthly amortizations. The Developer with CSA with HDMF shall safe keep the PDC’s, otherwise these PDC’s shall be in the possession of HDMF.
e) Auto debit arrangement with banks.
(2) Accounts not covered by buy back guarantee:
a) Salary deduction
b) Issuance of post dated checks initially to cover the 12 monthly amortizations
c) Auto debit arrangement with banks

7. COLLATERAL
The loan shall be secured by collateral consisting of the same residential properties to which the loan proceeds are applied.
7.1 For loans which are covered by a buy back guaranty and are secured by properties which are bought from developers, the security shall consist of a First Real Estate Mortgage or a Contract to Sell (CTS) on the subject properties.
7.2 For loans which are not covered by a buy back guaranty and are secured by properties which are bought from developers, the security shall consist of a Contract to Sell on the aforesaid properties fully covering the payment of the obligation.
The loan however, may be secured by a First REM instead of a CTS, and exempted from the buy back provision from loan default, provided any of the following conditions are being complied with:
(1) The borrower pays the advance amortizations for 24 months
(2) The loan-to-collateral ratio does not exceed 70%.
7.3 For loans which do not belong to the category of developers’ accounts, the
security shall consist of a first REM on the subject properties and the property must be covered by an original OCT, TCT or CCT issued by the Register of Deeds, free from all liens and encumbrances and must be registered in the name of the borrower.
7.4 Accommodation mortgages shall be allowed only for borrowers who are
related up to the first civil degree of consanguinity provided that the owner shall constitute the first mortgage as accommodation mortgagor, to secure the borrower’s obligation or give the latter the special power to do so and the borrower shall undertake and sign as a co-mortgagor.
7.5 The real estate taxes on the property must be updated as of the quarter
Immediately preceding the date of loan application, and yearly thereafter during the term of the loan. HDMF shall require the borrower to submit a copy of the official receipt of the real estate taxes paid for the preceding year not later than April 30 of the succeeding year. Failure of the borrower to submit proof of payment shall render the outstanding loan due and demandable.
7.6 A preliminary appraisal may be taken prior to actual development upon the
request of the developer and payment of the corresponding appraisal fees.,
A collateral inspection to be undertaken upon completion of the house construction and land development for which a collateral appraisal report shall be issued.

8. PREPAYMENT
8.1 A borrower shall be allowed to prepay his loan in full and in part without prepayment penalty
8.2 Accelerated payments – any amount paid in excess of the required monthly amortizations shall be applied automatically to the principal, unless otherwise expressly requested by the borrower. The treatment of the excess payment the borrower prefers must be noted properly in the Pag-ibig Fund receipt.

9. DEFAULT
The borrower shall be considered in default when he or any of his co-borrowers fails to pay any three consecutive monthly amortizations and or monthly membership contributions and other obligations on the loan
9.1 For loans secured by Contract to Sell (CTS)
(a) Cancellation of CTS
(b) Call against the warranty of the developer to buy back the defaulting account.
9.2 For loans secured by REM
The outstanding loan together with accrued interest, penalties, fees and other charges shall be due and demandable, and shall constitute a lien on the Total Accumulated Value (TAV) of the member’s savings with HDMF.

10. LOAN CHARGES
The borrower shall pay the following fees and charges to HDMF.
P1,000.00 upon filing of application which shall be non-refundable if the loan is disapproved. Then P2,000.00 upon loan take out. Other expenses such as appraisal fees, notarial and documentation fees, as well as taxes pertinent to the sale and transfer of the property to the borrower.

11. SECOND AVAILMENT
A Pag-ibig member may avail himself of a second Pag-ibig housing loan provided he has fully paid his first housing loan, whether as a principal borrower or as a co-borrower.

12. ADDITIONAL LOANS
A qualified Pag-ibig member who has an existing housing loan may avail himself of an additional housing loan for the following purposes:
(a) house construction or improvement of a house constructed on a lot purchased through a Pag-ibig loan; or
(b) home improvement

Now that you learned and understand the policies of Pag-ibig Loan, you may view all Low Cost House and Lot Listing in Cebu Philippines.

Imagine you and your family is living together with your parents, siblings, nephews and niece in one big house. Remember the Idiom ” The more the merrier “?

Yes it is, with a total of six units in all, in just 1 townhouse, you can all live together. Six doors are wide open for the lucky owners of this good looking and well-designed exterior and interior townhouse.

You just can’t help but appreciate this townhouse from outside look and inside comfort that it brings. Ever dream of going home to a huge house? Well, dream no more, because reality is what you are looking at.

This project is located in Kalawisan, Lapu-Lapu City, Cebu Philippines. I write the full address because im pretty sure it will be your next address as soon as you will see the interior photos of this project. As you watch this video of La Aldea Del Rio Mactan, you are actually looking at a 65 square meter model unit that is part of the 6 clusters.

These photos are actually taken from the unit on the left side part of the townhouse where the red car is parked. You get inside from a 12-panel white glass entry door which is facing directly to your dining area which is composed of 6 seats of black wooden chairs and a rectangular table. Your dining area set-up is likely ready for your growing family. Beige color is used to paint the ground floor walls which is common for most house interiors. Beige color is used as an interior color since it enhances comfort to your eyes.

You will be walking into a ceramic floor tiles that matched with the white painted ceiling. Just beside your entry door is your kitchen with a small Winchester double glass door base cabinet and a white refrigerator. You can also see hanging drinking glasses on your hanging wooden cabinet or mini kitchen bar. The design of your kitchen is compact yet it is complete.

At the left side of your entry door is another door going to the comfort room with the white toilet bowl and pinkish wall tiles. Comfort rooms are placed near the kitchen or dining area for easy access when personal necessity calls. Going left is your living area with leather love seat sofa and chairs. Your family and visitors will stay at this place with appreciation since it is spacious and comfortable. At the back of you sofa is a transom half-arch french window covered with long orange curtain. A wide mirror is placed in your living area that extends space virtually.

A L-shaped stairway going to your second floor is placed On the left side of your living area. On the second floor are two spacious bedrooms for you and your kids. There is nothing more rewarding than a good and comfortable night rest. Take note that this 65 square meter unit is convertible to 3 bedrooms.

Now that we are done with our virtual tour,why not Visit the page of La Aldea del Rio Mactan to learn more about payment scheme and financing options to own a unit in this elegant townhouse. You can reach Mr. Archie Paquibot the sales agent of La Aldea Del Rio Mactan with this contact numbers. Mr. Paquibot cell number is 09217939702 , You can call him through landline with the number 4957975.

Congratulation in advance.

House and lot for sale in Talamban Cebu City Philippines. House and lot for sale in La Cittadella Subdivision in Talamban Cebu City. This subdivision is near San Carlos University Talamban. This is middle class subdivision in Talamban, almost all of the houses are already constructed. This subdivision has a swimming pool and a club house. La Cittadella is a dream Italian Village.

Enjoy all the convenient amenities of modern family living, 24-hour security and proximity to Cebu’s major business areas.  This subdivision is a little bit far from the main road so the privacy is well-kept and it is surrounded with green trees that adds more beauty to the eyes of the home owners.

With an array of modern units to suit your needs and budget, La Cittadella promises to fit your special lifestyle, whether you are a young couple embarking on your dreams or a family that enjoys the comfort and luxury of a modern home. Because we all deserve to live life, and live it well.

Most of the house models here are colorful and well-built. Your neighbors are mostly mid-level crowd and all educated. The subdivision is not so crowded, you can ride your car all around the place with ease.

Infront or near the gate of this subdivision is a condominium still owned by La Cittadella.

You have two choices, to stay in house and lot or stay in a condominium unit. Welcome to Talamban Cebu City Philippines, hope you will enjoy your stay here.