( Foreclosed Properties from the accrediting bank)

When it comes to securing your dream property, JC North offers straightforward and reliable solutions to make the process as smooth as possible. Here’s everything you need to know about the initial requirements and flexible payment options available through JC North.

1. Initial Requirements to Reserve a Property

Before you can reserve a property, JC North requires a few essential documents and payments. These include:

• Offer to Buy form (Buyer): This form is a formal declaration of your intent to purchase the property.

• Two Valid IDs with three specimen signatures: This ensures the authenticity of your identity.

• Cheque for 5% Reservation Fee: A commitment that demonstrates your seriousness in purchasing the property.

• Authority to Offer and Register (Broker/Seller): This document is crucial for ensuring that the seller or broker is authorized to handle the transaction.

These requirements are designed to protect both the buyer and seller, ensuring a seamless transaction.

2. Payment Options: Flexibility at Your Fingertips

JC North, thru BDO, provides flexible payment terms to suit your financial needs and preferences. Here are the main options:

a. Installment (In-House Terms)*

• 10% Downpayment & 90% Balance: You can make an initial downpayment of 10%, with the remaining 90% payable over a maximum of 5 years at a fixed interest rate of 10% per annum. The payment structure is as follows:

  • 5% Reservation Fee: Paid upfront.

  • 5% payable in 3 months from the notice of approval.

  • 90% balance: Amortized for 5-7 years at 10% fixed interest.

b. BDO Home Loan Bank Financing (processing assisted by JC North)

• 10% Downpayment after 30 days: This allows you some breathing room before making your initial downpayment.

• 90% balance for BDO Home Loan financing: This can be paid over 10, 15, or 20 years with competitive interest rates and fixed rate options as follows:

  • 6.25% for 1 year*

  • 6.50% for 2 years*

  • 6.75% for 3 years*

  • 7% for 4-5 years*
    
    *Rate may change without prior notice. Indicative rate only since final rate will be determined at loan release

These payment options ensure that you can choose the plan that best suits your financial situation.

3. Move-In With Ease

Once you’ve made the 10% downpayment and signed the Contract to Sell (CTS), you’re one step closer to moving into your new home. BDO's flexible payment options and transparent process make it easier for you to focus on what truly matters—settling into your new space.

Securing your dream property has never been this accessible. With BDO's well-structured payment plans and clear requirements, you can take the next step with confidence.

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JC North is a brand which has accreditation under BDO Home Loan and BDO Foreclosed Property