The following are the types of Loan Restructuring and the conditions to qualify:

    1. Shifting of Financing from Inhouse to HDMF or Bank and Vice Versa
      1. This type of amendment is called re-financing
      2. For shifting from Inhouse to external (Bank / HDMF), the buyer shall be required to continue his Inhouse MA payments while the application for his external financing loan is ongoing until loan takeout.
      3. For shifting from external financing to Inhouse, the buyer shall be required to submit PDCs in accordance with Policy # 6 on Inhouse Financing collections.
      4. A Sales Amendment Form shall be accomplished by the Account Officer and endorsed to the department head for approval.
      5. An admin / shifting fee of Five Thousand Pesos (P5,000.00) shall be levied on the buyer if the shift is from External to In-house Financing
      6. No shifting fee is needed from In-house to external financing
      7. For external to Inhouse financing, any promos that were granted or availed shall be deemed forfeited. Discount promos shall not be carried over, and the you will be required to pay the lacking amount.
    1. Shifting of Financing from Deferred to Inhouse
      1. You will be re-qualified under Inhouse financing parameters, for both ability to pay and documents’ requirements. Schedules 1 and 2 of the Contract to Sell shall be amended and incorporated into the buyer’s folder.
      2. C&C shall compute the MA amount based on the outstanding loan principal or 80% standard Inhouse loan value (whichever is lower) and the effective interest rate based on the requested Inhouse term
      3. The remaining equity, of Twenty percent (20%) of the TCP, must be settled such that the total DP term does not exceed Twelve (12) months from the reservation date.
      4. The maximum term extension is the maximum years for Inhouse financing from the account’s reservation date
      5. You will be required to submit a full set of PDCs for MA, MRI, FI, RPT, etc. for the next two (2) years upon completion of full DP or upon approval of the request, if he has paid for more than the Twenty Percent (20%) DP.
      6. An admin / shifting fee of Five Thousand Pesos (P5,000.00) shall be levied on the buyer for this shift in financing, except if this request is made within Thirty (30) days from the reservation date.
      7. You will be allowed to apply for move-in only upon payment of Twenty Percent (20%) of the TCP
    1. Restructuring of MA Schedule – Shortening of MA term
      1. No admin / restructuring fees are applicable in this case
      2. Restructuring sessions to shorten the MA term are allowed at any time.
      3. The account officer shall be responsible to apply the correct interest rate against the requested term
      4. C&C shall execute an Amendment to the Contract to Sell (CTS) and attach an exhibit of the revised amortization table
    1. Restructuring of MA Schedule – Extension of MA term
      1. This shall be allowed only once (1x) during the MA stage
      2. A restructuring / admin fee shall be levied to the buyer at a rate of five thousand Pesos (P5,000.00)
      3. Under no circumstance may the restructured MA term be allowed to exceed Inhouse Financing’s maximum allowable term.
      4. You must not be more than sixty-five (65) years old at the end of the restructured MA term.
      5. The account officer shall be responsible to coordinate with Corporate Loans Department to verify the MA amount under the CTS loan.
      6. The account officer shall be responsible to apply the correct interest rate against the requested term
      7. All outstanding penalties and interest shall recapitalize and add to the outstanding principal balance. The buyer shall be required to pay one (1) month’s MA upfront as an act of good faith, based on the restructured MA amount, as well as submit two (2) years worth of MA, MRI, FI, and RPT PDCs. C&C shall execute a Compromise Agreement with the buyer, granting the Company the extrajudicial right to evict the buyer upon default of any of the amended terms, if there is no existing collections lawsuit against the buyer.
      8. Likewise, an Amendment to the Contract to Sell (CTS) shall also be executed, with an exhibit of the revised amortization table
    1. Revivals / Reinstatements – Refer to the Four (4) C&C programs / offers related to reviving cancelled Inhouse Accounts. These are:
      1. Amnesty Program*
      2. Installment Consolidation Undertaking (ICU)*
      3. Citihomes Program for Revival (CPR)*
      4. RE-Acquires Property (REAP)*

*NOTE : Subject to change without prior notice