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 10% deposit payment

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enriquelee
post Jan 13 2016, 05:33 PM

Don't ask for more, ask for COKE
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10,510 posts

Joined: Jan 2003
From: Atlanta
QUOTE(Steven7 @ Jan 4 2016, 11:11 PM)
Hi forgive me for being really new in property here but say I was eyeing an affordable project that's gonna be completed in 2019 and say I registered for it and got it. My question is, when do I start paying for the project, both the deposit and monthly loan commitment.

Thanks
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I suppose you have paid a deposit upon booking.
Then pay 10% of the property price minus the deposit upon signing of SPA.
Refer to Schedule H for the percentage of each remaining stage payment.

Loan commitment start when your bank start paying money on behalf of you.
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