Guidelines

f. Don't need a Mortgage Loan?

Within Seven (7) days from the date of the Agreement you must obtain and deliver to us a guarantee or undertaking from a Bank, a firm of Attorneys-at-Law or a Financial Institution acceptable to Gore Developments Limited., guaranteeing or undertaking to pay the balance of the contract price or any balance thereof and other costs including any additional interest due to Gore Developments Limited. (See Paragraph 8.01 (B) (iii) of the Agreement for more details)

e. Mortgagee to Pay the Balance of the Purchase Price

We will notify you in writing when your house is ready and within Fourteen (14) days of the Practical Completion of the units, the Mortgagee is required to pay the balance of the Purchase Price in order to avoid any interest cost. (See Section 8.12, 8.14 of the Agreement for Sale of Land and Construction of a House.)

d. Present Letter of Commitment from your Mortgagee

Within Twenty-One (21) days of the date of the Agreement present to Gore Developments Ltd. a Letter of Commitment from your Mortgagee for the Mortgage Loan. (See Paragraph 8.01 (B) (ii) of the Agreement for more details)

c. Meet with Your Mortgagee

Within Seven (7) days of the date of the Agreement, meet with your Mortgagee. In that interview you must provide all of your required information, applications, proposals and documents. (See Paragraph 8.01 (B) (i) of the Agreement for more details)

b. Sign Land Nomination and House Construction Agreement

Other documents may require your signature also (see Letter of Explanation). And at a date appointed by Gore Developments Ltd. your signature must be affixed to the necessary documents (For Local Purchasers, this step will take place at our offices. For Overseas Purchasers see Letter of Explanation)

a. Select Your Home and make your deposit

Identify your new home from the units Now Selling (see subdivision plan, lot layout, etc.). [emphasis]Make application and pay ernest money[/emphasis]. If you wish to Wire Transfer funds directly, click here for the details.