Hi @EdgarDalupan ... your queries:
1. Pay the cashout upon approval. It's also for your own good.
2. Processing time is erratic nowadays and we suggest that you apply instead in a Globe Business Center with stocks of the device you want. If they find your papers to be in order, credible and easily verifiable then you might be able to get your phone on the same day.
3. With or w/o cashout, the processing time is the same.
4. G2 or Note3, both are in demand and I suggest you check on the stocks available for release for new applications in the most convenient Globe Business Center (GBC). Each GBC may have different stocks so you might have to go around and ask.