Hdmf - Pag-ibig Test

22 Questions | By Joco | Updated: Mar 21, 2022 | Attempts: 3017

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General Knowledge of the Pag-Ibig Program

Questions and Answers

1.

Pag-ibig member with updated Multi-Purpose Loan payment is not eligible to apply for HousingLoan.
- A.
  
  True
- B.
  
  False
2.

HDMF Program can be used for the purchase of Commercial establishment.
- A.
  
  True
- B.
  
  False
3.

HDMF Collateral Ratio to a P400,000.00 loan amount is:
- A.
  
  80%
- B.
  
  95%
- C.
  
  100%
4.

HDMF Maximum loan amount
- A.
  
  1 Million
- B.
  
  2 Million
- C.
  
  3 Million
5.

HDMF Processing Fee
- A.
  
  P 1,000.00
- B.
  
  P 2,000.00
- C.
  
  P 3,000.00
6.

HDMF Retention Fee (accounts secured by Contract to Sell) for loans over P 500,000.00 to P1,000,000.00.
- A.
  
  6%
- B.
  
  7%
- C.
  
  7.5%
7.

Penalty for late payment of monthly amortization is computed
- A.
  
  Monthly
- B.
  
  Weekly
- C.
  
  Daily
8.

Maximum loan entitlement of Pag-ibig member paying P1,300.00 monthly contribution
- A.
  
  2.7 M
- B.
  
  2.0 M
- C.
  
  1 M
9.

Capacity to pay shall be limited to an amount for which the monthly amortization shall notexceed _____% of the member’s Net Disposable Income
- A.
  
  20%
- B.
  
  30%
- C.
  
  40%
10.

HDMFMaximum Loan Term
- A.
  
  20 years
- B.
  
  25 years
- C.
  
  30 years
11.

Statute of Frauds is a legal provision which requires agreement for the sale of real estate to bein writing to be enforceable.
- A.
  
  True
- B.
  
  False
12.

Tax Declaration is obtained from the BIR
- A.
  
  True
- B.
  
  False
13.

Certified True Copy of the Title can be obtained from the Registry of Deeds
- A.
  
  True
- B.
  
  False
14.

Deed of Sale is executed upon full payment of Equity
- A.
  
  True
- B.
  
  False
15.

Capital Gains Tax is under the account of the Seller
- A.
  
  True
- B.
  
  False
16.

Transfer Tax is under the account of the Seller
- A.
  
  True
- B.
  
  False
17.

Authority to Sell is issued by the Selling Broker
- A.
  
  True
- B.
  
  False
18.

Marketing Agreement is between Buyer and Seller
- A.
  
  True
- B.
  
  False
19.

Contract of Sale is to Deed of Sale; Contract to Sell
- A.
  
  Dacion En Pago
- B.
  
  Deed of Conditional Sale
- C.
  
  Deed of Sale with Mortgage
20.

Zonal value of a property can be obtained from
- A.
  
  Assessor’s Office
- B.
  
  BIR
- C.
  
  Land Registration Administration
21.

What does HDMF stand for?
22.

What does Pag-Ibig Stand for?