Hdmf - Pag-ibig Test

22 Questions | Total Attempts: 1998

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Finance Quizzes & Trivia

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?
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