Hdmf - Pag-ibig Test
22 Questions
| Total Attempts: 1998
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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