pag-ibig Flashcards
the use of the property that will yield the highest ROI
HIGHEST AND BEST USE
The _is a document issued by the DENR certifying that based on the proposed project or undertaking will not cause any significant negative environmental impact
ENVIRONMENTAL COMPLIANCE CERTIFICATE
the fine violating the environmental law does not exceed ____ per violation
PHP 50,000
A pag-ibig member is qualified to be a borrower if he is an active member with at least ___ monthly contributions
24 months
A pag-ibig member is qualified to borrow if he is not more than ___ years old upon filing, not more than 70 yrs old upon loan maturity and must be insurable.
65 yrs old
A Pag-ibig loan can be availed of to purchase a fully developed lot not excedding ___sqm within a residential area.
1,000 sq meters
A Pag-ibig loan can be used to purchase a residential house and lot. townhouse or condominium unit, inclusive of
parking slot
what is the maximum amount of loan for Pag-ibig
Php 3M
In the capacity to pay formula of a pag-ibig loan, the monthly amortization shall not exceed ___ of the member’s net disposable income.
40%
In a Pag-ibig loan, the ___ is the contract price less the buyer’s equity.
actual need
A qualified borrower could tack in to his pag-ibig loan a maximum of ___ other qualified pag-ibig members who are related to him within the second degree of consanguinity.
two
the maximum period of payment of a pag-ibig loan, regardless of amount, is ___ years
30yrs
a pag-ibig loan is considered in default if a borrower fails to pay any ___ consecutive monthly amortizations
3
____ is a life insurance covering the principal borrower of a pag ibig loan
mortgage redemption insurance
under the latest pag-ibig housing loan program, the loan to value ration for loans up to php400k is
100% of appraised value
