What is the purpose of the Virtual Pag-IBIG for Developers?

Prepare for the CHRA Statutory Monetary Benefits Test. Quiz yourself with flashcards and multiple-choice questions that include hints and explanations. Ensure you're geared up for success in your exam with our comprehensive resources!

The purpose of the Virtual Pag-IBIG for Developers is primarily to evaluate borrowers' eligibility for loans. This platform is designed to facilitate access to financial assistance for prospective homebuyers by streamlining the loan approval process for developers. By determining borrowers' eligibility, the Virtual Pag-IBIG helps to connect these individuals with suitable financing options, thereby enhancing the promotion and sale of housing projects.

The other choices do not capture the main function of the platform. While property listings may be relevant to real estate activities, they are not the focus of the Virtual Pag-IBIG. Similarly, automation of tax calculations and tracking housing construction status are tasks that can be important in the real estate development process, but these are not the primary roles of the Virtual Pag-IBIG, which centers on evaluating loan eligibility to support home financing initiatives.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy