Documentary Requirements for Applying for a Home Loan

1) Proofs of Identity of Borrower and CO- Borrower, if any
2) Proofs of Residency
3) Proofs of Income / Source of Repayment
4) Filled up Bank Forms for Home Loan Application and Data Privacy Consent
5) Documents of Property  to be Financed: Title or TCT/CCT, Tax Declaration, Updated Tax Receipts, Location Map, and Building Plan, - If your property has a developer tie-up accreditation with your Bank, your developer will submit these
6) Proof of Payment of Bank Fees
7) Upon approval: Mortgage Redemption Insurance and Property Insurance
8) Post Dated Checks or have an Auto-debit Arrangement for your Savings/Currrent account to pay-off monthly amortization

2018 NEW GENERATION CURRENCY COINS BY BSP

Banko Sentral ng Pilipinas released new coins this 2018 - It appears more confusing now to determine the currency because they all look alike in size and color.... - in a matter of time we'll get used to it.   This is the BSP's write up below.  Also, check the nice you tube video about these coins in this link.... 

http://www.bsp.gov.ph/bspnotes/curr_bsp_NGCcoins.asp

On 26 March 2018, the BSP started the release of the full set of the New Generation Currency (NGC) Coin Series comprised of the 

10-Piso, 

5-Piso, 

1-Piso, 

25-Sentimo, 

5-Sentimo and the 

1-Sentimo

 into circulation.

The NGC  Coin Series design features enhanced the aesthetics and security of the coins. In particular, micro-printed details using laser-engraving technology were included in the two highest denominated coins, the 10-Piso and 5-Piso, which makes it difficult for these coins to be duplicated using traditional coin counterfeiting methods. 

The metallic composition of the NGC coins also discourages the illegal practice of hoarding large quantities of coins for the extraction of their metal content.

The coins, which appear as "metallic silver", are made from durable nickel-plated steel that possess very good wear and corrosion resistance. The change in material addresses concerns on discoloration predominantly observed for copper-based metals.

Coins in the NGC Series will feature the new BSP logo, three national heroes (Apolinario Mabini in the 10-Piso, Andres Bonifacio in the 5-Piso and Jose Rizal in the 1-Piso), a stylized three stars and a sun in the 25-, 5- and 1-Sentimo, and endemic flora consistent with the design of the NGC Banknote Series that highlights Philippine fauna.

http://www.bsp.gov.ph/bspnotes/curr_bsp_NGCcoins.asp

Proper way to write the date in CHECKS

Its impressive that computers/machines can now do handwriting recognition. Even in the way we fill up our personal checks. Please see below copy of  Phil. Clearing House on the  correct date format for our Clearing Checks. Memo below is dated April 24 2018 from Clearing House President and CEO.