Archive for November, 2007

What’s your MP3 Player?

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On my flight back to Manila, I noticed I’m missing my Creative Mp3 player. I almost depend on it for entertainment during my travels or even just going around the city.  I guess I left it in my aunt’s home, well, I really hope that’s where I left it coz it’s a gift from my youngest sister. Everyone in my family has player, my two sisters has an Ipod, my mom has an mp3 player and she loves it. 

For now, I have to check for a new player, compare features and prices… I would love to have an Ipod.

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Making enough money?

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As gasoline prices increase, everything else goes up with it, and often times commodity prices goes up faster than some people’s income. So what is to do? A lot would depend on borrowing from relatives and friends or on payday loan. And the most logical thing one would do is to budget the expenses to get things to fit in the income. While it is true that one should make a plan on where the hard earned income would go, it is not always working to just do that. 

What if the expenses at its most stripped down cost, like the basic needs for food, shelter and clothing, plus utility bills, cell phone load and others is more than the money you make? 

The best thing to do is to find means to make extra income, and earn more, to be able to buy the things you need and want. A lot of opportunities are out there to make it happen, one can take an extra job part time, or buy and sell items like gadgets or just whatever you would enjoy selling.   

My sister for instance would go to a mall where there are pre-owned mobile phones are for sale.  She would go around and see what’s on for sale, negotiate for a low price after testing the item and buy it. She would then use the item to test it for herself and start selling it on ebay or post in a forum or classified ads, doing this, she makes an extra $200-$400 dollars a month.   

There really are a lot of ways to skin a cat in as much as there are so many ways to make extra money.  Simply decide to do it!

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Have you been to a casino?

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 I have! But I have never played though. My first time entering a casino was in 1997, around 10a.m but it was closed…I was there to pick up a check payment for the Golf Club membership the casino was buying from my company. I saw the machines and tables that I usually saw on TV or movies, and as I walked the carpeted hall, I sort of visualized how busy it must have been just the night before.  I could smell the fumes of the cigarette smoke, too. 

Times has definitely changed, casinos are no longer just found in a physical place with machines, tables and people who deal cards like, it is also now found on the net and one can bet at the comfort of their homes or wherever there is internet connection.  I saw one site called http://www.topusaonlinecasinos.com/ where they offer a lot of online games where you play with real money. I think one use credit card online to buy credits or something, instead of exchanging money for chips.

 singapore-dollar.jpg

I wonder why people keep playing when they know casinos always makes money, meaning players don’t really win.Well, maybe some people do it for entertainment, but one must be careful not to get hooked and bet all that you worked hard for. 

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What is a blog?

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What’s a blog? I get asked the question when I try to invite people to come visit my website and check out my blog… This was a question I also asked the person who introduced me to blogging more than a year ago. 

arelle-valla.jpgA Blog is a web log, a journal that you put on the web for you to access wherever there is internet.  There are hundreds of thousands of new blogs everyday. People blog for a variety of reasons, some do it for fun, for hobby, for promoting their business or for making money. Blog is like a digital journal, instead of one writing on a notebook or a diary, you write on a computer and publish what you wrote on the web.

  A Blog is a great way to express your thoughts, ideas and happenings. You’ll be surprised to know that things that interest you can mean something to people all across the globe. Like your travels and adventure, your food tasting in a new restaurant, your experience on a new gadget and more, the topic can really be endless. 

A Blog is also a great way to promote the products you sell or endorse, a blog allows you to share what is good about your product in a more engaging way, contrary to very formal way of doing a sales pitch. And this way you can also establish readership and initiate communication with your target market. A Blog has also become a money making habit, hobby, or whatever you would like to call it. Some bloggers who managed to share about things that interest a wide variety of readers attractted some advertisers who pay them money to blog or to put a banner ad on their ads. There are also companies who are getting advertisers to pay bloggers (people who blog) to feature their products or review their products and talk about it on their blogs or blog advertising. 

You might ask, how do I get started with a blog? You can get started by reading other peoples blogs and see how they do it, to give yourself an idea how to do it too. Then you can go to websites that offer free blogging platforms and sign up. These sites include Blogger.com, WordPress.com or Typepad. I am using WordPress. When you get the hang of it, then you can decide to get a paid blog set-up where you can have your own domain name, with your own hosting and design. 

Welcome to the world of blogging. I hope I got your question on what a blog is answered. 

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Real Estate Bank Financing Qualified Borrowers

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Who are qualified to apply for a bank financing loan? 

QUALIFIED BORROWERS

Filipino CitizensForeign Nationals (for condominium purchase)

Gainfully employed for the last 2 years

Doing business and profitably operating for the past 3 years

At least 21 years old and not exceed 65 years old at loan maturity

Minimum Gross Monthly Income at least P 40,000

If married, spouse to sign all documentsIf separated, annulment papers required

No Derogatory records – CMAP/NFIS checkings  

CAUTION LIST 

Governement Officials and Company’s owned by them

Military / Police Personnel and Company’s owned by them

Religious or Civic Groups & their businesses

Media and Movie PersonalitiesLawyers  

POST APPROVAL REQUIREMENTS

Bank Application Forms

Marriage Certificate/Birth Certificate2 Valid I’D’s like PRC, SSS, TAN/TIN, Drivers Licences, Passport, Company ID

Proof Of Billing like Credit Card Statements, Meralco, PLDT, Maynilad, etc.

Latest Community Tax Certificate or Cedula

Consularized Special Power of Attorney (form supplied by the bank) – authorizing representative to sign in behalf of the borrower.

Account Opening

Letter of GuarantyDeed of Undertaking

Deed of AssignmentPhotocopy of Title (TCT, CCT)

Photocopy of Real Estate Tax Declaration

MRI and Fire Insurance Policies (accredited insurance companies)

Payment of Bank Charges

Payment of Transfer Fees 

Bank Financing Requirements

Bank Financing Charges

*The above information are subject to change without prior notice and may vary depending on the banking institution. It is meant to give a general idea only.

*Bank doesn’t send documents abroad, all documents must be signed in the Philippines, in such case, a Special Power of attorney is executed. Pretermination Penalty is 4% of the outstanding Balance.

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Real Estate Bank Financing Requirements

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PRE-QUALIFICATION REQUIREMENTS for Real Estate Bank Financing Loans 

I would like to share with you what will be required of you to secure a Bank Financing Loan depending on your source of income.  

If Employed within the Philippines -        

Certificate of Employment (COE) with salary and position      

 Latest Income Tax Return  

If Overseas Filipino Worker (OFW)

Crew Contract and Exit Pass form POEA (Seaman)

Contract/Certificate of Employment (COE)

Authenticated by the Philippine Consulate (direct-hired) or Verification with the Employer thru E-mail.

Or 6 Months Proof of Remittance (i.e passbook, bank statement or remittance receipts) 

If Practicing Doctor

Clinic Address Latest

Income Tax ReturnBank Statements for the last 6 months 

If Self-employed within the Philippines

Business Name (DTI)or SEC Registration Certificate

Articles of Incorporation and By Laws

Last 3 years Income Tax Return & Audited Financial Statements

Bank Statements for the past 6 months

 If from Commission

Latest Income Tax Return

Vouchers or Bank Statements for the past 6 months

If from Rental of Properties

Latest Income Tax Return

Lease Contracts of Bank Statements for the last 6 months 

You may see the usual Bank Charges here.

You will of course be subject to a credit check or CI (credit investigation). It’s better if you have a very good credit standing, meaning you pay your loans and credit card bills on time.

*The above are standard documentations in securing a bank financing facility, the bank may require supplementary documentations and considerations for approval may vary from bank to bank.   

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The Secret is to say something great to yourself

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How do you start your day? Let me share with you  a gift from the secret

While you watch the video…

Say the following aloud to yourself.

Today is the beginning of my new life
I am starting over today
All good things are coming to me today
Im grateful to be alive
I see beauty all around me
I live with passion and purpose
I take time to laugh and play everyday
I am awake, energized and alive
I focus on all the good things in life
and give thanks for them
I feel the love, the joy, the abundance
I am at peace and one with everything
I am free to be myself
I am magnificence in human form
Iam the perfection of life
I am grateful to be …me
Today is the best day of my life!

Did you really say it? Why don’t you watch it again…read it till you feel it…:-)

I hope you are feeling better…you can choose to be better!

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The Secret – Visualization Tools

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There is power in YOUR words…

God created the universe by his words…and we are created according to his image…and so when we speak a word, it also comes to pass…

Are you speaking words of blessings or curse? Choose what you say, and say what you want to happen…and it shall be.

Visualize what you want to happen and it shall be…Try this powerful visualization tool from the Secret.

I am a money magnet

Everything i touch turns to gold

i have more riches than king solomon’s mines…

Money falls like avalanche over me

There is more money being printed for me right now

I am receiving money making ideas everyday

I am receiving unexpected checks in teh mail

I have more than enough money for everything i want

I have my dream home

I have the best of everything

I am grateful and celebrate everyday

I know when i ask for what i want

No matter how impossible it may seem

If I believe i know its mine..

the answer must be…Your wish is my command

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Have you watched The Secret?

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“Thoughts become things!” …these three words struct me as i watch the full length The Secret!

What we always think about, we attract!  It’s the Law of Attraction! Our mind is like a magnet, what ever is on our mind, we are attracting to ourselves. Good or bad, we attract it.  What is on your mind? When you keep thinking about debt, then all the more you get in debt..when you keep thinking about poverty, the more you become poor…Why not think about making money, and become rich!…think about having a great relationship with your loved ones, and see it happen.

 The above are what i learned recently, and i believe its biblically sound too… The word of God says, think of what is noble, what is pure, whatever is praiseworthy, think about such things…Imagine how nice the world would be if we thought this way.

Discover the Secret…see the first 20 minutes of the film!!! I highly recommend that you watch it. Enjoy

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Bank Financing Charges for Real Estate Loans

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How much are the Bank Fees when you make a real estate loan in the Philippines? 

These are what the loan charges are like for a P1 Million Housing or Condominium loan. 

 woodland-hills-dmci-homes.jpg

The following are estimates only. 

SCHEDULE of LOAN CHARGES 

  1. Mortgage Redemption Insurance Premium Php 5,800
  2. Fire Insurance Premium (FIP) P 1,100
  3. Mortgage Registration Fee P 9,000.00
  4. Processing and Notarial Fees P 3,500
  5. Doc Stamps on Promisory Note P 5,000 

   Total Charges: P24,000.00 

I got this from the Bank Financing Seminar held at Celebrity Sports Club conducted by DMCI Homes, Inc. with UCPB V.P  Yolanda De Claro.

I will share about the Pre-Qualification requirements in the following post for Real Estate Bank Loans. Stay tuned… 

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