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Refinancing Of Mortgage Loans
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1- Refinancing Of Mortgage Loans

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The Approved Credit policy

  1. The conditions that shall apply for a financial institution to be benefit from JMRC's refinance loans include the following:
  • To be privately owned and in compliance with the legal and regulatory requirement applicable to its operations.

  • Has had its audited financial statements, for its fiscal year preceding the year within which its respective Refinance Loan Agreement is to be entered into, audited by independent auditors with the report there of being unqualified.

  • Its organizational chart, administrative and staff regulations shall be acceptable.

  • It should have administrative and technical abilities, acceptable working procedures and mechansims.

  • Has had its audited financial statements, for its fiscal year preceding the year within which its respective Refinance Loan Agreement is to be entered into, audited by independent auditors with the report there of being unqualified.

  • It should have administrative and technical abilities, acceptable working procedures and mechanisms.

 

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