Cashback Mortgage FAQ
   II. On the Approval Process
 
 
     
 

II. ON THE APPROVAL PROCESS

  • Final loan amount, including terms and conditions, will be based on the following factors : (1) payment/financial capacity; (2) collateral acceptability and (3) track record with other financial and banking institutions. Maximum loan amount will be 60% to 70% of our appraisal value of the property subject to borrower's financial capacity.
  • Accounts will be presented to the credit committee for approval.