BMC chair: Mortgage loans approval challenging as clients in debt

Tue, Nov 24th 2020, 08:13 AM

The Bahamas Mortgage Corporation (BMC) remains challenged to approve mortgage loans as it finds its clients to be heavily debt burdened, BMC Chairman Patrick Ward said yesterday, adding that in the absence of a formal credit agency, BMC does its best to ascertain the actual debt burden of people interested in acquiring money for a home. Ward, who was speaking ...
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