BFS borrower is granted homeownership despite indigence
BFS strongly believes that indigence should not be a hindrance to homeownership. Having resolved over 75% of 52 thousand delinquent home loans from the National Home Mortgage Finance Corporation, the pioneering home mortgage company attributes its success to innovative programs that allow clients to settle their outstanding loan obligations.
An accountholder in Panabo City applied for and was awarded additional discounts through BFS’s Social Case Window. This program caters to severely disadvantaged individuals who cannot pay off their long overdue mortgages due to extenuating medical and other social conditions. Applicants undergo an exhaustive process to determine eligibility until granted discounts, sometimes settling under principal.
