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CMP is a people-led housing finance and community development program implemented by the Social Housing Finance Corporation (SHFC) which assists legally organized associations of low-income groups to acquire and develop a tract of land under the concept of community. Community Mortgage Program (CMP) Social Housing Finance community-mortgag Social Housing Finance community-mortgag
Is mortgage a loan?
A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money youve borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.
What is community mortgage program in the Philippines?
The Community Mortgage Program allows organized communities to borrow as a group to purchase land using the same land as collateral for their loan. The community may also borrow for site development and house construction or improvement.
Related forms
Governance white paper 2006.indd - University of Oxford
Funds will be used to assist with gap financing, lot acquisition, down payment, rehabilitation and closing costs. Funding will assist very low, low, and
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