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Home » Country Based Mortgages » Mortgage in Pakistan

Mortgage in Pakistan

Though there have been objections and adverse opinions about Mortgage in Pakistan from people including overseas Pakistanis, the truth remains that Mortgage in Pakistan is not so much back dated as it is complained to be. A very close and unbiased Mortgage Overview will surely testify this fact. Among all the Country Based Mortgages, Mortgage in Pakistan happens to be one of the most unique one.

The most interesting thing about Mortgage in Pakistan is the Pakistan Mortgage Guarantee Facility that is basically a credit enhancement program of an amount of five million dollars.
Pakistan Mortgage Guarantee Facility enables the commercial banks in Pakistan taking part in the program, to extend mortgages to the citizens who belong to the lower income group in Pakistan earning less than two dollars per day. These Pakistanis of lower income group are currently without any kind of access to any of the home mortgage finances. The Acumen Fund and the Overseas Private Investment Corporation are the investors that will perform the funding operation. This funding operation will help the clients to release mortgages from the National Bank of Pakistan.

There are Home mortgages or residential Mortgages, Commercial Mortgages and many other types of Mortgages in Pakistan that you will come across. There are even measures by dint of which the Pakistanis staying abroad or overseas afford to avail mortgages, especially home or residential Mortgages from Pakistan. But these facilities are reported to be not quite adequately efficient to satisfy the present clients or the would be clients. There is no doubt that Mortgages in Pakistan is in dire necessity of a thorough reform so that the people seeking mortgage facilities can be satisfied and they should be left with no feeling of contempt. Special attention is badly required for the people staying abroad and seeking mortgage facility in Pakistan.
 
Country Based Mortgages