Application Protocol
For either program you choose, the application protocol is the same
Process
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Apply with the participating bank.
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The bank reviews all information and makes a recommendation to the band
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The band decides to approve or deny the application
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Should Skwah FN approve the application & co-sign the mortgage/loan, the member must provide collateral.
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This collateral will be signed over to Skwah First Nation and held until the mortgage or loan is paid off
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Once the mortgage/loan is paid in full, the land and house will be signed back to the borrower
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Should the borrower default on their loan or mortgage, the property legally becomes the Band’s
Collateral Required
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At least one acre of CP land that the house is or will be built on.
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The house itself.
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For exact details, please review the Housing Policy Handbook.
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