In the area of refinancing of housing loans
In 2024 JMRC continued its lending activity and signed (11) refinance loans agreements with (8) financial institutions for an amount of (168) million JD, therefore the refinance loans agreements signed since JMRC inception are (381) agreements with a total amount of (2.515) billion JD, the balance of refinance loans on 31/12/2024 was (407.5) million JD, these loans were granted for different terms ranging from (1-7) years.
It’s known that JMRC grants refinance loans guaranteed by first degree mortgages duly transferred in JMRC favor, the percentage of estimated value of the guarantees provided to JMRC was (%281.25), the percentage of the value of mortgages was (214.36%), and the percentage of refinanced housing loans balances was (153.31%) of the value of refinance loan balances.
The following Chart shows the growth of Refinancing loans during the period 2014 to 2024:-
