QUESTION 4

Miss Bajadu is one of your cherished customers who has maintained a satisfactory account for the past 12 years. She has been promoted and wants to relocate to an area that befits her current status. Her monthly salary amounts to GHC 12000.00.

Today you saw her loan application request among days collections. She indicates that she intends to sell her current house located in the out sketch of the city and use the money to acquire a new one. She wants your bank to assists her acquire her dream house. According to her, the existing house valued at GHC 75,000. 00 and her dream house is valued at GHC 95,000.00. The existing house has no an outstanding mortgage. She has been able to obtain a mortgage of GHC 30,000 for the new house. She has not been able to identify a buy for her house.

You are required to indicate your banks position to her request