This is the reason why lenders are very strict in evaluating loan applications.
OFW’s or Filipinos who renewed their passport in the Philippine Embassy in Riyadh can now check if their passport is ready for release online.But unforeseen circumstances do sometimes happen, which lead to loan defaults and, worst of all, mortgages being foreclosed.Foreclosures are often painful on the part of the borrower and a hassle on the part of the lender.Once your appointment has been confirmed and you have received the email it is important to be in the embassy 15 minutes before your appointment time or your appointment is considered cancelled.The embassy also reminded the public that a passport which remains unclaimed for six months will be cancelled to comply with Deportment Order # 37-03.