- Letter to FMCIC explaining:
- The Proposed Plan
- How much is expected to be funded with donations/cash on hand
- How much is expected to be needed from debt financing
- That firm quotations are in place to perform the work
- Last 2 years of Audited Financial Statements
- Current Year-to-Date Financial Statements
- Completed Application to Mortgage Property of The Free Methodist Church (Mortgage Program only)
- Board of Administration (BOA) Management Committee Approval (Please allow 2 weeks for BOA review/approval)
- FMCIC Legal Counsel to arrange 1st charge to be placed on the property in consultation with local church legal counsel (Mortgage Program only)
- Pre-authorized debit payments arranged for monthly principle + interest payments on debt
