2022 Mortgage Interest Rebates
Once again, the Central Illinois District Church Extension Fund (CID-CEF) is able to return God’s bounty to those churches, organizations, and schools in the Central Illinois District that have borrowed funds in answer to God’s calling to make disciples of all nations. Under the Mortgage Interest Rebate Program, the CID-CEF returns part of the interest paid during the year by our borrowers under our standard interest rate program, thereby reducing the cost of their loans and returning financial resources to them to meet other needs in their ministries.
Thanks to the blessings and guidance of our Lord, the CID-CEF will award Mortgage Interest Rebates for the eighteenth year in a row to those borrowing churches and entities that qualify for the rebate. All borrowers under our standard interest rate program are eligible to earn this rebate, which for 2022 will total $150,000. To qualify for the rebate, all loan payments must be up to date at the end of the calendar year. This year, all churches, organizations, and schools have met the requirements and will be receiving their portion of this rebate.
Praise God for opening the eyes of our people in the Central Illinois District to the challenges facing our society today and knowing that only our Lord can overcome these challenges, using His churches, organizations, and schools to preach His Word and carry it to all corners of the Central Illinois District!