Be acquiring acceptable property anywhere in Trinidad or Tobago
Have a sound employment & income history. Temporary/contractual and self-employment are considered
Hold a favourable credit history
Be able to inject between at least 10% of the property cost or value
Be able to service the mortgage instalment in keeping with standard lending criteria
Have sufficient funds available to pay the mortgage closing costs/fees
The repayment term should not exceed your retirement age or 65 years
Evidence of Nationality (2 Forms of ID)
Evidence of Income: Submit an Original Job Letter & Pay Slip. If self employed, submit Financial Statements for the last three (3) years and Bank Statements for the last three (3) years, stating the average monthly balance. If you are employed on contract, submit copies of employment contracts for the last three (3) years.
Evidence of Savings & Indebtedness – Submit Statements from all Financial Institutions with which you deal, including Credit Unions (monthly payments towards loans must be indicated on these statements).
If you are considering a joint purchase, both yourself and your co-borrower must bring this information.
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