(868) 623-TTMF or 625-TTMF (8863)
info@ttmf-mortgages.com

Homeownership in Trinidad and Tobago may seem like an unattainable goal, but with lots of planning and sacrifice, you too can achieve this objective and can do so before the age of 30. Here’s how.

Save
When looking to buy a home, some of your up-front costs are your down payment and your closing costs. Keep in mind that the bigger your down payment, the lower your mortgage installment.
Open a separate savings account and set up a monthly direct debit to that account. To avoid the temptation of spending, do not get a debit card to this account. If you’re a Carnival lover, you may need to put Carnival on pause for a year or two and put your costume and fete money into your savings. There will always be another Carnival. The small savings add up as well. Carry your lunch to work, avoid going out every weekend where you have to spend money on food, drinks, clothing etc. Let your friends know that you have a goal in mind and you may be surprised at how supportive they are.

Check Your Credit
Visit your financial institution to find out if your credit is in good standing, and try to fix any problems with your credit before you start looking for a home. Most financial institutions have a pre-qualification process so you know from the beginning how much you can afford. This helps, so that you’re not looking at homes that are out of your budget.

Do your home work
Once you have your pre-qualification amount, you can start looking at listings. Check out the classified ads and for sale by mortgagor/mortgagee listings in your newspaper and online. Visit homes that meet your criteria in terms of cost, location, amenities etc. This way you can see what’s available before making that lifetime commitment.

So now that you have your plan, are you ready to take the next steps?
Call 623-TTMF now and let us help you.