Two (2) copies of all documents must be provided
*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).
Yes, an applicant can borrow to extend/renovate his/her house provided the relevant approved plans from Town and Country Planning have been received by TTMF and once the applicant has been approved to borrow the requested amount based on his/her income and debt.
Under the 2% Mortgage Programme, beneficiaries must obtain written consent from the HDC to sell and/or sublet the property before the expiration of ten (10) years from the date of financing.
Up to $20,000.00 can be included in the total loan amount of persons who qualify for the 2% interest rate. The appliances that can be purchased are refrigerator, stove, washer & dryer. The monies for these appliances will be paid directly to the store from which you are purchasing the appliances upon execution of your Mortgage Deed.
100% Financing is a benefit given to persons who can qualify for the 2% interest rate. If you do not qualify for the 2% interest rate you will be required to make at least a 5% deposit towards the purchase of your property.
While it is not mandatory for the loan, it is recommended. With Advance Protector®, in the event of your untimely passing, the outstanding balance of your mortgage will be paid.
Keep your family covered in the storm of your passing. In the event of your untimely passing you don’t have to leave your family with the additional grief of struggling to make mortgage payments.