MORTGAGE FINANCING

Home Equity

Tapping into the wealth of your real estate is one of the benefits of home ownership. You can obtain equity financing for Investment, Debt Consolidation, Emergencies, & Education.

  • Interest Rate – 6%
  • Repayment Term of up to 30 years
  • Acceptance Fee of up to 1% of the loan amount

Find the financing you need to cover major expenses.


CONTACT US

TTMF Home Equity Loans - Trinidad and Tobago


REQUIRED

Standard Documents

  • Evidence of Nationality (2 Forms of ID)
  • National Insurance (NIS) Number
  • Income Tax (BIR) Number
  • Evidence of Income (Job Letter / Pay Slip)*
  • Evidence of Savings & Indebtedness**
  • Most Recent Credit Card Statement(s)
  • Title Deed(s) or Lease and/or Mortgage Deed
  • Valuation Report
  • Up-to-date receipts for Land & Building Taxes, Water & Sewerage Rates & Lease Rent
  • WASA Clearance Certificate
  • Utility Bill


REQUIRED

Additional Documents

  • Certificate of Assessment from the District Revenue Office
  • Completion Certificate from the Regional Corporation where property is less than 4 years old
  • Documentation to support the use of the funds (as applicable)

TOWNHOUSE OR CONDOMINIUM-TYPE HOME

Additional Documents

  • Share Certificate
  • Registered Management Company Bye-Laws
  • Management Company’s Statement on Insurance Coverage and Maintenance Charges with evidence of up to date payment
  • Annual Returns for Management Company

Two (2) copies of all documents must be provided

*Evidence of Income: Submit an Original Job Letter & Pay Slip. If self employed, submit Audited Financial Statements for the last three (3) years and Bank Statements last three (3) years, stating the average monthly balance.

**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).

APPLICATION COSTS

What do I need to pay?


Estimated Application Costs

  • Application: $150.00
  • Title Search: $1,500.00 (initial)
  • Acceptance Fee: 1% of Loan Amount or $500.00 minimum
  • Credit Bureau Report: $75.00 per applicant
  • Site Visit: $500.00 per visit (as applicable)

Initial Payment Requirements

  • Legal Fees
  • Statutory Fees (Stamp Duty & Registration Fees)
  • 3 months’ Rates & Taxes
  • 3 months’ Maintenance Fees (as applicable)
  • 1 year’s Lease Rent (as applicable)
RELATED PRODUCTS

Get the financing you need.

Financing is available for various purposes to help you maximise your wealth in your home.

BUY A HOME
Mortgage Financing is available for the purchase of residences of all types.

Learn More

BUILD A HOME
Bridging and long-term loans are available to finance your home construction.

Learn More

BUY LAND
Financing is available for the purchase of residential building lots and land approved for homesteads anywhere in Trinidad and Tobago.

Learn More

HOME IMPROVEMENT
Upgrading your home can be easy and affordable with our Home Improvement Loans.

Learn More

We’ve got you covered.


MORTGAGE COVER
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.

Learn More