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

Loan Features

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Upgrading your home can be easy and affordable. You do not need to have an existing mortgage with TTMF. Improvements must adhere to local building codes and follow designs and specifications approved by local regulatory bodies.

  • Interest Rates range from 7%
  • Up to 100% Financing
  • Repayment Term of up to 30 years
  • Origination Fee of up to 1% of the Loan amount


  • 3 to 6 months to complete Improvements
  • Contractors’ All Risks Insurance
  • Consolidation of existing Mortgage
  • Mortgage Indemnity Insurance is not required



Get Started

After you ascertain the amount of financing for which you can qualify, building plans must be approved, estimates submitted and Residential authorities notified. Learn how to compile the legal documentation required to construct a home in our How-to Guide.

Required Documents

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Standard Documents

  • Evidence of Nationality (2 Forms of ID)
  • National Insurance System (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


Other Required Documents

  • Approved Building Plans (from Town & Country Planning Division & Regional Corporation)
  • Signed Builder’s Estimate, in phased scheduled draw-downs
  • Quantity Surveyor’s Report where the cost of the renovation/repairs exceeds $450,000.00
  • Completion Certificate from the Regional Corporation & final Valuation Report upon completion of Renovation
  • Evidence of Funds available for possible cost overruns, estimated at 10-15% of the total Renovation cost



Two (2) copies of all documents must be provided

Evidence of Income: Submit an Original Job Letter & Pay Slip. If overtime is inconsistent, submit 2 TD4 slips for the past 2 years. If self employed, submit Audited Financial Statements for the last 2 years or Bank Statements for the 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).

Fees & Costs

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Estimated Application Costs

  • Application: $150.00
  • Title Search: $1,500.00 (initial)
  • Acceptance Fee: 1% of Loan Amount or $1,000.00 minimum
  • Credit Bureau Report: $75.00 per applicant
  • Site Visit: $500.00 per visit


Initial Payment Requirements

  • Attorney’s Fees (Deed Preparation)
  • Statutory Fees (Stamp Duty & Registration Fees)
  • Monthly Interest on Bridging Balances
  • 3 months’ Rates & Taxes
  • 1 year’s Lease Rent




Collect Documentation »

Get Started

After you ascertain the amount of financing for which you can qualify, building plans must be approved, estimates submitted and Residential authorities notified. Learn how to compile the legal documentation required to construct a home in our How-to Guide.