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Buying Property in Trinidad and Tobago? Here’s what you need to know about the TTMF’s 2% Mortgage Programme

Did you know that if you make 10K or less per month you can still qualify for an interest rate of 2% of up to 850K to buy any property you want? Of course there are special conditions that apply, but with the interest rate that you may be paying from the bank, it’s worth checking it out.Here’s what you need to know:   A regulated mortgage payment arrangement is included. It applies to land...

Mortgage Refinancing for Real Estate in Trinidad

Mortgage refinancing is referred to as the replacement of the existing mortgage plan with another alternative which does offer different favorable terms. The refinancing can be with the existing bank or prospective homeowners that can have an option to settle with a new lender. Currently, there are many financial institutions offering mortgage refinancing and this practice can be seen as a relatively new...

What you need to know about buying a home in Trinidad and Tobago

Gone are the days when people used to buy homes whose prices are below the one million dollars price tag. With current economic conditions, most houses listed on the Trinidad Real Estate market cost more than a million dollars. This has been caused by a drop in the purchasing power of the dollar and the ever increasing cement prices, and more recently the devaluation of the TT dollar. A million dollars is...