What is TTMF?
What is TTMF?
The Trinidad and Tobago Mortgage Finance Company Ltd. (TTMF), is an organisation whose key objective and single-minded purpose is to provide its customers with the peace of mind that home ownership brings.
How do I qualify for a mortgage in Trinidad?
Qualification Criteria
- Be 18 years & over.
- Be a citizen of Trinidad & Tobago.
- Be acquiring acceptable property anywhere in Trinidad or Tobago.
- Have a sound employment & income history.
- Hold a favourable credit history.
- Be able to inject between at least 10% of the property cost or value.
What is TTMF email address?
Email Address: [email protected].
Can foreigners buy property in Trinidad?
Yes, foreigners can buy property in Trinidad & Tobago and the Government of Trinidad & Tobago welcomes investment from overseas buyers. Non-citizens require an Alien Landholding License to purchase more than 1 acre of land for residential purposes or more than 5 acres of land for commercial purposes in Tobago.
What is the cost to build a 3 bedroom house in Trinidad?
To make it easy, we will use a case study that describes a three-bedroom single-story home (1500 sq. ft) on one lot of flat land (5000 sq. ft) with an approximate construction cost of $ 975,000.00 (in Trinidad) and $ 1,125,000.00 (in Tobago).
How much is a house in Trinidad?
In Trinidad, the price of one-bedroom apartments typically ranges from TT$900,000 (US$132,700) to TT$1.5 million (US$221,200). In the desirable neighborhoods of West Trinidad, modern homes are priced from about TT$3.7 million (US$545,500).
How long does mortgage approval take?
two to six weeks
Generally speaking, it usually takes two to six weeks to get a mortgage approved. The application process can be accelerated by going through a mortgage broker who can find you the best deals that suit your circumstances. A mortgage offer is usually valid for 6 months.
What is final approval on a mortgage?
Loan funding: The “final” final approval Your mortgage process is fully complete only when the lender funds the loan. This means the lender has reviewed your signed documents, re-pulled your credit, and made sure nothing changed since the underwriter’s last review of your loan file.
What is the cost to build a 2 bedroom house in Trinidad?
For Trinidad, the cost ranges from $600 – $650 per sq. ft. Alternatively, for Tobago, the cost ranges from $750-$800 per sq. ft.
How much do I need to live in Trinidad?
Summary about cost of living in Trinidad, Trinidad And Tobago: Family of four estimated monthly costs are 3,010$ (20,448TT$) without rent. A single person estimated monthly costs are 806$ (5,475TT$) without rent. Trinidad is 41.09% less expensive than New York (without rent).
