Mortgage Interest Rates Trinidad – RBC | TTMF | Scotia

Looking for information on mortgage interest rates Trinidad and Tobago? This article will provide information on mortgage interest rates from RBC, TTMF and Scotiabank.

Mortgage interest rates in Trinidad and Tobago are very low at present. As a result commercial banks are competing for your business. Trinidad and Tobago Mortgage Finance, RBC Royal Bank and Scotiabank are offering promotional packages. These include 2% and 5% programme from TTMF and “Friends and Family” from RBC.

Mortgage Interest Rates Trinidad and Tobago

mortgage interest rates trinidad

What is a Mortgage?

A legal agreement by which a bank, credit union, building society, etc. lends money at interest in exchange for taking title of the debtor’s property. With the condition that the conveyance of title becomes void upon the payment of the debt.

Mortgage companies is Trinidad and Tobago offer mortgages financing options for the following:

  • Purchase of residential property
  • Purchase of residential lots
  • Construction or renovation
  • Utilization of equity for investments, emergencies, expenses, debt, education, medical, etc.
  • Purchase, construct or refinance a non-owner occupied residential property for investment purposes

Quick mortgage loans

 




 

Is it a good time to get a mortgage?

When is it a good time to get a mortgage? There is no better time than the present. For many people, owning a home is the fulfillment of the Trinidadian dream. For others, it is their worst nightmare.

Purchasing a home is one of the biggest financial decisions you will make in your life. So, before you decide to buy, carefully consider the pros and cons of home ownership. Here are some benefits of being a home owner:

  • As a homeowner, you build your equity through paying down your mortgage over the years.
  • Homes typically increase in value
  • Costs are predictable and more stable than renting because they’re ideally based on a fixed-rate mortgage.
  • Rent money goes to the owner of the property
  • There’s pride in homeownership, which also closely ties you to your community.

Disadvantages of Owning a Home

Home-ownership is a long-term financial commitment.

You’re responsible for all maintenance on your home.

Owning a home ties you to your community, making it more difficult to suddenly pick up and leave a location.

Buying a home requires a down payment, closing costs and moving expenses.

The value of your house may not increase – especially during the first few years.

Why Pre-Approval Is Important For Mortgage Loan Trinidad

Two main reasons why pre-approval is important for a mortgage:

  1. It will show the sellers that you are serious about buying a home, which is particularly crucial when requesting a viewing. Real estate agents prefer pre-qualified buyers to avoid wasting both the agent and the homeowner’s time.
  2. It will let you know how much home you can afford. Before you start browsing onlinmortgage-interest-rates-trinidade listings and requesting viewings. Mortgage payment calculators from RBC, TTMF or Scotia Banks gives an estimate of your monthly payment.

Mortgage Companies In Trinidad and Tobago

Trinidad & Tobago Mortgage Finance Co. Ltd – Dundonald St, Port of Spain

Republic Bank Mortgage Center

The Trinidad Building & Loan Association – 89, Queen St, Port of Spain

Home Mortgage Bank – Prince’s Court, Keate & Pembroke Street, Port of Spain

RBC Royal Bank Mortgages

Mortgage Interest Rates Trinidad 2017

Trinidad & Tobago Mortgage Finance Co. Ltd

2% Mortgage Programme -If the income of the head of the household is $14,000 or less, you may qualify for an interest rate of 2% to purchase any property valued up to $1,000,000. Special conditions apply.

Features of the 2% mortgage interest rates Trinidad facility:

Included a graduated payment mortgage arrangement. The main features of which would allow for an increase of 0.5% annually. From the inception of the loan to the attainment of the next level of the subsidized mortgage rate of 5% in seven (7) years.

Property value must not exceed $1,000,000.00

Land owners can still receive financing up to $1,000,000.00 for construction

Up to 100% financing. For Purchase Price of house and land or land with immediate construction of a house. Help reducing the amount of savings required for the down payment on the property.

Monthly Income of borrower(s) must not exceed $14,000.00

Borrower(s) must be a first time home owner

Maximum Repayment Term of 30 years

Mortgage can be extended to age 70 with a gainfully employed younger family member being a co-borrower

Inclusive of $20,000.00 approved for major appliances

 




 

5% Mortgage Programme

The Expanded Affordable Housing Financing Regime, will cater to the needs of the middle and lower middle income families. Special conditions apply. 

5% mortgage interest rate will be applicable to first time home owners only. For purchase of house and land or land with immediate construction of a house. Applied for properties valued up to $1.5 Million. Recipients of funding under the 2% Financing Regime would not be eligible for funding under the 5% programme.

Household income will reflect the incomes of the heads of the household, excluding the incomes of other parties. Household income must not exceed $30,000.

Qualified buyers receive 95% financing. As a means of reducing the amount of savings required for the down payment on the property.

The maximum term of the loan will be 30 years up to age 70.

Included a graduated payment mortgage arrangement. The main features of which would allow for an increase of 0.5% annually. From the inception of the loan to the attainment of the Approved Mortgage Company (AMC). Rate (currently 7%) in five (5) years.

The legal provision in the mortgage documents require that beneficiaries of newly built Government-financed properties cannot sell or sublet. Ten (10) years must expire after date of financing.

RBC Royal Bank Mortgage Interest Rates Trinidad 

Resident can obtain a mortgage for the purpose of purchasing an owner occupied residential property. Including single-family units, townhouses and condominiums.

Up to 90% financing is available (as Mortgage Indemnity Insurance is available for amounts in excess of 80%); therefore a minimum downpayment of 10% is required.

Amortized monthly payments of principal and interest can be granted for up to 30 years. (maximum term and age of client not to exceed government age of retirement).

2 yr fixed closed – 2.990%  | 3.040% APR
5 yr fixed closed – 3.390%   | 3.410% APR
5 yr variable closed – RBC Prime Rate + 0.000% | 3.220% APR

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Mortgage Loan Trinidad and Tobago

Shop around for a mortgage loan Trinidad and Tobago. Believe it or not, you should shop around for a mortgage before you start house hunting.

mortgage loan trinidad

Mortgage Loan Trinidad and Tobago




TNT Homes For Sale #1 solution for real estate in Trinidad wants to ensure you business it valuable. Fill out the form and 1 – 3 mortgage specialist will contact you for an interview or provide information.

Why Pre-Approval Is Important For Mortgage Loan Trinidad

Two main reasons why pre-approval is important for a mortgage:

  1. It will show the sellers that you are serious about buying a home, which is particularly crucial when requesting a viewing. Real estate agents prefer pre-qualified buyers to avoid wasting both the agent and the homeowner’s time.
  2. It will let you know how much home you can afford. Before you start browsing online listings and requesting viewings. Mortgage payment calculators from RBC, TTMF or Scotia Banks gives an estimate of your monthly payment.

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Patio Furniture Trinidad – Modern | Contemporary | Rustic

Top design, selection and competitive prices on Patio Furniture Trinidad. Modern, Traditional, Contemporary, Rustic, Mid-Century styles are available.

Types of Patio Furniture Trinidad

patio furniture trinidad

From poolside chaise lounges to picnic tables perfect for summer barbecues. Outdoor patio furniture can now withstand the elements. Take a look at common patio furniture materials:

Aluminum

Benefits: Lightweight, durable, doesn’t rust or fade, low maintenance and affordable.

Plastic, Polymer and Resin

Benefits:

Lightweight, low maintenance, inexpensive, stackable, available in a variety of colors.

Steel

Benefits:

Sturdy and durable. Steel furniture is heavier than aluminum, but lighter than wrought iron.

Wicker/Rattan

Benefits:

Lightweight, flexible and comfortable.

Wicker and rattan are suitable for indoor and outdoor use, making great additions to sun rooms, porches and decks.

Wood

Benefits: Solid, sturdy, heavy, non-heat-absorbing, long-lasting if well cared for. Wood furniture can be expensive. Teak, cedar, pine, and eucalyptus are common types of wood in outdoor furniture.

Wrought Iron

Benefits: Sturdy, durable, can be left out to withstand the elements. Wrought iron furniture is heavy and will need to be protected against rust if it isn’t powder coated.

Peckham Patio Furniture Trinidad For Sale

patio furniture peckham park

Peckham Park RAF/LAF Loveseat, Corner, Ottoman W/Cushion – Beige/Brown

Part of Peckham Park collection, durable nuvella solution dyed polyester fabric, resin wicker. Includes three coordinating throw pillows and rust free aluminum frame.

Dimensions:
RAF/LAF Love-seat: 55″ Width 29″ Depth 26″ Height
Corner: 31.50″ Width 31.5″ Depth 33.5″Height
Ottoman: 25.75″ Width 25.75″ Depth 18.50″ Height

Price: TTD$12,443.56 + Vat

 

patio furniture for sale trinidad

Abbots Court Loveseat Glider W/Table, Lounge Chair W/Cushion – Blue/Gray

Swing your worries away with the Abbots Court gliding love-seat and matching table. Soft driftwood-hued resin wicker adds romance without the worry of splintering or cracking. Comfortable cushions are covered in all-weather Nuvella fabric so they’ll look bright for years. Rust free aluminum with resin wicker. Durable Nuvella solution dyed polyester fabric. Love-seat glider includes two throw pillows. Wood look resin top coffee table.

Dimensions:
Loveseat Glider: 31.50″ 51.18″ 5.43″.
Cocktail Table: 40.55″ 19.69″ 16.93″.
Lounge Chair w/Cushion: 31.5″ Width 27.95″ Depth 35.43″ Height

Price: TTD$14,221.33 + Vat

Patio Furniture Shipped To Trinidad From Amazon

patio outdoor furniture

Keter 7.5-Gal Cool Bar Rattan Style Outdoor Patio Cooler Table, Brown

This item ships to Trinidad and Tobago

Cooler, cocktail table all in one

Keeps drinks ice-cold for hours

Easily pull up table top locks in place

Ideal BBQ and summer party accessory; Drain plug for easy clean up

Made from 100 percent recyclable and durable, weather-resistant plastic resin material

rattan patio furniture trinidad

Patio Rattan Garden Furniture Set of 3PCS, Wicker Chairs With Table

STURDY AND PRACTICAL:

Constructed from strong steel frame, good choice for patio, porch, poolside, garden and other suitable place in your home.

EASY TO ASSEMBLE:

Assemble easily and no need for maintenance, no worry to split, crack, fade, rot and deteriorate, we provide one year free component exchange.

TEMPERED GLASS:

Table with removable tempered glass, strong bearing, drinks, meals and decorative items on top are all great.

ALL DEPARTMENTS:

One coffee table with glass and 2 rattan chairs with cushion included.

 

best choice patio furniture trinidad

Hanging Chaise Lounger Chair Arc Stand Air Porch Swing Hammock

Relax on 2” foam filled cushions and an included pillow and enjoy the ergonomic, curved lounge design

Constructed with a powder-coated metal frame, water-resistant PVC-coated polyester cushions, and a 46” canopy, this lounge is built to last outdoors

Remove the attached umbrella canopy to use this chaise lounge indoors

The unique, modern silhouette adds a touch of fun and style to any indoor or outdoor space

Overall Dimensions: 73”(L) x 46“(W) x 78“(H); Weight Capacity: 265 lbs.

resin outdoor patio furniture

Resin Outdoor Patio Furniture Dining Bistro Set

Patio Furniture Stores In Trinidad

The ability to be comfortable and remain stylishly in fashion has evolved. In the past, manufacturers seemed to struggle with creating concepts that could take a beating from Mother Nature while retaining a sound architectural design. This is no longer the case as these outdoor furniture companies have gone above and beyond all expectations.

Quality varies vastly when it comes to outdoor patio furniture brands. As with everything in life, manufacturers have different standards of quality control. Attention to detail and customer service. These are among some of the factors that were used to compile this list of the Top Rated Patio Furniture Trinidad Stores.

Wood You Furniture -53 Tragarete Rd, Port of Spain

Roopnarine Furniture Gallery – Building 4, 172-198 Caroni Savannah Rd, Caroni

Courts Megastore Trinidad – Churchill Roosevelt Highway, San Juan

Signature Selection – Tissue Drive, Macoya




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Organizing Your Wardrobe

How to start organizing your wardrobe properly once and for all. After all, learning how to organize your wardrobe can save you so much time and energy.

organizing your wardrobe

Organizing Your Wardrobe

Understand the Reasons for Organizing the Wardrobe

It is important for one to realize why he or she needs to arrange their wardrobe in an organized manner. In most cases, the major reason for most people is to get the available space organized and well utilized.

This enables one to do away with statements such as I cannot find this, what am I wearing today among others. These are common complaints heard daily in most homes, and it comes from unorganized wardrobes.

Therefore, one should first understand the need for an organized wardrobe, and this will act as the driving force.

Steps To Organizing Your Wardrobe

Empty the Wardrobe

The first step will be to empty your wardrobe. Then get started with the arrangement. Here one is in a position to see all the clothes he or she has and available space for sorting clothes once put inside the wardrobe. Sorting becomes very difficult when things are removed one at a time and so removing everything is, therefore, the best option.

Access the Available Space

At this step, those with plenty of space have an advantage because they would be able to house all their clothes in an organized way. However, for those with less space can also find a solution to working with the space that they have by having small sections of different clothes. This can be done by either hanging or use of shelves and drawers

Sort the Items

Do not procrastinate at this stage. Clothes can be sorted depending on frequency of use and season. What action to be taken either cleaning or mending, donating to charity and the giveaway.


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