Since a home may be the largest purchase you will ever make, choosing the right mortgage company is a very important decision. Which of the many Mortgage lenders in Trinidad is best for you? The answer may take a little effort through homework, research and telephone shopping, but the results will be worthwhile. The more you know about out mortgage lending increases your ability to select the financing...
Buying
Land Title Systems There are two (2) systems of law under which land is held in Trinidad & Tobago: The old law or common law system of conveyancing; and the Torrens system of registered conveyancing or the Real Property Act Chapter 56:02 (R.P.A.) system of conveyancing. Old Law System Most of the land in Trinidad & Tobago is still held under the old law system which is based on the English...
After an offer is accepted by the buyer, a Purchase Agreement is then prepared and is executed when the buyer pays a 10% deposit to "seal the deal" and take the property off the market. Following the execution on the purchase agreement, the buyer will need a copy of the deed; the last paid land and building tax receipt; a cadastral sheet; a Water & Sewage Authority (WASA) Clearance...
Q: I am a 24-year-old, stay-at-home mom. In the past, I've had poor credit but have since paid off all bad debts. I am using my student loan as a source of credit to prove I can pay off my current debts. My husband, on the other hand, has perfect credit. He has never missed a payment and pays in full every month. How will my history affect us trying to buy a home in two years? -- Christine A. Despite...