Before you apply for a mortgage, you need to know your: Current monthly income; Current monthly expenditure; Desired monthly mortgage payment; Anticipated sale price or home value; Anticipated down payment amount. This information makes it much easier to figure out how much you can borrow and how much house you can afford. Obtaining a Loan Whether you are seeking pre-approval or have agreed on a purchase...
Buying
It's like the real estate agents' mantra: location, location, location. You've certainly heard the phrase enough and may wonder what possesses agents to say it three times. Or you might think it pertains to three different types of locations -- perhaps an excellent location, a mediocre location and a lousy location. We'll put your mind at ease. It means identical homes can increase or decrease in value...
The preparing of the legal documents for the sale or transfer of ownership of land or other property, such as a car or home is know as conveyancing. The actual conveyance involves three stages: The Pre-Contract Stage, the Contract Stage and the Conveyance /Transfer of Legal Title. In the Pre-Contract Stage the transfer and creation of any interest in property, especially land, is one of the most important...
Following are examples of some of the typical costs involved in the purchase or mortgage of property in Trinidad & Tobago, including attorney's fees and stamp duty. Attorney's Fees for Conveyance and Mortgages Exclusive of Value Added Tax and based on Statutory scale - Legal Notice #77 of 1977: Old Law Deeds 0 - $100,000 1.50% $100,000 - $500,000 0.75% On amount exceeding $100,000 plus...