There are three new mortgage products on the market as the Trinidad and Tobago Mortgage Bank launched its innovative products on Tuesday.
According to the TTMB, the Own, Make, Grow (OMG) programme is tailored for first-time homeowners, while Personalised Mortgage Pricing (PMP) allows your financial profile to directly reduce your mortgage interest rate. There’s also a programme to assist female-led households.
Chairman of TTMB, Judy Kalloo, said she was happy to be providing broader access to financing for families and individuals who dream of home ownership.
“This launch today continues to support the expansion and the creation of opportunities that reach far beyond the walls of TTMB. Today we are launching three new products as we continue to reach out and find innovative ways to accommodate affordable housing which aligns with the country’s sustainable housing development goals. Products that empower citizens to own their future.”
Chief Executive Officer of TTMB, Brent Mc Fee, said the bank has been making strides in diversifying its product line, including Secured Homeownership for Every Generation – a multigenerational mortgage designed to support female-led households who are building not just a home, but a future for their family.
“The development of one of the most innovative products, SHE. This product is designed to empower women across generations by ensuring secure access to home ownership and creating legacies of stability and opportunity.”
He added that TTMB won the Global Banking and Market Awards’ ‘Social Bond of the Year/Deal of the Year Award’ in the Latin America/Caribbean region.
“This award was not simply about financial innovation, it was about social impact. It affirmed that TTMB is pioneering solutions that change lives and that our commitment to inclusivity resonates far beyond our borders.”
Ms. Kalloo noted that the company’s mortgage solutions generate greater stability and resilience in the financial sector.