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1. On the Road To Becoming a Homeowner?
Residential Mortgage Financing and purchase of an existing home and Renovations Financing and all available at the Development Bank of St. Kitts and Nevis. One very important aspect of qualifying for a mortgage is your ability to afford the monthly payments. These payments are dependant on three factors.
- Your disposable income.
- Repayment period.
- Interest rate charged.
Whether or not you could afford a mortgage largely depends on the price of the property you are planning to buy or build. The best advice here is still in line with what your grandmother used to say and 'do not bite off more than you can chew'... and you'll be on the road to affording your mortgage with ease. Remember, you can expand/modify later.
Development Bank lends for
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