Buying a Home

Stop dreaming of your dream home and let the dream come alive with SMFC!

Mortgage Financing is available for the purchase of residential property.

Low deposit

Deposits as low as 5% will help you own your home and have extra cash left over for furnishings and other needs.

Low interest rate

Attractive and irresistibly low interest rates calculated on the reducing balance.

Flexible repayment terms

Our repayment terms are a dream come true for people who have other matters to see about. Your repayment terms will be designed and tailored to suit your particular need and lifestyle affording you as much as 30 years to pay back, plus and option of paying more than your legal obligation with no prepayment penalty.

Automatic Property Insurance Cover

When you buy your home you get comprehensive home-owners insurance cover i.e. cover for the full replacement cost of the building regardless of loan balance. So whether hurricane, landslip, or fire threatens, continue to have sweet dreams- your investment will be protected over the span of your mortgage.

Flexible repayment terms - up to 30 years to pay back.

Automatic property insurance cover - you get comprehensive home-owners insurance coverage for the full replacement cost of the house, regardless of the loan balance. So your property will be protected whether hurricane, landslip or fire threatens.

No prepayment penalties

Documentation required;

• Copy of  Vendors Title Deed
• Copy of Survey plan of land
• Extract from Land Register
• Registry map sheet & location plan
• Vendors offer letter/Sales agreement
• 2 forms of picture identification
• Job letter & recent salary slip
• 2 years audited accounts or tax returns (self-employed persons)
• Copy of power of attorney (overseas applicants)

Fees;

• Application fee -$50
• Valuation fee $350-$450 (depends on the location and whether
•  it is land only/house and land)
• 1% Commitment fee
• Viase fees- (depends on the loan amount)

Stop dreaming about purchasing that dream home and start living your dream with financing from SMFC.