Bermuda Overseas Mortgage - CCC Financial

Bermuda Overseas Mortgage

We have overseas mortgage lenders who will :- give 100% mortgages accept adverse credit history mortgages with no deposits.

Includes Caribbean Residential property

Loans available for the majority of Nationalities for either House Purchase orre-financing for Home Improvement purposes only.

Bermuda Overseas Mortgage

Type of Loan:Repayment Mortgage only

Minimum:$250,000 loan (except Trinidad & Tobago - minimum $150,000) with no maximum,subject to 75% of valuation (75% LTV) although maximum LTV % varies from byIsland

Bermuda Overseas Mortgage

We have a flourishing 'self cert' scheme both in Sterling and Dollar. It's very popular and has the same interest rates as full status.

Proof of Income: It is a requirement in all cases that borrowers are able to provide proof ofincome. The definition of income may vary from one lender to the next, butgenerally comprises earned income, pension, rental income and investment income.Each lender may have a different approach in making allowance for a particulartype of income, when they establish the maximum loan available for a borrower.

Bermuda Overseas Mortgage

Non-status loans are not available at this stage.

Term:up to 15 years - up to borrower being age 65

Currency:US Dollars & domestic currency

Current Interest Rate in US Dollars:Varies and depends on Island