This is a Central Bank of Trinidad & Tobago (CBTT) issued Guideline which specifies a minimum set of information that commercial banks must provide to mortgagors on the terms and conditions of their mortgage contracts. The Guideline also introduced a new reference rate- the residential Mortgage Market Reference Rate (MMRR) which is computed quarterly by the CBTT. As a result, the actual mortgage rate charged to consumers is the most recent MMRR plus a margin determined by the commercial banks.
Residential Real Estate Mortgage Market Guideline
Residential Real Estate Mortgage Market Guideline FAQ’s
Further information can also be obtained from: