
FirstCaribbean serves up novel mortgage inducement
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Observer Reporter Friday, January 27, 2006
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The Caribbean's largest banking entity FirstCaribbean is now offering one of the best inducements for those seeking house mortgages. This latest initiative should see it draw customers from other banks operating in the region.
All customers who successfully qualify for a FirstCaribbean mortgage will have their legal fees and closing costs up to US$5,000 refunded, plus they will also benefit from lower interest rates during the construction phase, financing for their first year's insurance and also for furniture.
In addition, these customers will also receive a pre-approved credit card to assist with other necessities for their home.
For some customers, FirstCaribbean will also cover up to a certain amount of their annual utility expenses and in some territories their land tax and house insurance.
Residents of the Cayman Islands, Anguilla, Antigua and Barbuda, The Bahamas, Barbados, Belize, the British Virgin Islands, Dominica, Grenada, Jamaica, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, the Netherland Antilles and the Turks and Caicos Islands are eligible for this promotion which will run until March 31, 2006.
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