2. “Home Ownership Day” Seminar
“Home Ownership Day” is an important feature in the calendar of events of the Eastern Caribbean Home Mortgage Bank (ECHMB).
In the past four (4) years, ECHMB has hosted a one-day Seminar, aimed at assisting potential homeowners in making the correct decisions and helping them to get a better understanding of the services provided by practitioners in the mortgage industry, epecially lending institutions and building contractors.
By helping people to understand the basic requirements and responsibilities of homeownership, ECHMB is fulfilling an important role in helping to educate families and individuals in all aspects of home building and buying process.
Traditionally, the mortgage business has been viewed mainly as a lending business. But a mortgage loan is really the outcome of a sophisticated process by which funding is provided for the specific process of building or buying one’s own home. The process involves an interface between b o r r o w e r s a n d o t h e r s e r v i c e p r o v i d e r s , s u c h a s l e n d i n g building institutions, engineers, contractors,
architect/planners, insurance agents, manufacturers, government agencies and lawyers.