How to apply

Overview

Whether you would like a pre-approval, you have already located a property you need to finance, you’re looking to refinance an existing mortgage or want to obtain a home equity loan or line of credit, here is how to apply:

What you need to do:

• Complete an application form.
• Provide a letter from your employer confirming your salary, OR
• If you own your own business, provide a copy of your latest financial statements, a letter from your accountant confirming your salary and a copy of your latest payroll tax form.
• If you have already found a property, provide a copy of the purchase agreement.
• If you are looking to refinance and your mortgage is with another institution, please provide copies of your insurance policy and land tax bill.
• Additional documents are required for Construction Loans
• Drop off the application and documents to any Bank of Bermuda branch or, for quickest service, to the Loans Centre at the The Bank of Bermuda Limited, Personal Lending Centre, 26 Reid Street in Hamilton.

What we will do:

• Conduct credit checks and verify your income.
• Complete an analysis of your personal financial information to determine the maximum funds you can borrow

What happens next:

• A Bank of Bermuda lending officer will call you to set up an appointment to review your application and answer any questions you may have

What you should know before you apply

• Terms and rates are subject to change without prior notice
• All Bank of Bermuda loans are subject to approval