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VM Group Chairman Michael McMorris
VM Group, one of the country's largest mortgage providers, has announced that it will now be facilitating 40 year repayment terms for some types of loans.
VM Group Chairman, Michael McMorris confirmed that approach in Treasure Beach on Saturday when he spoke at the launch of a new housing development - Treasure Bay Estates.
He stressed the growing awareness of the importance of multi-generational wealth creation, which, according to him is exemplified in the provision of mortgages of that duration, declaring that "we too have embraced the vision."
Accordingly, he said, VM has "customised rates specifically for land acquisition and construction (and) the time to repay on the land acquisition and construction for this projet is 40 years... because we believe in multi-generational assets.
This phase of the Treasure Bay Estates development comprises more than 130 residential lots plus a commercial lot, situated on 44 acres of land.
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