Bank of The Bahamas Limited (BOB) officially opened its dedicated Mortgage Center on December 6, 2023, a pivotal step towards making home ownership accessible to more Bahamians. The opening ceremony took place at the Center’s state-of the-art premises at the Carmichael Road Commercial Center in the heart of southwestern New Providence.

According to Managing Director Neil Strachan, the opening of The BOB Mortgage Center is a strategic move to enhance the delivery of mortgage services. It is designed to centralize and streamline mortgage application processing for a seamless, customer-centric experience that emphasizes personalized attention and efficiency from initiation to completion.

"At BOB, we're committed to making homeownership a reality. The Mortgage Center is a crucial step in that direction and today’s opening is about building futures and creating spaces where families will grow and flourish," said Mr. Strachan

Led by Edward Strachan, Senior Manager, Mortgages, the BOB Mortgage Center offers competitive mortgage rates and a professional team dedicated to guiding customers through every step of the homebuying process. From first-time homebuyers to experienced real estate investors, the Mortgage Center caters to diverse community needs.

Robert Cox, BOB’s Corporate Manager, Business Development stated that BOB prioritizes accessible homeownership through low down payment options, flexible terms, and competitive interest rates. “Our commitment to customization ensures clients receive personalized solutions. Additionally, we have reduced financial barriers by providing a secure pathway to homeownership with as little as 5% down,” Mr. Cox said.  Through these initiatives, Bank of The Bahamas aims to empower individuals to achieve their dream of owning a home, fostering economic stability and growth within the community.