This pamphlet analyses the residential mortgage market in Trinidad and Tobago. The analysis is conducted against the background of market practices in more developed markets, particularly in the United States of America (US) and the United Kingdom (UK).The facts suggest that while there has been a significant expansion of mortgage activity in Trinidad and Tobago in the last few years, the local market has been slow to adopt many of the innovations that are standard in these developed economies and in many developing countries. The slow adaptation to changing circumstances has had implications for consumer choice and may well have increased the level of risks inherent in the market.