NHT Increases Loan Limit & Reduces Rates

December 5, 2015 Posted by: REMAXJA Admin

The National Housing Trust has increased its individual loan limit for some new applicants, from $4.5 million to $5.5 million and reduced the interest rate on loans to contributors who apply as of November 1, 2015. This means that new beneficiaries earning up to $7,500 weekly will now enjoy home loans at 0% interest while at the upper end, persons earning over 20,000 weekly will repay loans at a rate of 6%. New applicants employed to the public sector will benefit from this rate concession while continuing  to enjoy the  […]

... Read More
NEW: 97% Mortgage Financing on Home Purchases

October 18, 2015 Posted by: REMAXJA Admin

Mortgage Indemnity Insurance protects the mortgage lender against loss in the event of default by the borrower subject to the provisions in the Mortgage Insurance Act. An ‘Approved Lender’ is a lending institution that is approved by the Minister of Housing for the purpose of making loans which may be insured under the Mortgage Insurance Law. An ‘Approved Lender’ may be a(n): Building Society, Bank, Loan Company, Insurance Company, Trust Company, Trustee of Trust Funds, Cooperative Credit Society, Cooperative Housing Society or other societies authorized to lend money on the […]

... Read More

Shop 37 Holiday Shopping Village
Montego Bay, Jamaica JMCJS12
JA (876) 953 9000
USA (302) 353-1350
UK (207)-993-0517
Fax (876) 953 9228


Our Mission

We believe real estate buyers and sellers everywhere deserve the world-class services of outstanding agents who are skilled, driven and focused on achieving outstanding results. Each RE/MAX Office is Independently Owned and Operated.

Scroll Up
Skip to toolbar