It’s never been easier for Jamaicans to qualify for mortgage loans than it is now.
Just recently, the Government of Jamaica has “eased the tax burden on real estate transactions”, causing a frenzy of new financing options to come forth from private banking institutions. These options vary between institutions as it relates to promotions and rates, however their goal is to work with you on your home ownership journey.
Choosing the appropriate lending institution will come down to your budget and preference/existing relationships with the banks you currently operate at.
Before you make a decision, make note the following things;
- If you are a first time buyer you may qualify for a special mortgage
- Take the ‘safest’ mortgage that is available. This is especially important if you are planning to live in your house for 5 years or longer
- Ask your lending agent to provide you with refinancing information. Rates can change in the future and you might be able to secure more favorable opt
Current Local Mortgage Rates
SmartHomes is here to help you on your journey and help get you one step closer to your dream home. We have an abundance of experience in financing and have individual relationships with various lending institutions. If you need assistance, or are confused as to which direction to take, feel free to reach out to us. One of our representatives will be happy to guide you along the way.
