Mortgage / Home Purchase Posts

Your NHT Benefits Explained

Your NHT Benefits Explained

Intro What are the Benefits being Offered by the NHT?Are you thinking about buying a home but have no idea what the benefits of using the NHT are or perhaps you are making NHT contributions and don’t know why or how you can get them refunded? I spoke about a few of...

8 Things To Ask Your Mortgage Officer

8 Things To Ask Your Mortgage Officer

Intro Are You Considering Home Ownership but Don't Know What Questions To Ask?Asking the right questions in the loan application process can help to alleviate frustration on both your part and the part of the mortgage officer, who may take it for granted that you know...

Reducing Balance vs Add-On Loan

Reducing Balance vs Add-On Loan

Intro Which One Costs More - Reducing Balance or Add On?I was recently a guest on the Earning Season Podcast and I spoke about the journey towards home ownership, which included everything from applying for a loan, to searching for a house to what to expect as a new...

A Survey on Mortgages in Jamaica

A Survey on Mortgages in Jamaica

Intro What is the Mortgage Process Like in Jamaica?A survey was conducted via Survey Monkey and issued to Jamaican mortgagors from Dec 13th to Dec 17th to assess their views on various aspects of the mortgage process. There were fifty (50) responses, summaries of...

Considerations for Renting vs. Buying

Considerations for Renting vs. Buying

Intro Trying to Decide Whether To Rent or Buy?Did you know that mortgage interest rates are lower than they have ever been in recent times? Did you know your landlord has the right to raise your rent by 7.5% each year? Do you know that you should save at least 20% of...

Mortgage Rates in Jamaica

Mortgage Rates in Jamaica

Intro How Have Mortgage Rates Been Changing Over Time?Interest rates have been on the decline in Jamaica, as a result of the government putting several policies in place to make it cheaper for consumers to borrow, particularly when it comes to home ownership. A few of...

Mortgage Fees – The hidden secret of home ownership.

Mortgage Fees – The hidden secret of home ownership.

Intro What Will it Cost to Own a Home?As a home buyer, you should estimate about 10% of the cost of the home for fees if you are taking a mortgage and 6% if you are not (not including the downpayment). Although I mentioned some of the fees in my articles Steps Towards...

Your NHT Benefit – Make it Work For You!

Your NHT Benefit – Make it Work For You!

Intro What is a NHT Benefit and How Can It Help You To Own a Home?  As someone who has benefited from a NHT Loan I thought I would share some of the benefits of using the NHT especially for those who have the benefit and may not know about it! I don't work for or...

The First Time Home Owners Guide – Jamaica

The First Time Home Owners Guide – Jamaica

STEPS TOWARDS Home Ownership - A Guide August 2019 You’ve decided to buy a house. Congratulations! The road ahead of you will be long and require patience. I bought my first home about five years ago while simultaneously trying to sell my parents’ home on their...

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