Mortgage / Home Purchase Posts
How To Sell a House in Jamaica
Intro I'm ready to sell my house!You decide to step up and move into something a little more spacious for your growing family, or perhaps you found a lucrative job offer and you now have to relocate. Selling a house in Jamaica can be a process if you are unfamiliar...
Centsible Love – Personal Finance Tips for Couples
Centsible Love – Personal Finance Tips for couples So you're in a long term relationship and are thinking about taking that next step, whether it is getting an account together or purchasing equities or assets you should be aware of some of the reasons why it...
Saving for a Mortgage
Intro What are some guidelines for saving for your first home?You did some research on the housing market and decided that you want to buy a 2 bedroom apartment in Norbrook, or perhaps you did some further assessments and then decided that you could only manage a quad...
Real Estate Investing During Covid-19
Intro Interest Rates are Low So Should I Invest In Real Estate?I was recently a guest on TVJ's townhall where the topic of discussion was investing during Covid-19. The link for the full interview is here...
Loan Deferrals
Intro What is a Loan Deferral and Do I Need One?Payment holiday, moratorium, forbearance, loan deferral - I am sure you have been hearing all these terms in light of the Covid-19 pandemic and may not have a clue what they are. What do they mean and how could they...
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
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
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
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
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...