If you’re planning to buy a house in Jamaica and are eligible for National Housing Trust (NHT) points, you may be wondering: “Who actually applies these points to my mortgage – the lawyer or the bank?”
Here’s a simple breakdown:
1. The Role of NHT Points
NHT points come from your contributions over the years. They are used to determine:
Your eligibility for NHT benefits.
The loan amount you can access.
The interest rate you qualify for (the more points you have, the more favorable your terms can be).
These points can either be used directly when borrowing from NHT or when partnering with a private institution under the Joint Finance Mortgage Programme (JFMP).
