Whether you’re a first-time buyer or refinancing, understanding your options is essential. The Jamaican mortgage market offers a variety of choices, with more lenders and products than ever before.
You can either work with a mortgage broker or apply directly to a lender. Here’s a quick overview of both options.
A Brief History of Mortgages in Jamaica
Since 1962, the Jamaican mortgage market has grown significantly. The National Housing Trust (NHT) has been central to providing affordable housing, while private banks, credit unions, and building societies have expanded their offerings. Today, Jamaicans have a wide range of options.
The Mortgage Broker Route
Mortgage brokers act as intermediaries, helping you find the best deal and guiding you through the process.
Pros of Using a Mortgage Broker
Access to Multiple Lenders: Brokers connect you with various lenders, increasing your chances of finding a good deal.
Exclusive Deals: Some brokers offer special deals not available directly through len…
