We are thinking of moving to Jamaica; we may need a mortgage. What are the possibilities?
A number of local banks offer mortgages and offer special rates to first time buyers. Additionally, two of the largest Building Societies have offices overseas. Through these locations they offer savings and mortgage packages for those people seeking to buy or build their dream home in Jamaica. Q. How long does a sale transaction take? A cash purchase may take approximately 60 days to be completed. This of course, depends on the specifics of the particular transaction. In cases when the purchaser requires a mortgage, these types of transactions can take on an average ninety days or more to be completed. The agreement for sale may have a completion time of within 90 to 120 days. Contact your lending institution or attorney for a more specific time-frame on obtaining a mortgage. Once you have made the all-important decision to purchase, contact me either by phone @ (876) 810-7737 (cell) 962-9696 (office) or email to talk about your requirements. During this meeting I will ask questions a
