JN Preferred Mortgage Partnership, A Guide In Property Buying
Are you thinking of buying a home in Jamaica or investing in real estate development? Jamaica National Building Society (JNBS) can guide you in making that important purchase through its Preferred Mortgage Partnerships programme.
Frances Ross, who manages the programme said: “The Preferred Lender Partnership is of great benefit to both the developers and our purchasers in that Preferred Lender t developments get additional exposure and our members benefit from significant cost savings.”
Under the programme, Miss Ross explained, JN liaises with developers in Jamaica who have properties on the market. These developers have to satisfy strict criteria to be a preferred lender partner of the Society.
JNBS in return provides marketing and promotional support and assists local and overseas customers by informing them of our Preferred Lender Partner developments.
The Account Executive pointed out that members can derive numerous benefits from the programme. These benefits she said include: JN’s panel of attorneys to prepare mortgage documents at a reduced fee; discounts on valuation fees from JNBS approved valuers; and members can access National Housing Trust benefits through the JN Joint Financing Programme.
Other benefits include immediate access to JN Home Enhancement Loans to acquire an air conditioner, water tank, solar heater, fencing, grills, among other housing enhancements. She however noted that this is dependent on a borrower’s ability to service the loan.
Members are also given a one month moratorium on the first month’s payment of the mortgage, which will be added to the term of the loan. There is also automatic membership to JN Show Your Card & Save programme, with discounts at some 250 merchants across the island.
Our featured property this month is The Palms at Richmond, St. Ann. Please see details of the development at www.richmondjamaica.com.