It takes a brave person, I once ask the bank in Jamaica and a building society in the UK and the answer was no. Many years later one bank decides to lend me some money but after a hold up for technical reasons the loan officer phone me and ask me what was my thoughts on the property which was a bank repo. I told her that it was ok need a little fixing ,the next communication was that the bank had refused to lend me the money which was agreed six months prior. I think that she took it for herself or one of her friends.
If you are 65 years old you can only get a mortgage with period to pay off 5 years. (70-ur age) in USA IF u are 100 you can get a 30 years mortgage as long as you have the cash flow
Elon Musk and Mark Zuckerberg took out Mortgage to buy their home. There is good debt and bad debt, even though they are young age should not matter much. Your asset base and cash flow should be paramount.
We need an in-depth from start to finish with more discussions about the process and pros and cons when buying in Jamaica as foreigner's
It takes a brave person, I once ask the bank in Jamaica and a building society in the UK and the answer was no. Many years later one bank decides to lend me some money but after a hold up for technical reasons the loan officer phone me and ask me what was my thoughts on the property which was a bank repo. I told her that it was ok need a little fixing ,the next communication was that the bank had refused to lend me the money which was agreed six months prior. I think that she took it for herself or one of her friends.
Kal hi. Your program i intend to place on my must watch list. Everytime i watch, i learn so much. Do keep up the fantastic work your doing.
Interesting information about buying houses in Jamaica
4 five month to close what type of shit is that ....
Older persons can't get mortgage, has to be cash purchase.
Awesome video guys, congratulations!!
Everything in jamaica is slow even when you buy food
Oh it can take about three months to close in America. Oh yes!
Its 190 days in Jamaica
If you are 65 years old you can only get a mortgage with period to pay off 5 years. (70-ur age) in USA IF u are 100 you can get a 30 years mortgage as long as you have the cash flow
Who at the age of 65 years old or older would want to get a mortgage?
You can get mortgage up 74 if you Shop around
Sorry to break it to u jamaica is not USA
Elon Musk and Mark Zuckerberg took out Mortgage to buy their home. There is good debt and bad debt, even though they are young age should not matter much. Your asset base and cash flow should be paramount.
Closing time needs to be faster.
That was fast. I know someone who took a year to close and they lived in Jamaica.
@@eileenwatt8283 a year that a scam
My question is simple where in jamaica is a safe neighbourhood?
Stonebrook vista in Trelawny as well as Florence Hall Estate in Trelawny are great places to invest
Its not the place its the people.
What is the TRN they mentioned 🤔
It's a tax return number...TRN... in the same way you have a Social Security number
its sad mans wait so long to close I don't like that I will get suspicious that ppl tryna scam me i am sorry ..
There is a bottleneck at the Government stamp Office as well as at the National Land Agency. Thats one of the reasons for the delay
18:27 18:31 18:32 .. Such a boring interview that had the potential to be very informative.
Don't watch
The interviewer tried her best probing for answers. It’s the interviewees that were boring. Anyway, I got 3 nuggets so guess it was worth it
4-5 months to close😮😮😮😮😮
There is a backlog at the National Lands Agency, they are short staffed and the government not in a Rush to hire staff . Thats the issue
Thanks for watching with us, let us know what you’d like to see in Season 2! 👇🏾
More tips on what is necessary to get a mortgage
What if you’re already paying nht in Jamaica ,while living overseas?
@@ricardogiftedthompson8926 you qualify for the NHT loans. Smart you kept paying