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    Principal and Interest remains fixed for the life of the loan

    FEATURES/BENEFITS

    • Fix interest for up to 15 years
    • Available in Jamaican dollars only
    • Option to fix rate
    • Special offer on Peril and Content Insurance from JNGI
    • Proof of Identity (Passport, Driver’s Licence, Birth Certificate or National ID)
    • Tax Registration Numbers (TRN)
    • I.S. Card Income Verification Letter(s) from employer(s) and last two pay slips up-to-date. If Self-employed, Statement of Income is required (for Guarantor), Agreement for Sale – duly completed & deposit receipt
    • Photocopy of Certificate of Title
    • Valuation Report on property done by JN approved Valuer
    • Commissioned Land Surveyor’s Identification Report
    • Up-to-date Property Tax Certificate
    • Written confirmation of existing loan(s)

    Additional Requirements For:

    • Construction Application
    • Approved Plan
    • Quantity Surveyor’s or Builder’s estimate in detail
    • Other
    • Application cost
    • Closing cost
    • Peril Insurance
    • H.T. Contribution Verification Letter from employer

    Apartment Buildings

    • Water Receipts
    • Proof of Strata Insurance
    • Letter from Strata Corporation confirming that property maintenance is up-to-date
    Option 1 2 3 4
    Interest rate 7.95% 8.75% 9.25% 10.00%
    Period for which rate is fixed 3 years 5 years 10 years 15 years

    New Kingston Mortgage Representatives

    Mrs. Andrea Wright-Anderson

    Client Relationship Specialist
    JN Bank Ltd.– Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-276-5336
    Office:  +1-876-926-1344 EXT 5412
    Email: Awright@jnbank.com

    Miss Christabelle Douglas

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-276-5286
    Office: +1-876-926-1344 EXT 5415
    Email: ChristabelleD@jnbank.com

    Mr. Kendal Smith

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-564-0625
    Office: +1-876-926-1344 EXT 5416
    Email: KSmith@jnbank.com

    Mrs. Kaye Ricketts

    Client Relationship Specialist
    JN Bank Limited – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-283-4666
    Office: +1-876-926-1344 EXT 5552
    Email: KRicketts@jnbank.com

    Mr. Kevin Henry

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-276-5731
    Office: +1-876-926-1344 EXT 5417
    Email: KHenry@jnbank.com

    Miss Marie Gayle

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-276-5442
    Office: +1-876-926-1344 EXT 5419
    Email: MGayle@jnbank.com

    Miss Marie Hamilton

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-276-5684
    Office: +1-876-926-1344 EXT 5420
    Email: MarieH@jnbank.com

    Mr. Paul Lettman

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-869-6385
    Office: +1-876-926-1344 EXT 5421
    Email: PLettman@jnbank.com

    Mr. Sean Morgan

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5, Jamaica, W.I.
    Mobile:  +1-876-276-5726
    Office: +1-876-926-1344 EXT 5422
    Email: SeanM@jnbank.com

    Miss Tanya Lindo

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5
    Mobile:  +1-876-276-5457
    Office: +1-876-926-1344 EXT 5423
    Email: TLindo@jnbank.com

    Miss Tashaleen Morgan

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5
    Mobile:  +1-876-276-5647
    Office: +1-876-926-1344 EXT
    Email: TMorgan@jnbank.com

    Mrs. Cheryl Kerr-Daley

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (New Kingston)
    10-12 Grenada Crescent, Kingston 5
    Mobile:  +1-876-276-5593
    Office: +1-876-926-1344 EXT 5414
    E-mail: CDaley@jnbank.com

    Montego Bay Mortgage Representatives

    Miss Angella Hines

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (Montego Bay)
    JN Financial Services, Megamart Complex
    Catherine Hall, Montego Bay, St. James, Jamaica
    Mobile:  +1-876-577-9201
    Office: +1-876-926-1344 EXT 5429
    E-mail: ACHines@jnbank.com

    Miss Karen-Ann Mighty

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (Montego Bay)
    JN Financial Services, Megamart Complex
    Catherine Hall, Montego Bay, St. James, Jamaica
    Mobile:  +1-876-276-5203
    Office: +1-876-926-1344 EXT 5430
    E-mail: KMighty@jnbank.com

    Mr. Oraine Thompson

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (Montego Bay)
    JN Financial Services, Megamart Complex
    Catherine Hall, Montego Bay, St. James, Jamaica
    Mobile:  +1-876-551-7795
    Office: +1-876-926-1344 EXT 2935
    E-mail: OThompson@jnbank.com

    Ochos Rios Mortgage Representatives

    Mrs. Cheri Powell-Henry

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (Ocho Rios)
    Corner Graham and DaCosta Streets, Ocho Rios, St. Ann, Jamaica, W.I.
    Mobile:  +1-876-276-5593
    Office: +1-876-926-1344 EXT5427
    E-mail: Cheri@jnbank.com

    Mrs. Sanique Barrett-Mitchell

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (Ocho Rios)
    Corner Graham & DaCosta Streets
    Mobile:  +1-876-451-2330
    Office: +1-876-926-1344 EXT 4810
    E-mail: BarrettS@jnbank.com

    Miss Audreen Higgins

    Receptionist
    JN Bank Ltd. – Mortgage Centre (Ocho Rios)
    Corner Graham & DaCosta Streets
    Office: +1-876-926-1344 EXT 4948
    E-mail: AudreenH@jnbank.com

    Mrs. Winsome McNish-Ricketts

    Business Relationship Manager  (Acting)
    JN Bank Ltd. – c/o JN Ocho Rios Branch
    Corner Graham & DaCosta Streets, Ocho Rios, St. Ann, Jamaica, W.I.
    Mobile:  +1-876-577-9048
    Office: +1-876-926-1344 EXT 5428
    Email: WRicketts@jnbank.com

    Mandeville Mortgage Representatives

    Miss Sophia Anderson

    Client Relationship Specialist
    JN Bank Ltd. – Mortgage Centre (Mandeville)
    Floor 1 – JN Bank Mandeville Branch
    45A Mandeville Plaza, Mandeville, Manchester, Jamaica, W.I.
    Mobile:  +1-876-276-5526
    Office: +1-876-926-1344 EXT 5426
    E-mail: SophiaA@jnbank.com

    What do you mean by an adjustable mortgage rate?

    An adjustable mortgage is the normal mortgage package offered by JN Bank. With an adjustable mortgage, you receive up to 40 years to repay at 8.5 per cent. However, your rate may be adjusted by JN Bank, depending on what it costs the bank to provide you with financing. If the costs increase then your mortgage rate may also increase, or lowered if the costs are reduced.

    If I choose to fix my interest rate, for how long can I fix my rate?

    A fixed interest rate is beneficial, as it protects you from fluctuations in market rates. If you choose a fixed rate mortgage from JN Bank, you may choose to pay at a single interest rate for up to 15 years.

    Could my repayment be extended beyond the age of 70 if I’m benefiting from an extended mortgage?

    Yes, your repayment could be extended beyond the age of 70 under the following circumstances:

    • If the income to service your mortgage comes from a source that is reasonably expected to continue beyond the age of 70 years old (eg. property rental, self-employment etc.) or until you die (eg. pension),
    • If you have additional resources which can be liquidated if your income stream dries up
    • If your loan to value ratio (LTV) is relatively low (i.e., 75% or less), or your total debt service ratio is at least 10% below the prescribed ceiling
    • If you have existing life insurance policies which are assignable

    Who can benefit from the balloon payment option?

    The balloon mortgage payment option is ideal for persons who:

    • Intend to sell property to liquidate the debt
    • Expect to receive a lump sum of cash, such as gratuity on retirement payments, claim settlements, etc.
    • Buy and sell property
    • Sell other assets to repay the debt
    • Are young enough to convert the loan to a longer-term traditional mortgage at end of balloon payment period

    Do I have to pay a lump-sum of funds at the end of my payment holiday?

    No. If you have opted for a payment holiday, you may choose to honour your deferred loan payments in a lump-sum at the end of the moratorium, or you may choose to have the sum capitalized. If you choose to have the sum capitalized, the sum of your monthly payment could be increased, or you may choose to have the life of your loan extended. However, any extension to the life of your loan will be dependent on your age.

    What do you mean by a graduated mortgage?

    Your graduated mortgage is a beneficial option targeted to assist you with managing your payments. With a graduated mortgage, you start with a low monthly payment and your payments gradually increase over a specified period.


    How long is the graduate period under the graduated mortgage?

    The graduate period is five years or less.


    With the Mortgage Plus, can I benefit from the terms of any of JN Bank’s mortgage options?

    Yes. You have the freedom to choose your mortgage terms based on any of the seven options available to you from JN Bank. You may receive up to 95% financing and up to $5 million in unsecured funds.


    Can I switch to any of these new mortgage options if I am already a JN Bank mortgagee?

    [Answer required]


    Can I blend mortgage options?

    You may have a conversation with our mortgage experts to determine the best option for your needs.