The National Housing Trust (NHT) is to reduce interest rates for all mortgagors effective April 1, 2020. The NHT has also put provisions in place to assist mortgagors in arrears. The measures are expected to assist more Jamaicans in becoming homeowners with comfortable loan repayment arrangements.
These and other adjustments to the NHT’s loan policy were announced by Prime Minister Hon. Andrew Holness in his contribution to the National Budget Debate on Thursday March 19.