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JN Bank strengthens mortgage process

JN Bank has announced that it is now offering 110 per cent financing to persons seeking to purchase a house and to cover related expenses. 
 
This means that qualified persons, who choose this mortgage option, will not be required to make out of  pocket payments when purchasing a property. 
 
They can use the funds to cover the deposit for their home, closing costs, and other unforeseen expenses, such as the cost for surveying and valuing the property. 
 
Borrowers may also use the funds to purchase furniture and appliances. 
 
Chief of  marketing and product development at JN Bank, Saniah Spencer, says this is another major step to strengthen the mortgage process and property ownership in Jamaica.
 
She says very often persons are not fully aware of  all the costs involved in the mortgage process and are sometimes not prepared for the expenses.


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