National Commercial Bank (NCB) has re-entered the local mortgage market with a single-digit interest rate loan offering. The new facility, introduced earlier this week, features interest rates as low as 9.5 per cent and up to $200,000 cashback for qualified applicants who apply by August 31, 2012. The financial institution said qualified borrowers will have up to 30 years to repay their loans and access to financing of up to 90 per cent of the cost to purchase the house. Additionally, NCB said the facility can be combined with National Housing Trust (NHT) mortgage benefits.
Read more at http://www.jamaicaobserver.com/business/NCB-offers-9-5--mortgages_10766071