Wednesday May 1, 2019 | National Housing Trust
Budget Debate: Reduction in Students' Loan Bureau interest rates
The National Housing Trust (NHT) has improved its contributors’ ability to afford home loans, following an increase in the NHT’s loan ceiling from $5.5 million to $6.5 million. In addition, the NHT has reduced interest rates for all mortgagors and has made adjustments in the income bands to which interest rates are applied. The changes became effective on May 1, 2019, retroactive to April 1, 2019.
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 Tuesday, March 19, 2019.