First Global Bank enters mortgage market
New homeowners now have more options to finance their dream home with First Global Bank (FGB) officially launching their mortgage product, FGB Mortgage.
With its newly-launched campaign, 'The Next Move is Yours', FGB in a news release said it aims to deliver a product which makes homeownership easier and more accessible. They offer up to 95 per cent financing, at a rate of eight per cent with up to 30 years to repay.
“Homeownership is still considered a big audacious goal which many persons find unattainable before the age of 40,” said Shanelle Bethune, Marketing Officer at First Global Bank.
“We are aiming to change this perception. Whilst some financial institutions offer comparatively lower interest rates, they usually require a savings commitment of a minimum of 18 months at a minimum threshold, as a prerequisite to accessing financing at their special rate. First Global Bank allows any customer to access mortgage financing as soon as they are financially ready,” she added.
According to the company, while the average processing time in the market is 90 days, new FGB mortgagors can expect to have their applications completed within 30 to 45 days upon submission of all documentation.
Noting that a home is one of the largest investments most people will make in life, FGB said the mortgage campaign is designed to educate and empower homebuyers to make this next move.
A unique experience, dubbed ‘FGB Mortgage Expo’ will be hosted on Saturday, August 24 from 1 pm to 5 pm at Sovereign Village Portmore, the company said, noting that it will serve as a one-stop shop for all things mortgage, bringing together several key resources for homebuyers including NHT, GK Insurance, Remax Elite, Hawkeye and Grace Foods.