How do customers qualify for “cash back” under the new Home Start program?
Customers will get a portion of their deposit once the loan is disbursed. See the example below which is based on the assumption that a 15% deposit is required and JNBS’ financing amount is 95%. Example: Purchase Price: J$1,000,000 Deposit (15%): J$150,000 Loan Amount: J$950,000 Cash Back: J$100,000 (available for closing costs or refunded to the customer in cash at disbursement).
