Mortgage Insurance Act to be Amended to Assist Home Buyers
The Ministry of Transport, Works and Housing has received Cabinet’s approval for a proposed amendment to the Mortgage Insurance Act,aimed at making mortgages more accessible for persons seeking to acquire a home. Minister with responsibility for Housing, Hon. Dr. Morais Guy, says this will allow for an increase from 90 to 97 per cent, the Mortgage Indemnity Insurance coverage of...