For those looking for mortgages to buy property abroad, you will find a broad range of possibilities for financing a Caribbean real estate investment on Curacao.  Local banks are eager to offer up to 70% financing to those who qualify.   Take a look  at the terms and conditions below.

TERMS:

• Amortized for up to 15-20 years
• Turnkey: 70% financing based on end valuation or purchase price whichever the lesser
• New construction: 60% financing of construction cost
• Land only: 50% of purchase price (maximum term of loan is 5 years)
• Equity Release: 50% of the lesser value between (original) purchase price (if owned less than 2 years) or market value (if owned more than 3 years.
• Variable interest for 3 and 6 months and 1 year.
• Fixed terms available for 2 & 3 & 5 year options (Penalty for early repayment)
• 1% closing fee
• Mortgage currencies: USD / GBP / CAD / EURO

Please note that loans are fixed to US LIBOR/EURIBOR. US LIBOR/EURIBOR rates changes daily. more…