The most common financing we offer throughout the Caribbean, are condo loans. Condos are the most hands off property you can own, as they rent so well when you aren’t using them. Often the resort will offer management and rental services meaning all you need to do is cash your check every month.
Loan requirements vary depending on the lender. It can be as simple as an application, passport and condo financials for our private mortgage lenders. Of course you will also need the 50% down payment that our lenders require regardless of lender.
Some of our lenders will want to see personal financials and net worth statement, although the loan may not be fully qualifying as in the case of our non prime lenders.
With a rental history from the condo, this will put the lenders mind at ease that servicing the debt is not going to be an issue.
We are not limited in what we can offer on our condo loans, we have private, non prime and prime jumbo loans. We will lay out your options to find the right condo loan for you. Everyone wants the best rate, but often that is not an option for your situation.
Talk to us today about our condo loans in the Caribbean!