How to Secure a Mortgage in Curaçao – Helpful Tips

Purchasing a home in Curaçao is an exciting venture, but securing the right mortgage is essential to making your dream a reality. To help you navigate the process smoothly, here are the six key steps to obtaining a mortgage on the island.

1. Review and Sign the Purchase Agreement

In Curaçao, the purchase of a property begins with a purchase agreement. This legally binding document outlines the terms of the sale. Once signed, you have a three-day reflection period to reconsider the decision.

Consider including resolutive conditions in the contract. These conditions allow you to withdraw from the agreement if specific circumstances arise, such as financing difficulties or unsatisfactory property inspections.

2. Choose the Right Mortgage for Your Situation

After signing the purchase agreement, the next step is to find the best mortgage for your financial circumstances. Mortgages vary greatly depending on your goals and budget, so working with an experienced advisor can help tailor a solution that fits your needs.

Feeling uncertain about your first mortgage consultation? Prepare by reviewing key questions to ask your advisor to ensure you make well-informed decisions. For further guidance, feel free to contact me for an appointment.

3. Arrange for an Appraisal (and Optional Structural Inspection)

Mortgage lenders in Curaçao require an appraisal to assess the market value of your new home. This step is essential, except in some cases involving new-build properties. An independent appraiser will conduct this valuation.

Consider arranging a structural inspection simultaneously. If your purchase agreement includes a resolutive condition stipulating that the property must meet technical standards or require minimal repairs, you can cancel the agreement if significant issues are uncovered.

4. Gather the Required Documentation

Once you have selected a mortgage lender, it’s time to collect the necessary paperwork. Expect to provide:

• Valid identification
• Recent salary slips
• Proof of equity or outstanding loans
• The signed purchase agreement
• The appraisal
• Tax Reports
• Loss and Profit (in case you have a business)

Additionally, some lenders may require term life insurance as part of the mortgage approval process. I can assist in arranging this for you.

5. Finalize and Sign the Mortgage Offer

While you envision paint colors and kitchen renovations, I’ll handle the logistics. The mortgage lender will review all submitted documents, and once approved, you’ll receive the final offer.

Most documents can be submitted digitally, streamlining the process and saving valuable time. Once everything is in place, it’s time to sign and finalize your mortgage.

6. Visit the Notary for the Final Signing

With financing secured, the final step is a visit to the notary to sign the mortgage deed. This process, known as passing, formalizes the transfer of funds to the seller, officially making you the property owner.

Congratulations! Now it’s time to celebrate this milestone and enjoy your new home.

Your Mortgage, Simplified

Feeling overwhelmed? Don’t worry – I’ll guide you through the entire process, ensuring you understand each step and make the best decisions for your future. From initial calculations to closing, I provide personalized support and transparent advice.

Interested in learning more? Schedule a consultation today – it's completely free and without obligation.

📧 adriaan@sunlife.realty
📞 +5999 686 2994

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