Banks in Curacao apply different underwriting policies
Banks in Curacao apply different underwriting policy for the island residents and non residents of Curacao. When you buy a property in Curacao while you are still living and working are in the Netherlands, it can be advantageous for you because of the fact that you may not have a steady income, which is generally higher than the income you will have on Curacao. The disadvantage, however, that the bank a higher amount will apply for ownership (at least 30% of the market value of the property) It is true that when you decide to apply for the loan only when you come to Curacao , there may include a condition that you must have a permanent contract at least one year from your employer in Curacao. That would mean that you are anyway not qualify the first year for a mortgage. Naturally, each bank uses its own underwriting policy and each individual situation will be assessed on its merits. We are fully aware of all the conditions of the various lenders on the island and help you find the right form of financing with the best deals.
