January 8, 2025
We were not able to get the applicants DTI score below 30%. A discussion was had between Terence and Tommy as to if we could extend the offer to her above 30%. It was agreed to do so.
The applicant decided not to proceed as her monthly payments need to be between $700-$800
In the Cayman Islands, the buyer is typically responsible for stamp duty on property purchases (if applicable). This payment is typically due after you pay off your land. However, there are exemptions available, such as for first-time Caymanian property buyers.
For more information, please visit: https://www.caymanlandinfo.ky/Services/VEO/Stamp-Duty
A fill notice is a document informing us you’re ready to begin to fill your site as per planning regulations. You will request this from the developer at the appropriate time.
You are responsible per planning regulations for preparing your lot under the specified requirements. This will include filling and clearing your land. If you require more detail on this please refer to the planning website for more information.
Easy Lot offers a fixed-rate financing program for predictability. There is an early termination fee if you pay off your loan within the first 60 months. This fee is a 15% percentage of the remaining interest on your loan balance.
This section only applies to you should you default on your payments. To avoid this contact us if you’re having trouble paying, so we can help.
Absolutely! You can make additional payments towards your principal at any time. This can help you pay off your land faster.
Easy Lot accepts secure deposits and monthly payments only through online transfer to our CIBC First Caribbean International Bank account.
