Our Owner Financing Program Won’t Jeopardize Your Bank Loan

When it comes to your financial aspirations, we understand the importance of a worry-free journey. Our Owner Financing Program is designed to seamlessly integrate with your financial landscape, ensuring that your bank loan remains untouched. Here’s why our program offers a distinct advantage without posing any risk to your existing banking relationships.

1. A Separate Avenue for Ownership:

Our Owner Financing Program operates independently from traditional banking services. By choosing to finance your land purchase with us, you’re opting for an alternative route that doesn’t interfere with your current or future bank loans. The two pathways remain distinct, offering you the freedom to explore property ownership without any compromise.

2. A Contract, Not a Bank Agreement:

Unlike bank loans, our program entails a contractual agreement between you and us. We don’t function as a bank, which means your participation in our program won’t impact your banking relationships or loan applications. This clear separation ensures that your financial activities with us don’t intertwine with your dealings with traditional financial institutions.

3. Legal, Transparent, and Secure:

Rest assured, our Owner Financing Program is rooted in legality, transparency, and security. The contract you enter into with us is established on a solid legal foundation, ensuring that your interests are protected. Our commitment to transparency means that you have a comprehensive understanding of the terms and conditions, giving you peace of mind as you embark on your land ownership journey.

In conclusion, our Owner Financing Program offers you the best of both worlds—a pathway to property ownership that’s distinct from traditional banking, ensuring that your bank loans and financial relationships remain intact. With clear separation, legal safeguards, and transparency, you can confidently explore land ownership without any concern for the impact on your banking endeavors.

Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Always consult with legal and financial professionals for accurate information regarding contractual agreements and financial matters.

Section 27

Who is responsible for stamp duty on my land purchase?

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

Section 13.2

What is a fill notice and when do I need it?

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.

Section 13

Can you explain what it means to fill and clear the plot as per the fill notice?

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.

Section 9.4

Is there a fee for paying off my land early?

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.

Section 9

What are the Fees & Expenses in the sales agreement and why do these pertain to me?

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.

Section 5.1.2

Can I make extra payments towards my loan?

Absolutely! You can make additional payments towards your principal at any time. This can help you pay off your land faster.

Section 4.2.2

How do I make my deposit and monthly payments to Easy Lot?

Easy Lot accepts secure deposits and monthly payments only through online transfer to our CIBC First Caribbean International Bank account.

  • Beneficiary Account Name: High Rock 67 Ltd
  • Beneficiary Bank: CIBC First Caribbean International Bank Cayman Ltd
  • Beneficiary Account No: CHECKING Account: 10488412
  • Swift Code : FCIBKYKY
  • Currency: KYD (Cayman Dollars)
  • Bank Address: 25 Main St, George Town, Cayman Islands