Why Our Owner Financing Program is a Smarter Choice Than Traditional Bank Loans

Welcome to our Owner Financing Programā€”an innovative solution that offers a bridge to the realm of land ownership, without the constraints of conventional lending. Let’s explore why this program isn’t just an alternative; it’s a smarter choice.

1. Low Down Payments and Flexible Terms:

In a world where substantial down payments can be a barrier, our Owner Financing Program stands out. We offer the flexibility of low down payments, making the dream of land ownership more accessible than ever before. Tailored to your unique circumstances, our program provides flexible terms that align with your financial capacity and aspirations.

2. Minimum Requirements, Maximum Opportunity:

We understand that not everyone fits into the same financial mold. Unlike traditional bank loans that often require impeccable credit scores and lengthy documentation, our program is designed with a focus on inclusivity. We believe in the potential of each individual, and our minimum requirements reflect this belief.

3. Streamlined Approval Process:

Time is of the essence, and our fast approval process recognizes that. While traditional bank loans can be accompanied by lengthy waiting periods, our program offers a streamlined approach. Swift decisions mean that you can embark on your land ownership journey without unnecessary delays.

4. Fixed Interest Rates for Stability:

Financial stability is at the core of our program. With fixed interest rates, you can rest assured that your monthly payments won’t be subject to unpredictable fluctuations. This predictability empowers you to plan for the future with confidence.

5. No Hidden Fees:

The world of traditional bank loans often comes with a plethora of hidden fees that can catch you off guard. With our Owner Financing Program, transparency is paramount. We’re committed to ensuring that the path to land ownership is clear and free from unexpected financial surprises.

6. No Stamp Duty Fees and No Valuation Required:

Unlike traditional bank loans, our program doesn’t burden you with Stamp Duty fees. Additionally, we don’t require property valuation, further simplifying the process and reducing the upfront costs associated with land purchase.

7. Opportunity for Those Overlooked:

Our program isn’t just a financial transaction; it’s a testament to the belief that opportunities should be accessible to all. We open the door to land ownership for individuals who might not meet the stringent criteria of traditional banks, creating a path for dreams to flourish.

In conclusion, our Owner Financing Program isn’t merely an alternative; it’s a game-changer. With its low down payments, flexible terms, streamlined approval, fixed interest rates, transparent fees, and inclusive approach, it stands as a beacon of opportunity for those yearning to own land. This program isn’t just about financeā€”it’s about empowerment, aspiration, and making dreams a reality.

Disclaimer: This article is for informational purposes only and does not constitute financial or lending advice. Always conduct thorough research and consult with professionals before making any financial decisions.

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