The invitation below was sent out by email to most business and realtors, I also noticed that another bank, I think it was Fidelity posted an ad in the Compass announcing Fixed Rate Mortgages for a short period. Is this an indication that loan portfolios are dropping because of the 7 year rollover policy or is it simply beause of the USA interest rates scaring of borrowers ? Either way you look at it, this clearly shows me that bankers are finally becoming more receptive to the needs of the home buyer. Any Bankers out there ? We need to hear from you.
FIRSTCARIBBEAN OPEN HOUSE
Saturday 12th August 10AM – 2PM
Main Street Branch
Thinking of buying a home, car or land?
Visit our Open House Loans Session, and learn about our affordable mortgage and loans offerings, and have your questions answered by our qualified Loans Specialists.
Ask about:
Our Fixed Rate Mortgages
Refund of legal fees and closings costs up to US$5,000
100% financing on land and cars
20% discount on property valuations from Deloitte.
Don't Miss This Event
Friday, August 11, 2006
Thursday, July 27, 2006
What do the banks think...
about the 7 year roll over plan ? How can they lend to someone who's life on the island is so short lived?
Any bankers out there who care to comment ? How do you Amortize loans and mortgages ? Are they over 7 years ? WOW what are the repayents over that period ? Do you even lend to expats ? Hummm, lets hear some feedback.
Any bankers out there who care to comment ? How do you Amortize loans and mortgages ? Are they over 7 years ? WOW what are the repayents over that period ? Do you even lend to expats ? Hummm, lets hear some feedback.
Wednesday, July 26, 2006
Welcome
Hello investors, purchasers, vendors and friends,
Welcome to the first blog for the Cayman Islands which focuses on real estate and issues that influences the price or health of the real estate industry in Cayman.
For those of you that are not familiar with a BLOG, look at it as the cheapest place to vent and voice your opinion without paying someone to sit on a couch.
I encourage frank and open dialogue. Use this area to share your opinions and suggestions about immigration laws, e.g. 7 year rollover debate, interest rates and bank control on loans, tourism, over population, hurricanes and safety, expats and influence on real estate prices, Dart and other major developers and the cost or the benefit to the country and any other issue that is just driving you insane.
Don’t hold back, let it out. You can write anything without feeling like you'll be penalized or thrown off the island or lose your work permit and what ever other form of torture you would expect for speaking your mind.
Click on comments below
Welcome to the first blog for the Cayman Islands which focuses on real estate and issues that influences the price or health of the real estate industry in Cayman.
For those of you that are not familiar with a BLOG, look at it as the cheapest place to vent and voice your opinion without paying someone to sit on a couch.
I encourage frank and open dialogue. Use this area to share your opinions and suggestions about immigration laws, e.g. 7 year rollover debate, interest rates and bank control on loans, tourism, over population, hurricanes and safety, expats and influence on real estate prices, Dart and other major developers and the cost or the benefit to the country and any other issue that is just driving you insane.
Don’t hold back, let it out. You can write anything without feeling like you'll be penalized or thrown off the island or lose your work permit and what ever other form of torture you would expect for speaking your mind.
Click on comments below
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