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Thread: Mortgage rates

  1. #1
    Senior Member
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    Mortgage rates

    I am thinking of purchasing a townhouse in Aruba. Does anyone know anything about what the going rates are, and whats required to get a mortgage?
    Dom
    First visited Aruba in 1972
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  2. #2
    Aruba since 1979
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    Andrea J.'s Avatar
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    http://www.arubabank.com

    try contacting aruba bank
    see link above.

  3. #3
    Senior Member
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    I found it better to take a home equity loan in the states and use it it to buy in aruba the rates and convience were much better
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  4. #4
    Junior Member
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    Non-Resident Mortgages:

    Here is my personal experience with non-resident mortgages:

    1. the interest rate is ridiculous (>10%)
    2. they demand a 50% down payment
    3. they will only finance for 10 years
    4. there are limited numbers of mortgage dollars reserved for non-residents every year and they are often gone within the first 6 months of the year so if you apply after that, you are out of luck

    In short, they are not a very desirable option...
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  5. #5
    Senior Member luvsun's Avatar
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    What about if you are a resident??
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