Mortgage Loans

A mortgage can make your dream come true! If you are thinking of buying, building, expanding or renovating
your home, consider a mortgage loan from one of our mortgage banks in the Dutch Caribbean. We can grant
you a mortgage repayable in up to 30 years as well as provide assistance by recommending an appraiser,
arranging insurance, and providing technical advice.
If you are planning to invest in a piece of land loans can be granted repayable in up to 5 years.

Here are a few important points to consider when applying for a mortgage:

• monthly payments may not exceed 1/3 of your net (after tax) salary
• we ask that the property be appraised by an independent appraiser
• the property should be insured against fire to protect you and us
• you should have life insurance to protect your family
• the land can either be your own or long-lease('erfpacht')
• we will ask you to contribute to your home from your own sources
• notary costs

Mortgage loans are available for:

• purchase of property
• construction or renovation
• purchase of land
• home equity loans for investments, emergencies, expenses, etc.
• consolidation of debts or other major expenses

A decision to finance is generally taken within 48 hours. Fill out the application form and fax or mail it to us.
Make sure that you have included your salary slip, information on any existing deductions or loans and an
appraisal report, if available. Let our professional staff help make your dream come true.

Source MCB-Bank