Taking Out a Mortgage in Curaçao? Follow These 6 Steps:

Carefully Review the Purchase Agreement and Sign It

In Curaçao, just like elsewhere, the purchase of a home is recorded in a purchase agreement. After signing, you have a 3-day cooling-off period. If you include resolutive conditions in the contract, you can still withdraw if one of these conditions applies. A common example is when you are not yet certain whether you can secure financing for the property.

Find the Best Mortgage for Your Situation

Purchase agreement signed? Then it’s time to arrange the mortgage. I keep saying it: every mortgage is different. Your mortgage is fully tailored to your personal situation and preferences, for example regarding monthly payments. An advisor will guide you through the process step by step. Feeling nervous about your first mortgage meeting? I’ve prepared 12 questions you can ask your advisor so you’ll be well prepared. Ready to get started? Contact me to schedule an appointment.

Have Your New Home Appraised (and Possibly Inspected)

As in any other country, mortgage lenders in Curaçao want to know the value of the property. A property valuation is therefore mandatory (for new-build homes this may sometimes not be required). A certified appraiser determines the market value. This is also a good time to arrange a structural inspection. If you included a condition in the purchase agreement stating that the property must be technically sound and that repair costs may not exceed a certain amount, you can withdraw from the purchase if significant defects are found.

Gather All Required Documents

Once you have chosen a mortgage lender, the real paperwork begins. You will need to submit a range of documents, such as a valid ID, salary slips, proof of own funds and any outstanding loans, the purchase agreement, and the valuation report. In many cases, a life insurance policy is also required — which I can arrange for you as well.

Time to Sign

While you are choosing paint colors for the bedroom and already redesigning the kitchen in your mind, I make sure everything is arranged behind the scenes. The mortgage lender reviews all submitted documents. Everything can be uploaded digitally, saving a lot of time. Once approved, it’s time to sign the final mortgage offer.

Finally, Visit the Notary

When the financing is complete, you will visit the notary to sign the mortgage deed — a process known as passing. The notary then transfers the funds to the seller. From that moment on, the home is officially yours. Definitely a moment for another glass of champagne.

I Know Everything About Your Mortgage — Soon You Will Too

Feeling overwhelmed? No worries. I’ll think along with you and help you make the right choices. I handle the calculations and ensure an efficient process. Want to know more? Schedule an appointment and I’ll explain everything, completely free and without obligation.

Adriaan Smit
📧 [email protected] 
📲 +599 9 686 2994

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