FAQ

An appraisal in Curacao involves a professional evaluation of a property’s market value, conducted by a licensed appraiser, essential for transactions like buying, selling, or refinancing. Make sure you hire an idependent appraiser, not a real estate agent also doing apraisales, they might have other interests

An ARM in Curacao is a mortgage with an interest rate that can change periodically based on a specific benchmark index, affecting the monthly payments.

Amortization in Curacao refers to the process of paying off a mortgage through scheduled, periodic payments that cover both principal and interest over time.

Appurtenances in Curacao include additional rights or properties that accompany the main property, such as easements, water rights, or outbuildings like sheds or garages.

Selling a property as-is in Curacao means the seller will not make any repairs or improvements before the sale, and the buyer agrees to purchase the property in its current condition.

An assumable mortgage in Curacao allows the buyer to take over the seller’s existing mortgage under the same terms, interest rate, and remaining balance.