Financing Program


	We Can Finance Your Lot Purchase! With at least 50% down, we will finance up to 50% of your total lot purchase (does not include the closing costs)

Payoff period is one to three years

The interest rate is:

9% (APR) when financing for one year

10% (APR) when financing for two years

11% (APR) when financing for three years

There is no prepayment penalty fee

Your monthly payment will remain the same throughout the entire term of the loan

Your title is transferred when the loan has been paid in full

The Closing Cost of Each Home Site Shall Include

Legal fees to prepare and register the transfer instruments that lead to the issuance of Title in your name to the parcel(s) of land being purchased.

Belize Government Stamp Tax and Alien Land Holding Tax. The Stamp Tax and Alien Land Holding Tax total 15% of the parcel purchase price.

Administrative filing and the submission of closing documents that require registration. The closing documents include, but are not limited to

Transfer Instruments and Affidavits and/or Belize Transfer of Land document

Transfer Certificate of Title or registered Land Certificate

Survey

Declaration of Covenants, Conditions, Restrictions, Easements and Building Guidelines for Camino Del Rio ("Declaration")

Mortgage Instruments, if applicable

Follow these easy steps to determine your total loan amount and monthly payment amounts.

STEP 1. Determine Your Total Purchase Cost
A. Determine the cost of your home-site
B. Add in the Settlement fees (see chart of closing cost expenses below)
C. Total the Home-site cost and settlement fees
D. Determine the amount that will be financed (up to 50 percent)

STEP 2. Monthly Payment Calculator
A. Enter the "Loan Amount" up to 50% of the total purchase cost
B. Enter the ''Interest Rate'', 9, 10 or 11 percent
C. Enter the "Loan Period," one, two or three years
D. Then, click on the "Calculate" button. The result is your "Monthly Payment Amount" in US dollars. If you wish to change the "Loan Period" or "Loan Amount" just click on the "Reset" button
Click here for Estimated Settlement Fees

To calculate the monthly payment amount

Loan Amount

US$

Interest Rate

%

Loan Period

Years

Payment-Frequency

Monthly Payment Amount

US$

To calculate the monthly payment amount, simply plug in your numbers. Try other numbers as well to see what effects are produced by changing either the loan amount or the loan.