Mortgage Rate Cayman

Old Mar 14th 2015, 7:41 am
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Default Mortgage Rate Cayman

Hi There,

I am moving to Cayman islands in a few months and I have seen a house I liked, i searched the banks websites but I couldn't find a current interest rate offered. If i put down 30% deposit what rate could I expect for a 5 year fix?

Thanks
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Old Mar 15th 2015, 2:00 am
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Default Re: Mortgage Rate Cayman

The interest rate at the moment is about 6.25% p.a. ("prime" plus 3%). Using that figure, I think you can probably figure out the monthly repayment; there's a formula for that, I think.
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Old Mar 15th 2015, 6:02 am
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Default Re: Mortgage Rate Cayman

That is great thanks!
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