Financing

• email: nett@connectifa.co.uk (if the form is scanned, or converted to pdf)
• fax: 011 (international access code), 44 (country code for England), 870 428 6576 (fax number)

Connect Overseas will process the information on your form before contacting you with either an Approval in Principle or, if necessary after considering the circumstances, a request for further information. Typically, you will receive an Approval in Principle within 24 to 48 hours.

Important! If you have not heard from Connect Overseas within three business days after submitting your pre-application form, please contact Jeanette Potts, Client Services Manager, by email at nett@connectifa.co.uk, or by telephone at 011 (international access code), 44 (country code for England), 870 428 6574 (telephone number), to verify that your pre-application form has been received. Alternatively, you may contact Diane Faile at dino@rogueinvestor.com and ask that she follow up for you.

Step 3: Approval in Principle

Connect Overseas will request an Approval in Principle (also referred to as a Decision in Principle) directly from the lender. This is normally an underwritten approval based on the information you have disclosed and, although not a guarantee, most people obtaining an Approval in Principle will be able to obtain the final mortgage offer.

When the lender has given an Approval in Principle, Connect Overseas will send you an email with an attachment that includes a quote that outlines the terms of your approval (entitled A Guide to Your Mortgage Costs). The email also will include the Overseas Finance Terms of Business and Client Agreement Letter, which provides the details for completing your mortgage application.

Important! You will be advised by Connect Overseas in this email that there may be other costs associated with the purchase of your property, including, but not limited to: legal fees, notarization fees, company set up fees, transfer taxes, stamp duty, insurance costs, agent fees, land taxes, currency exchange fees, and contract penalty clauses. You will also be told to consider other ongoing costs after the property has been purchased, such as tax on profits, bank charges, maintenance costs, insurance and management fees.

Other than the fees charged by Connect Overseas for you to secure financing on your lot purchase, you will only be required to pay the non-financed portion of the agreed upon purchase price of your lot(s) to Ocean Star Estates, LLC. There are no additional closing fees assessed by Ocean Star Estates, LLC.

Step 4: Complete Full Application and Pay Application Fee

The Overseas Finance Terms of Business and Client Agreement Letter explains what services Connect Overseas will provide to you (only the Standard Service is available for loans in the Dominican Republic) and the basis on which it will provide these services. Your instructions to Connect Overseas to proceed either to advise you or to arrange lending on your behalf amount to your acceptance of the terms set out in this letter.

To start the mortgage application, you will need to sign and date the Terms of Business letter and return it to Connect Overseas. They will commence work on your application on the basis of an email confirming acceptance of the Terms of Business, but a signed original must be mailed to them.

In addition to the signed Terms of Business letter, an Application Fee of 395 Great Britain pounds ($786 U.S. dollars using the currency conversion rate on January 31, 2008) is required to start the mortgage application. Connect Overseas is only able to accept credit or debit cards as a method of payment. You may use the Credit Card Authorization Form included with the Terms of Business letter. If you prefer to give the credit card details over the telephone, the company's business hours are 9:00 a.m. to 5:30 a.m. Monday through Friday. Please take into account when calling that you will be approximately 5 to 8 hours behind them in time, depending on your location. Alternatively, you can email your card details to info@connectoverseas.co.uk.

The lending bank may require confirmation of the existence and measurements of your lot(s) as part of its valuation. The fee to you to have a survey conducted is approximately US$200 - $600 (depending on the amount being financed). This fee would be due along with your application fee.

Upon receipt of your signed letter and application fee (and survey fee if required), Connect Overseas will send you by email the lender’s application form to sign, along with information on the mortgage process and a full list of the documents needed by the lender, although further documentation may be requested by the lender at a later date.

Step 5: Final Offer by Lender

Upon a formal, final offer by the lender, you will be asked to pay a Success Fee of 395 Great Britain pounds ($786 U.S. dollars using the currency conversion rate on January 31, 2008) in order for Connect Overseas to finish processing your application.

Step 6: Preliminary Closing with Ocean Star Estates, LLC

Once you have accepted the final mortgage offer and paid your fee, you will receive a closing packet from Ocean Star Estates, LLC that includes the Promise of Sale contract for your signature. You will be asked to sign two copies of this contract and return them along with the non-financed portion of your payment towards your lot(s). A notarized contract will be returned to you. Proof of this payment is required by the lending bank before it will release the mortgage funds.

For more details about the closing process, click here: http://www.oceanstarestates.com/closing-process.html.

Step 7: Closing with the Lender

We will send Connect Overseas proof of your payment of the difference between the purchase price and the mortgage. At that time, your mortgage application can be completed.

Step 8: Final Closing with Ocean Star Estates, LLC

Once we have received payment from the lender for the financed portion of your property, you will receive a closing packet from us that includes the Act of Sale Under Private Signature contract for your signature. You will be asked to sign two copies of this contract and return them to us. A notarized contract will be returned to you, and with this you will have provisional title to your property.

For more details about the closing process, click here: http://www.oceanstarestates.com/closing-process.html.