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Thread: Mortgage info

  1. #1
    Newbie
    Join Date
    Jan 2017
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    Default Mortgage info

    Hi,

    I'm interested in purchasing a condo in the DR and want to know what is customary for mortgage terms?

    How long do mortgages last in this country?

    What is a typical down payment?

    How is my credit evaluated in this country since I am from the US?

    Not going to be buying soon, but probably within the next 7-8 years when I retire. Just beginning the research work so I can be informed and begin preparations

  2. #2
    Silver
    Join Date
    Jul 2010
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    Default

    Quote Originally Posted by trustquest View Post
    Hi,

    I'm interested in purchasing a condo in the DR and want to know what is customary for mortgage terms?

    How long do mortgages last in this country?

    What is a typical down payment?

    How is my credit evaluated in this country since I am from the US?

    Not going to be buying soon, but probably within the next 7-8 years when I retire. Just beginning the research work so I can be informed and begin preparations
    Do you have residency? That is probably the first thing the bank will ask you. Without it I doubt they will consider lending you anything.

  3. #3
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    Jun 2011
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    Default

    The newbie will retire in 8 years so I doubt it, but as you say No cedula No money.

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