Mortgage info

trustquest

New member
Jan 15, 2017
7
0
0
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
 

LTSteve

Gold
Jul 9, 2010
5,449
23
38
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.