Forgive me for having these doubts ringing in my mind but a Dominican young lady with US $20,000 saved??? Looking to buy a US $35,000 property on the beach front??? Being a local, she MUST know where she can get loans from & how much they will cost her per month!!
I know nothing of her situation I agree & I am possibly malighning the young lady dreadfully, but I smell a scam coming on here & would advise extreme caution how you progress. Loans for this sort of purchase would probably cost her 28% pa. & she would have to pay the capital back in a five year period, so US $15,000 at 28% pa = US $4,200 pa which is RD $11,200 per month. She then has to save a further US $15,000 out of her income to pay that back at the end of 5 years (or sooner)!! Where is this good lady going to get that sort of an income from - a SECURE one, not one that MIGHT come from renting the property out??
Ask a LOAD more questions of the lady quietstorm, I think you may find a few flaws in her reasoning, hopes & aspirations! ~ Grahame.