Hello,
I am a Canadian living and working in the DR.
I am currently living in a rented home in Santiago and have paid the rent up front for a full year in advance. My year is up in July. I am currently working at a recognized company in the city and have 2 bank accounts in the country ( well one is at a cooperativa - San Jose)
My question is, after thinking about it for a while with my fiance, we think it would make alot more sense to look for our own home after our year is up this July rather than keep renting. How difficult is it for a Canadian to get a loan on a home here.What I have is a valid passport, a steady job ( letters can be obtained from work). and some savings in a cooperativo in the country.
Is it a difficult process to get approved here and what kind of interest rates are offered for home loans in the country?
Any info on any of these questions i have would greatly be appreciated,
Thanks in advance,
Adrian
I am a Canadian living and working in the DR.
I am currently living in a rented home in Santiago and have paid the rent up front for a full year in advance. My year is up in July. I am currently working at a recognized company in the city and have 2 bank accounts in the country ( well one is at a cooperativa - San Jose)
My question is, after thinking about it for a while with my fiance, we think it would make alot more sense to look for our own home after our year is up this July rather than keep renting. How difficult is it for a Canadian to get a loan on a home here.What I have is a valid passport, a steady job ( letters can be obtained from work). and some savings in a cooperativo in the country.
Is it a difficult process to get approved here and what kind of interest rates are offered for home loans in the country?
Any info on any of these questions i have would greatly be appreciated,
Thanks in advance,
Adrian