FOR YOU ALL TOURIST OUT THERE ASKING THE SAME QUESTION...
LET`S MAKE A LITTLE COMPARITION.....US vs RD..
IN US YOU USUALLY GET A HOME BY THIS TWO WAYS..
1-YOU SAVE YOUR MONEY FOR THE DOWN PAYMENT,GO TO A BANK ,APPLY FOR A LOAN ,WHEN APPROVED JUST BUY THE HOME AND KEEP PAYING MORGAGE FOR THE NEXT 15 TO 30 YEARS..
2-SAVE THE MONEY TO BUY THE LAND TO BUILD YOUR HOME
WHEN YOU OWN THE LAND THEN YOU WALK TO THE BANK ,APPLY FOR THE LOAN TO BUILD ,AND WHEN APPROVED JUST BUILD YOUR HOME AND SAME THING ,REPAY FOR THE NEXT 15 TO 30 YEARS....
NOW THE DOMINICAN WAY..
1-SAVE SOME MONEY FOR DOWN PAYMENT,GO TO A BANK,APPLY FOR A LOAN AND WHEN APPROVED GET YOUR HOME AND WORK FOR THE NEXT FEW DECADES TO REPAY..(MAYBE 10% USE THIS WAY)..
2-GO TO ANOTHER COUNTRY ,WORK AND SAVE LIKE CRAZY ,AND WHEN FINALLY SAVE ENOUGH .GO THERE AND GET YOUR HOME....
3-SAVE SOME MONEY TO BUY THE LAND(USUALLY CHEAP)..
WHEN OWN THE LAND ..NOW TO WORK HARDER...AND EVERYTIME YOU CAN AFFORD TO BUY A BLOCK OR A BAG OF CEMENT OR SAND OR ANY OTHER BUILDING MATERIAL ..YOU APPROACH IT..AND GO BUILDING YOUR HOME IN A SLOWLY MANNER UNTIL YOU FINALY FINISH IT ......NOW NO MORGAGE,NO INSURANCE,NO TAX ,NO WORRIES YOUR HOME IS TOTALLY YOURS..........SANTO DOMINGO.....HAY QUE LINDO!!!!!!