Interested in buying property in dr

st3v3

New member
Apr 3, 2011
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I have never bought only rented property but the question is, i want to buy an apartment in dr but i want to get a morgage, how does that work in dr.
 

Expat13

Silver
Jun 7, 2008
3,255
48
48
I have never bought only rented property but the question is, i want to buy an apartment in dr but i want to get a morgage, how does that work in dr.

Find Realtor-find property-meet bank to discuss loan-convey with lawyer-cut cheque-move in-make payments-Wish you knew who your neighbours were before buying!!!! Oh Forgot to mention-each one of these steps will be illogical, confusing and maybe outright theft will occur!
 

Maribeldiaz70

New member
May 20, 2012
16
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Im Dominican and my husband is AmericAn, we took out a loan and he did not need a Cedula. They checked our credits with Transunion, and after a looooong month of papers back and forth, we had our loan. The real estate company we usednhelpednus with the loan. I like Banco Popular but we took the loan with Scotia Banks.

we needed the passports, credit reports, bank statements from our business in the states, assets.

I can recommend Mr. Jean Pierre from Scotia Bank from La Romana, who was very helpful with us.
 

Maribeldiaz70

New member
May 20, 2012
16
0
0
Im Dominican and my husband is AmericAn, we took out a loan and he did not need a Cedula. They checked our credits with Transunion, and after a looooong month of papers back and forth, we had our loan. The real estate company we usednhelpednus with the loan. I like Banco Popular but we took the loan with Scotia Banks.

we needed the passports, credit reports, bank statements from our business in the states, assets.

I can recommend Mr. Jean Pierre from Scotia Bank from La Romana, who was very helpful with us.
 

hammerdown

Bronze
Apr 29, 2005
1,394
40
48
Im Dominican and my husband is AmericAn, we took out a loan and he did not need a Cedula. They checked our credits with Transunion, and after a looooong month of papers back and forth, we had our loan. The real estate company we usednhelpednus with the loan. I like Banco Popular but we took the loan with Scotia Banks.

we needed the passports, credit reports, bank statements from our business in the states, assets.

I can recommend Mr. Jean Pierre from Scotia Bank from La Romana, who was very helpful with us.

All about right on, but don't forget the 30-40% down payment required by most banks to give a mortgage
 

drescape24

Bronze
Nov 2, 2011
1,918
0
0
Loans are at a much higher interest also. I bought my condo in Sosua outright so I have some experence that can help. Find a good realestate agent, and yes there some good ones out there. ( I am not involded with realestate) . Try using an agent and take your time finding someone who own a property that needs to sell who will hold tbe mortgage. Those properties are out there I kbow of one in my complex. I wish you all the best.
 

Casino127

New member
Jan 13, 2012
214
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You can also look for a property to buy by yourself without agencies or brokers who are taking %. Discuss with the owner the amount you want to put down (Deal hard the matter with time and a good meal). Discuss the amount you want to get as a loan from him and time to be repaid. When everything is done go to your lawyer and get everything down on papers. That s all you need.