In Punta Cana Property GL CB we suggest some mortgage allies with whom you can be in contact to receive the best advice and choose the entity you prefer.
What do we take into account to suggest some banks?
1. Solvency and trajectory of the financial institution.
2. Interest rate.
3. Time in which the rate will remain fixed.
4. Closing costs.
Dominicans can purchase a loan of normally 80% of the sale price. Some banks under certain conditions offer 90%. Foreigners can acquire a loan of 50% to 60% of the sale price of the property.
Who can purchase a mortgage loan?
Dominicans residing in the Dominican Republic
Dominicans living abroad
Foreign
Steps to follow:
The client chooses the property
We proceed with the pre-abrobación bank
The client can make the payment of his reservation if he has the pre-approval.
Budget and ability to pay
Before making a property reservation, the bank must know what your budget and ability to pay is to ensure that you have your mortgage loan.
Requirements:
Foreigners and Dominicans living abroad
2 Last taxes paid
3 Latest statements
Entry certification (as a work letter)
Identity documents (Cédula or Passport)
Dominicans and residents in the Dominican Republic
3 Latest statements
Entry certification (as a work letter)
Identity documents (Cédula or Passport)
Bank pre-approval does NOT mean a mortgage credit approval. It only means that the client has the ability to have their mortgage loan for the purchase of the property.
Important: The requirements and request for information may vary depending on each entity.
