Lending criteria has been tightened pretty much after the recent world economy problems. Punta Cana Lifestyle Real Estate can help you locate a financial advisor that can work with your interests at heart, and help track down a mortgage that best suits your financial situation.
Why apply for a loan before you start looking?
Firstly, like most REALTORS®, it’s a lot easier for us to help you if we know what your budget is. That way, we can save you time by not showing you properties that don’t fit your wallet. Secondly, buyers who are pre-approved are much more likely to see their offers accepted. In short, as a REALTOR®, we know that if you have been pre-approved for financing, there is a much better chance of the deal going through.
In the Dominican Republic, ScotiaBank Dominicana offers financing to UK, Canadian and US citizens (including residents of Puerto Rico.) It’s possible to get up to 70% financing on a 25-year mortgage at rates beginning at 7%.
More information about pre-approval and the documents you will need to provide, contact Jocelyn Hernandez Irizarry at (809) 552-0421 or fill out the form below!