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   Monday, February 06, 2012
  
  
           
 
CONTACT US
 
US toll free:
800-521-4947
Office #1:
(+506) 2777-5018
Office #2:
(+506) 2777-5288
EMAIL
US toll free:
800-521-4947
Office #1:
(+506) 2777-5018
Office #2:
(+506) 2777-5288
EMAIL
   
           
 Los Altos, 25 Year Financing Available Minimize  

Rica has been a cash only transaction for foreigners. Either you have the cash, or obtain it by refinancing an asset back home. Trying to obtain a loan from a bank in Costa Rica was almost impossible.

That has changed dramatically with today's announcement; Banco Banex in Costa Rica in cooperation with Stewart Title Mortgage has forged a strong relationship to develop a new lending program specifically designed  for non-resident citizens.

The Los Altos Condominiums Project has been pre-approved for this program, thus making for an easy and fast approval process for potential buyers.

Rica has been a cash only transaction for foreigners. Either you have the cash, or obtain it by refinancing an asset back home. Trying to obtain a loan from a bank in Costa Rica was almost impossible.

That has changed dramatically with today's announcement; Banco Banex in Costa Rica in cooperation with Stewart Title Mortgage has forged a strong relationship to develop a new lending program specifically designed  for non-resident citizens.

The Los Altos Condominiums Project has been pre-approved for this program, thus making for an easy and fast approval process for potential buyers.

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 Financial Conditions Minimize  
Maximum Loan Term Up to 25 years
Payment / Income Relation 25%
Maximum Credit Amount Based on your Credit Report
Debt to Income Ration 40%
Annual Interest rate based on N.Y. Prime Rate Prime + 0.50%
Minimum Interest Rate 8.00%
Review & Rate Adjustment Quarterly
Loan to value maximum over appraisal up to 80%
Origination Fee (one time) 1.5%
Credit Record Study (Stewart Title) $280,00
Insurance (U.S.A Policies accepted) Life & Patrimonial
Stewart Title 0.75% of Property Value
Pre-payment penalty NONE
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