Regarding the subject of Mortgage lenders in Costa Rica The information that exists is really broad. Nevertheless, In this article I do not intend for you to become an expert on the subject.. Amen to that, You will know that they exist lenders with mortgages in colones and dollars. You will also learn the types of guarantees they accept, The location they prefer from them, The deadlines, interest rates and expenses Loans among others. You will also learn some recommendations to get the best results when requesting a Loan to a lender.
Regarding the lenders with mortgage in Costa Rica, There are those who lend money in colones and dollars. The Mortgage lenders in Costa Rica They require a guarantee that supports the loan Like a lot, A house, A farm, a commercial premises and other real estate. Normally credits They are in terms of 6, 12, 24 months and even more depending on your ability to pay. There is also the possibility of expanding the initial deadlines, however, It will depend on your good payment behavior.
The interest rates of Loans with lenders in Costa Rica vary as follows:
- Colones: From a 1,5% monthly to a 3% Monthly and more
- Dollars: From a 1,5% monthly to a 2% monthly
The most common expenses of those credits They are the following:
- Commission: 5% usually
- First month in advance: It will depend on the agreed interest rate
- Safe: It will depend on the value of construction.
- Legal expenses: 2.5% usually
You can find that most lenders They are located in the large metropolitan area so they prefer that the guarantees that will also support the loans are also located in San José, Alajuela, Heredia and Carthage. It is important to mention that they also make exceptions and lend money with guarantees in other rural areas such as San Carlos in the northern zone and coasts.
Important recommendations
- Request only the amount of money you can really pay and be for a business or unforeseen business opportunity.
- Try to have several options to cancel the loan.
- Try to process a mortgage loan with a formal and recognized lender. Many of them have a website and a physical address. They also have a professional presence on social networks such as Facebook and YouTube.
- Try not to advance any money to cover supposed loan costs
- Before formalizing and signing a mortgage with a lender requests a formal written proposal and also a draft writing for review.
- Receive loan money only through bank transfers or management or certificates checks.
I hope this updated information, clear and concrete allows you to make the best decisions when processing a Mortgage loan with a lender in Costa Rica.
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You want to process a mortgage loan with a lender? I gladly advise you in the process thanks to my experience of more than 17 years in industry. Just call me to the same 8387-1235 And I will gladly give you an advice of 30 minutes to respond to your consultations and thus offer you the best rapid mortgage loan option, easy and safe.
César Mora Navarro
Financial and Real Estate Advisor
