An Overview of the Lending Industry in Costa Rica
There are a number of similarities that currently exist between
mortgages in Costa Rica and the United States. However, there are
numerous differences as well. It is important to realize that
regardless of the point of origination, most mortgages are
predicated by the credit score of the individual applying for that
loan, the loan to value, and the assets of the borrower. For more information, please refer to our FAQ’s Page.
From a historical perspective, the purchase of property in Costa
Rica was always relegated to “cash only” purchases in the past. That
was especially true where international investors were concerned.
This is no longer the case due to significant changes in the banking
and lending industry here in the country. At one time, procuring a
loan from any Costa Rican bank or lending institution was literally
impossible, but that has changed dramatically.
How do You Benefit from a Mortgage in Costa Rica?
Our company is always focused on assisting you in the mortgage
process where investing in Costa Rican property is concerned.
Despite recent changes in the industry, as well as the availability
of global credit and how it has affected the real estate market in
this country, we are still prepared to help you achieve the best
results possible and have the right tools to accomplish this.
The lending industry is much more cautious now and have raised there
rates considerably. Additionally, the length of time that is endured
during the approval process is also lengthier than it used to be and
some approval periods have stretched out for months at a time. Rest
assured that Mortgage Costa Rica, S. A. will do everything humanly
possible to see that this is not going to happen to you.
Our commitment to you is that we will always strive to do the
- Access any
and all support services you may require during the application
and approval process
- Answer any
financing questions that may arise
any pre-construction obligation
the purchase of an existing commercial property, condominium, or
the purchase of land in Costa Rica
your current Costa Rican property (if one exists) and help you
invest in additional property
your current Costa Rican property (if one exists) help you pay off
your current mortgage
- Travel to
Costa Rica in order to start the application process
your budget capacity for mortgaging any Costa Rican property
- Insure the
closing goes perfectly, no surprises, no problems, with
coordination for location and time to meet your busy schedule
MORTGAGE COSTA RICA, S. A. |
COMPLETE LOAN APPLICATION
Phone: 506-2772-2083 | Fax: 506-2772-4301 | Skype:
3-101-569744 Sociedad Anonima DBA MortgageCostaRica SA