Category: Costa Rica Mortgage

Is the mortgage rate in Costa Rica damaging the economy?

Did you know that the mortgage rate in Costa Rica is outrageous? I pay 9.5% interest rate on my mortgage in U.S. dollars! Politicians have been debating, due to the elections 2018, about economic solutions for the last few months. Because the government needs money. Don’t we all? Now that Carlos Alvarado of PAC was…

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What to expect from a bank appraisal in Costa Rica

Are you buying a house in Costa Rica and needing bank financing to purchase? In that case, you need to qualify for a mortgage first. And you will also need a bank appraisal. The Spanish name for a bank appraisal is “avalúo bancario” and an appraiser is “perito valuador”. There are many more steps involved…

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Can I take over an existing mortgage on a Costa Rican property I purchase?

The advertisement on Craigslist carries the title “Take over an existing mortgage on this property, cheap financing”. The first one to answer on the ad is a foreigner, Jim Luckydeal, who plans to move to Costa Rica and has been planning to buy a Costa Rican property for quite a while. The problem has been…

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Everything to know about selling a property in Costa Rica without freaking out

Estimated Reading Time: 7 Minutes You are selling a property in Costa Rica, your counteroffer was accepted, and now what? In Costa Rica real estate it is common to have sellers from different nationalities. They all have sold houses in their home country. And now they think they have experience in selling a property in…

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Mortgages or Financing in Costa Rica

Your American-European real estate agent can help you determine the best route for mortgages or financing in Costa Rica. This should be done according to conditions in the market and your personal situation. In today’s market, if you are looking to purchase a property through mortgage financing with a Costa Rican bank, you need to…

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