Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can foreigners acquire Mortgages?

April 26, 2017acquire foreigners mortgages

0

0 Posted

Can foreigners acquire Mortgages?

2 Answers

0

0 Posted

• Yes Panama has over 100 Banks for you to choose from. • Rates are similar to US (about 6% – 7%). • Terms up to 30 years. • Financing up to 80% of Value of Property. • Loans on Land are not common. • Fire & Life Insurance will be required. Life Insurance can go up to 75 years which limits the Term of the Loan. • Come prepared Bring Personal References, Tax Forms, Credit History Report and other documentation required. • Our Agents can put you in Contact with Several Banks to go over details.

0

Posted

• Yes Panama has over 100 Banks for you to choose from. • Rates are similar to US (about 6% – 7%). • Terms up to 30 years. • Financing up to 80% of Value of Property. • Loans on Land are not common. • Fire & Life Insurance will be required. Life Insurance can go up to 75 years which limits the Term of the Loan.