Mortgages
The purchase of a house is the
greatest investment that most people make throughout their
lives. It is a decision that must be based on the greatest
quantity of information possible and the best financial
advice you can obtain. Our mortgage loans have been
designed thinking of you, offering you different options
of interest, term and fees, to adapt to your needs.
We offer you the best plans in
order that you may purchase or remodel your house. You
have up to 30 years to repay the loan, at attractive
interest rates, in colones, dollars or our exclusive
ScotiaMix option; with monthly payments in accordance with
your capacity.
ScotiaMix
ScotiaMix
is a novel way of financing, unique in the local market,
which on the one hand, diminishes the risk of a financing
in dollars, and on the other, offers you a monthly payment
lower than the one of a loan 100% in colones.
ScotiaMix is the
combination of a mortgage in dollars and a mortgage in
colones in a single loan, in which the percentage of the
amount in colones and dollars depends on your needs and
possibilities.
Our team of financial advisers
will help you to determine the best combination of credit
for you, in accordance with your needs and financial
capacity.
We invite you to figure the
numbers out.
Visit us at any of our
branches.
More information at
800-1Scotia (726842)
Loans for purchase of lots
Scotiabank gives you the
possibility of purchasing your lot in a residential zone,
for the purpose of building your house there in the
future, at very competitive interest rates and conditions,
and the quality of service of Scotiabank.
For further information, call
800-1Scotia, or visit us at any of our branches!
Download Documents:
1. Application Form.
2. Loan Sales Form.
3. Mortgages Information.
4. Terms & Conditions. |
Historically,
buying real estate in Costa 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.
Historically, buying real estate in Costa 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.
Loan
Program Details For a house or condo, Banex offers a 20
year adjustable rate mortgage with a 25% down payment
requirement (75% LTV) for a wage earner and 30% down
payment (70% LTV) for self-employed or non- wage earning
borrower.
On land (lot), Banex will loan
up to 10 years with a 40% down payment (60% LTV). There
are no pre-payment penalties. Title insurance is available
through Stewart Title. This financing option is designed
to get you invested now in Costa Rican real estate so you
can immediately begin to take advantage of price
appreciation over time. You can always sell the property
in a year or two to cash in your equity build up or sell
another asset later, and pay off the loan.
Download Full Document and Application Form
Contact Banex Bank by email
www.banex.fi.cr
Tel. (506) 257-0522
Fax. (506) 256-0210
Apdo. Postal: 7983-1000 San José
Av. 1, C. Ctrl, Edificio Banex, San José
Contact Stewart Title by email
www.stewarttitlelatinamerica.com
Chris Hill
General Manager
Stewart Costa Rica, ABC, S.A.
Barrio Otoya, Avenida 9, Calles 13-15
Edificio Teral No. 2, segundo piso.
San Jose, Costa Rica
Centro America
Office: 011-506-2258-5600
In Costa Rica: 800-STEWART
Fax: 011-506-2222-7936 |
