Danny Ruiz
Puerto Rican citizen
Forum posts
13
Contacts
1
About me
Puerto Rican, Married with children
Lives in San Juan
Speaks English Spanish
Registration: 29 December 2016
Activity
Preparing to purchase beach home by Psych2
Hi, I am heading to Luquillo Beach for 4 months to relax, enjoy the culture and hopefully to locate a beach house for purchase. This will be my 3rd visit to Puerto Rico. Question: What are the most important questions and concerns about purchasing ...
Welcome to the Island. All of the advice above os great. Title search, taxes "crim" check and a lawyer. You didn't mention if is a cash buy or if you are going to finance. If you are going to finance with a local lender as a second ... Read More
Moving to PR Need help (agent to find accomdations) by Ranaye
Hello! Anyone know of an English speaking agent that can help me find housing for 6 months-1 year? I am interesting in renting an apartment, condo or "higher end" accommodations. Thanks! Ranaye
Close to Baldwin are very good neighborhoods with monthly payment rents beginning at $800. You might check Quintas de Baldwin and Lincoln Park. There more but this are the condos that pop up into my mind for now. Best wishes! Read More
VA home loan by Arizonaguy
Who in P.R. can assist me in a VA loan?
With a VA loan you could buy a property in Puerto Rico. The important thing is to evidence that you are willing to occupy the home as your primary residence. That way you could use you benefit. Lenders can request the Certificate of Elegibility ... Read More
Looking for info on helping get a second home in Puerto Rico by Kennypackers1
Just wondering if any one can help give any tips or personal experiences on buying a second home on the island and places you can meet up with others like ourselves when we are there. This is going to be an incredible journey and hope someone can be ...
As a Mortgage Loan Officer in Puerto Roco what I can tell you about purchasing a second home or vacation home is that you can finance up to 90% from the sales price. Not 100%. Subject to credit approval, income and collateral. If you're going to ... Read More
mortgages by frogrock
Has anyone acquired a mortgage here in Puerto Rico lately? Which bank and what is your experience?
I used to do construction loans. First, is important for you to know that most lenders doesn't work this type of loans currently. They are considerate high risk loans because of the projected value of the property could change at the moment you ... Read More
mortgages by frogrock
Has anyone acquired a mortgage here in Puerto Rico lately? Which bank and what is your experience?
I suggest you to do a home loan and not to use your personal savings. Use your money to repair or as a downpayment to obtain the lowest monthly payment you want to manage. About building a property from scratch I have my concerns because you need a ... Read More
mortgages by frogrock
Has anyone acquired a mortgage here in Puerto Rico lately? Which bank and what is your experience?
I'm a lender and most mainlanders have the same problem. They can't use there US bank to make the transaction because recent federal rules require lenders to be licensed per state or territory. Since they don't have (US) commercial banks ... Read More
Statistics about repo properties by ReyP
It seems like the number of homes in arrears has increased substantially in the last year (21% more). I expect that 2017 and 2018 will not be any better. This have a bearing on your ability to purchase a home at a reasonable price. See below: 2008 ...
Yes Rey, what you talk about is to assume a mortgage. Most homeowners have FHA loan on their houses and FHA allow to assume mortgages by a third party, but the lender has to approve the new borrower. No appraisal required, lower closing costs than a ... Read More
Cost of living in Puerto Rico 2015 by expat.com
Hi all, We invite you to talk about the cost of living in Puerto Rico in 2015, with an updated price listing. Don't forget to mention in which city of Puerto Rico you are living in. How much does it cost to live in Puerto Rico? > ...
La Placita de Santurce Market. Everyday since 7am you could go and buy fresh produce. Read More