arisandmarion
Canadian looking for information about Dominican Republic
Forum posts
15
Contacts
1
About me
Canadian
Registration: 13 March 2022
Activity
Mortages In DR by NMoose
Hi All and Good Morning, New to the forum but joined due to the energy and great quality of conversations-responses! We live in Ontario but plan to make DR a place to hang our hats in winter and eventually spend all the time there. Sosua, ...
I also use Remitly and find it is excellent - sometimes it will transfer in just a few hours and not costly. I also checked and I think the Scotiabank rate now is between 8-9% so a little high but not dramatically different than current rates... Read More
Mortages In DR by NMoose
Hi All and Good Morning, New to the forum but joined due to the energy and great quality of conversations-responses! We live in Ontario but plan to make DR a place to hang our hats in winter and eventually spend all the time there. Sosua, ...
At the time the rate was 2 or 3% in the DR and in Canada it was 1-2% but because it was locked we are now at 2.5 or 3.5 (can't remember) but in Canada its 5-6% because in Canada its variable - it depends on when you get the mortgage but the rates ... Read More
Mortages In DR by NMoose
Hi All and Good Morning, New to the forum but joined due to the energy and great quality of conversations-responses! We live in Ontario but plan to make DR a place to hang our hats in winter and eventually spend all the time there. Sosua, ...
We got a mortgage with Scotiabank - they lock in the rate and it was competitive and now with it locked is dramatically lower than our rate in Canada. The rates are locked for 2-5 years - you choose the term and then they renew without you choosing ... Read More
Solar energy by jmorac
I just got a house in Punta Cana And I will like to install solar Pannels And batteries . My estimated daily consumption will be 60 KW per day . Any sugestion on who can provide it and install it?
@Zauna Ann Hewling I am in Puerto Plata can you provide the contact information please? Read More
Mortgage in Puerto Plata by cynthymon
My husband and I am trying to buy a condo in Puerto Plata. In June 2022, we approached Scotiabank about a loan as they advertised they offer mortgages for Foreigners wanting a vacation home. We were told that we have to have a "Offer to Sale" to ...
Thanks planner i 100% agree. Scotiabank has a special agreement for Canada, US and I believe British citizens (I am not sure of the last one) where they can access credit reports and have some knowledge of our systems to allow them to approve ... Read More
Mortgage in Puerto Plata by cynthymon
My husband and I am trying to buy a condo in Puerto Plata. In June 2022, we approached Scotiabank about a loan as they advertised they offer mortgages for Foreigners wanting a vacation home. We were told that we have to have a "Offer to Sale" to ...
Mortgages are not easy to get and they don’t take weeks they usually take months. If you want some tips feel free to pm me. What I said is true and everyone has their own experience. The rates for Scotia are fixed so unless they raised them in ... Read More
Mortgage in Puerto Plata by cynthymon
My husband and I am trying to buy a condo in Puerto Plata. In June 2022, we approached Scotiabank about a loan as they advertised they offer mortgages for Foreigners wanting a vacation home. We were told that we have to have a "Offer to Sale" to ...
Ok Tippj just because your experience is different doesn’t make me a liar… I did get preapproval and I did get a mortgage. In the end you need to show the bank the investment is worth it. Read More
Mortgage in Puerto Plata by cynthymon
My husband and I am trying to buy a condo in Puerto Plata. In June 2022, we approached Scotiabank about a loan as they advertised they offer mortgages for Foreigners wanting a vacation home. We were told that we have to have a "Offer to Sale" to ...
You can get a mortgage and no the interest is not crazy. Scotiabank rates are fixed and with current inflation right now are very reasonable at 3.75-4.75%. The only thing is you need to put conditions on your offer the same as in North America that ... Read More
Puerto Plata/ Sosua area - all inclusive resorts by Solar39
Does anyone have a suggestion for a good one? Looking to stay about a week.
Honestly Iberostar is by far the best. They provide the best service in the area - they are one of the most expensive but you won’t be disappointed- any time we have large groups or people who haven’t travelled we take them to stay at ... Read More
Bank Account Minimums by DRVisitor
What is the minimum before fees and everything starts? Also, any different for kids accounts?
Scotiabank in Cabarete has multiple English speaking staff. They require $500 US. Read More
HELP: Met someone in the DR and I don't know what his intentions are by travellinglady1429
Hello to everyone,This is my first time posting on a forum, desperate measures as I scour the internet to find out whether the intentions of the man I met in the DR are authentic or not. I vacationed to Punta Cana with a friend of mine about 3 ...
I would honestly say follow your heart if you think he is worth it. BUT I would highly suggest you move down there for a few months to see how things are. I married a Dominican I met on vacation in my 20’s over 20 years ago - yes Dominican men ... Read More
Villa prices in Cabarete by cbrossard
I have been looking at villas for sale online. I was wondering if properties usually go for a price similar to the asking price or not.
So we are knee deep in this process currently. Villa shopping - not condos - but you are right the prices online could be three different prices with three different realtors and in fact it might already be sold (webpages don’t have to be ... Read More