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Mortgages in the Dominican Republic

Steverino7777

Banks in the Dominican Republic will request 3 years of your financial statements when you apply for a mortgage. They will also request a list of your assets. They will finance up to 70% of the purchase price of the property if your financial position is excellent.


Mortgages in the D.R. are a 5 year time frame. They are 25 or 30 years in North America. Every 5 years you  must once again provide a list of assets and 3 years of financials before they will renew your mortgage. Their interest rates are higher than they are in Europe and North America.


Taking a line of credit from your Canadian / American bank is an option that will carry a lower interest rate without any surprises. Also talk to your bank about financing foreign property purchases. They may be willing to consider it.

See also

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Another item to add - it will take longer than they say to process it!


It's ok to ask in more than one bank at the same time and let them know they are competing.

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