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I am looking to finance a home purchase in Guanacaste.
Can anyone help with recommending a good mortgage broker or lender in CR?
Thanks,
RickIf it’s at all possible, we would encourage you to explore any and all financing options in the US before resorting to applying for a mortgage in Costa Rica.
Unless you are a PERMANENT LEGAL RESIDENT of Costa Rica, I would encourage you NOT to bother even applying.
Some people may say that it’s possible but you’ll spend six months filling out paperwork to discover that they will NOT give you a mortgage.
Having been through the mortgage process a few times, I can assure you that it’s not a fun experience and it’s expensive and lastly, there is not a single mortgage broker that I know of in Costa Rica who I would recommend…
I wish there was….
Scott
PS. We did feature someone on this site for a time and to give you a clear example of how bloody useless they were, they received over 400 prospective mortgage customers from WeLOveCostaRica.com and guess how many they closed on?
Not one!
Go talk to the local branch of Scotiabank in Liberia. Sit down with the retail bank manager, introduce yourself, and get the information your looking for and build a relationship with them. They seem pretty accepting to new applications for purchase and construction at this time . Not sure how it turns out in the end though (like Scott said) since I don’t know of anyone completing the experience. Were about to start the process for new construction early next year in Guanacaste and this is how we have proceeded with so far. Rates and terms are higher and more restrictive than US rates but much better than years past. Don’t know of brokers in CR.
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