ScotiaBank Dominican Republic Mortgages and Loans

ScotiaBank Dominican Republic Mortgages and Loans

We recommend Scotiabank for their great value and quick service!

Scotiabank  has various offices all over the country that offer clients from Canada and the USA mortgage loans to purchase property.

They first established branches in the Dominican Republic in the 1920’s and have over 54 branches nationwide.

We have a branch right here in the centre of Las Terrenas on the Samana Peninsula on the North Coast that will look after your property mortgage needs in Las Terrenas.

Scotia Bank

ScotiaBank Dominican Republic Mortgages and Loans Mortgage information

KEY CHARACTERISTICS FOR RESIDENTIAL MORTGAGES (FINISHED PROPERTIES) AND CONSTRUCTION FINANCING

8% Interest Rate for residences (subject to review at the time of disbursement).

Competitive legal expenses. We only charge the legal expenses of the operation, such as Mortgage Registration Tax and Property Transfer Tax. Scotia bank charges no closing fees.

For loans from US$0.00 to US$1,500,000, we finance up to 70% for up to 25 years.

For loans from US$1,500,001 to US$2,500,000, we finance up to 65% for up to 20 years

ScotiaBank Dominican Republic Mortgages and Loans Personalized services                                                                                                                                                              

Fast and efficient disbursement.

Financing of one property per customer.

Title deeds must be transferred in the personal name of customer.

KEY CHARACTERISTICS FOR LAND LOTS FINANCING:

9% Interest Rate

50% financing

Maximum amount US$750,000

Maximum term 15 years

ScotiaBank Dominican Republic Mortgages and Loans

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