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Costa Rica Mortgages

Our Costa Rica Mortgage section is where you will find clear, concise answers to the most common questions about finding the best mortgages to buy real estate in Costa Rica.

VIP Member questions will be answered by experienced, reference checked Costa Rica mortgage experts.

Costa Rica Banks - ScotiaBank
Scott Oliver - Updated September 2009
I laughed each time I saw the ScotiaBank's slogan "Para las personas que quieren mas" (For people that want more) because that's why I visited them. As a Wall Street veteran with 20+ years of professional financial services experience - I did indeed want 'more'. . . . Keep reading
Costa Rica Homeowners Tapping Into Their Home Equity
Marc Schweitzer - Costa Rica Mortgage Expert
Costa Rica Homeowners Tapping Into Their Home Equity Our recent client activity indicates that "cash out financing" represents a timely opportunity for many Costa Rica homeowners seeking liquidity, no longer available through primary residence financing in North America. . . . Keep reading
2008 - A New Age For Costa Rica Mortgage Financing with FREE video interview.
Costa Rica Mortgage President - Marc Schweitzer
2008 - A New Age For Costa Rica Mortgage Financing with FREE video interview. The Costa Rica banking environment has experienced significant consolidation as the globalization strategies of major international banks have made their way to the region. The most significant examples have been the acquisition of Banex by HSBC, Banco Cuscatlan by Citicorp and Banco Interfin by Scotia Bank. . . . Keep reading
US Lender Finally Offering Mortgages in Costa Rica
Marc Schweitzer - Costa Rica Mortage
US Lender Finally Offering Mortgages in Costa Rica International lenders have been in various stages of planning and executing initiatives to enter the Costa Rica for quite some time. Many lenders had plans to launch their programs by last Christmas, however, experienced major setbacks and strategy shifts as a result of the "mortgage meltdown". . . . Keep reading
Costa Rica Financing Secrets Revealed - How mortgages in Costa Rica are different? Part II
Marc Schweitzer - Costa Rica Mortage
Costa Rica Financing Secrets Revealed - How mortgages in Costa Rica are different? Part II Most inquiries come from North Americans who've received financing previously but never in a foreign country. Consequently, their investigation of financing in Costa Rica generally revolves around understanding how it differs from their prior North American transactions. . . . Keep reading
Costa Rica Mortgages - Income verification and medical exams.
Scott Oliver - March 2008
Costa Rica Mortgages - Income verification and medical exams. Mortgages are easier than ever to come by in Costa Rica but, unlike some places you really have to go through some hoops to get things done. This is not good news for those of us who don't like BS and paperwork, but it is good news for the overall stability of the banking sector in Costa Rica. . . . Keep reading
Mortgages in Costa Rica - Major Shifts Announced at Expo Construccion 2008
Marc Schweitzer - Costa Rica Mortgage President
Mortgages in Costa Rica - Major Shifts Announced at Expo Construccion 2008 The weakened dollar and pessimism surrounding its' future, however, is motivating many Costa Rica resident borrowers to favor mortgages in colones over dollars (a new phenomenon). . . . Keep reading
Costa Rica Financing Secrets Revealed - How mortgages in Costa Rica are different? Part I
Marc Schweitzer
Costa Rica Financing Secrets Revealed - How mortgages in Costa Rica are different? Part I Only two years ago there were no conventional financing options available for foreigners in Costa Rica. Since then, several institutions have entered the market and the programs continue to rapidly evolve in pursuit of mirroring US bank offerings. . . . Keep reading
Costa Rica Mortgage - The closing and final terms. May 2007.
Scott Oliver
The valuation is done by a 'perito' an 'expert' in valuations (not to be confused with perrito which is a little dog) and he reported back with a valuation of US$285,000 which was considered too low by the bank probably because there have been few homes sold for this price in this project for quite some time. . . . Keep reading
Costa Rica Mortgages - Letters of Reference
Ross Sveback
Your professional reference letter needs to come from someone you either work for or with currently -- or in the case of self-employed applicants, someone you currently do business with. This will have to be on letterhead and contain the position of the individual issuing the letter. . . . Keep reading
Costa Rica Mortgages - Special deals on offer at ExpoCasa 2007
Scott Oliver
Costa Rica Mortgages - Special deals on offer at ExpoCasa 2007 Even though Costa Rica mortgage rates and commissions still vary widely at this time, the fact that the banks are becoming more aggressive and certainly more competitive than they used to be can only be good for real estate buyers in Costa Rica. . . . Keep reading
Costa Rica Mortgages - Construction financing.
Ross Sveback
Obtaining a construction loan for a property in Costa Rica is similar to one in the U.S. and Canada, and it is almost the same as getting a loan for a regular purchase but with a few additional requirements. . . . Keep reading
Costa Rica Mortgages - A simple process with a professional mortgage broker on your team.
Ross Sveback
Welcome to this new series to familiarize you with the mortgage process for buying property in Costa Rica. Our goal will be to break down and demystify the often cloudy context and bring you clear, concise answers to many often asked mortgage questions. . . . Keep reading
Costa Rica Mortgages - The $325K mortgage story. Part 1.
Scott Oliver
We decided to start our Costa Rica mortgage research online the same way that most people do these days. My assistant Gabriel supplied us with the email addresses of the managers of the mortgage departments in all of the major financial institutions in Costa Rica and I emailed (in Spanish) all of them. . . . Keep reading
Costa Rica Mortgage Agreement - Spanish. Signed 27th March 2007
Costa Rica Mortgage Agreement - Spanish. Signed 27th March 2007 NUMERO ______-.- Ante mi, __________, Notario Público con oficina en la ciudad de San José, comparece el señor JOHN (nombre) . . . Keep reading
Costa Rica Mortgages - Expensive from start to finish.
Scott Oliver - February 2007
I have been helping a British friend and an investment client of mine (with excellent credit) to obtain a mortgage in Costa Rica to help buy a beautiful, newly built luxury home in Santa Ana. He an . . . Keep reading
Costa Rica Mortgage Broker - A mortgage professional.
Scott Oliver
If you have been a VIP Member for some time you may have read 'Costa Rica Mortgages - Expensive from start to finish.' You will know how time consuming it can be with the 'US$325K Costa Rica Mortgage story' and may also have read that the even compared to the lowest Costa Rica mortgage commissions, Costa Rican banks charge 100% more in ... . . . Keep reading
Costa Rica Mortgages - "Wow! This is really easy."
George Lundquist
The first impression I had when I went with the couple who are buying our house to the bank in January to try and get a Costa Rica mortgage was - Wow! This is really easy. . . . Keep reading
Costa Rica Mortgages - Private Banks
Gloriana Gomez
The private banking sector offers different types of Costa Rica mortgages which you should consider before making your final decision. There are banks that only lend in dollars, but there are banks that are willing to offer a Costa Rica mortgage in both currencies. . . . Keep reading
Banks Demand Higher Salaries for Costa Rica Mortgages
Vanessa Loaiza N.
It is important to note that the information in this article will apply to Costa Rican citizens and legal residents only. However, it will give you a very good idea of the local housing market and what local banks are offering for mortgages in Costa Rica... . . . Keep reading
 Costa Rica Tip of the Week
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