Mortgage Information
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If you're like most buyers, a home may be the most expensive purchase you'll ever make, and you may need some form of financing. There are many lending institutions in North America that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. There are some lending institutions that may not offer financing on homes abroad. Those that do however, often use the equity you have at home to secure a mortgage abroad. Banks in Costa Rica have made many improvements over the years however their interest rates for mortgages are still not as competitive as North America. Current rates in Costa Rica range from 9-12% with specific requirements for those that are approved. For further information please see our My Links page in order to contact and learn more about lending institutions who work with purchasers, buying real estate in Costa Rica.
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Use the mortgage calculators below to assist you in making some decisions around financing your new home.
Mortgage Payment Calculator & Amortization Table
This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.
Mortgage Qualification Calculator
This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.