Financing for real estate Dominican Republic properties
Mortgage is the legal term for the mortgage lender. The main function of the mortgage is to provide security to the lender. Given the large sum of money involved in financing a property, a mortgage lender will usually want security for the loan that will provide a claim upon that security and will take precedence over other creditors. A mortgage accomplishes this security.
The lender loans the money and registers the mortgage against the title to the property. The borrower gives the lender the mortgage as security for the loan, receives the funds, makes the required payments and maintains possession of the property. The borrower has the right to have the mortgage discharged from the title once the debt is paid. If the mortgagor fails to repay the loan according to the conditions set forth by the lender, then the mortgagee reserves the right to foreclose on the property.
Purchasing a property in the Dominican Republic?
Do you have property, assets in other countries, U.S.A. or European Union?
If you own property or have assets in the U.S., or other foreign coutries, your financing is related with your own bank there.
If you don't own a home in the USA or not a US citizen you can still finance your Dominican Republic property with us.
We are DR4Sale Dominican Republic real estate company. Located in the Punta Cana. Contact us before to get financing to compare rates and find a better deal for you.
We established relationships with builders, construction companies, Dominican furniture companies, and developers in all parts of the Dominican Republic and we have access to Dominican and USA banks as well as private investors.
We speak many languages!
Call now 809 223-2070 or fill out Financing Email form |