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To give the average buyer an opportunity to invest in the
Dominican Republic
Dominican Mortgage Broker is located in Sosua, Puerto Plata, Dominican Republic on the North Coast of the Island of Hispaniola. Hispaniola belongs to the Greater Antilles and after Cuba is the second largest island in the Caribbean. It contains two countries; the Dominican Republic and Haiti.  Columbus claimed it as “Espaniola” in 1492 and on a later voyage founded the first European colony on the North Coast at Isabela. Hispaniola later became the major launching base for the Spanish conquest of the Caribbean, as well as the American mainland. In the 17th Century, with the Spanish in control, the French established a colony on the island. Spain later ceded the western third of Hispaniola in 1697, which in 1804 became known as Haiti.   The remainder of the island, then known as Santo Domingo, declared its independence in 1821, gaining final independence in 1844 when it became the Dominican Republic. Democracy was introduced in 1974 and remains today. The climatic and vegetation zones vary from a tropical, warm-humid climate at sea level to a moderate climate in the mountains. From the highest peak, the Pico Duarte (10,400 feet) and the deepest trench of the Caribbean, the Puerto Rico Drift (about 30,000 feet), it represents a spread of more than 40,000 feet. Today’s Dominican Republic population of over 9 million is descended from the Spanish conquistadors, indigenous peoples, early immigrant farmers and slaves. It also plays host to a very large resident and tourist population from Europe and North America. With the available travel, hotel and tourist attractions it is a favorite vacation destination as well as one of the fastest growing countries in the Caribbean.
Pueblo Alcazar
Dominican Mortgage Broker C por A is now associated with Pueblo
Alcazar. Pueblo Alcazar is now the parent company for Dominican
Mortgage Broker C por A, Alcazar Realty, The Alcazar Foundation,
and The Alcazar Development & Construction Company. Pueblo
Alcazar offers real estate property in the Cabrera area of
the Dominican Republic. Pueblo Alcazar has a wide choice of
property to choose from, either construct from the ground
up, renovate or purchase an up-scale villa with an awesome
view. The Cabrera area of the Dominican Republic has many
properties to choose from, yet it is not over-developed. Want
a great property, someone to construct it for you, and help
with finance. Check out Pueblo Alcazar, great property in
a great location here in the Dominican Republic. See www.puebloalcazar.com
The area offers tropical living with an
international flavor. There is a large North American
and European community living alongside the Hispanic culture
of the friendly Dominican people. There are wonderful
opportunities for shopping, dining, sports, and entertainment. Add
to this the stunning white beaches and green mountain views
and we think you will say, “This is where I want to
be!”.
Dominican Mortgage Broker emerged out of our personal experience in seeking a home. If you come to the Dominican Republic and you do not have a ready source of cash, you may find yourself in the situation that you cannot afford what you like, even if you have a good credit rating, assets, and reliable income. The real estate business here is mostly conducted on a cash basis. If you are lucky, the owner may be willing to finance over a short term with a balloon payment at the end of the term. The buyer in this case is subject to whatever interest rate the seller is willing to set.
Thinking about a mortgage in the Dominican Republic? Then think about the following!
Financing a home or property in the Dominican Republic is fairly similar to what one would face in Europe and North America, except of course, at times it has its own Latin flavor. The borrower will face questions on such issues as employment and income, debt, cash reserves and other assets. Typical mortgage information that is required in most places. Our experience with the lender has been if you have good credit, income to pay your bills and some liquid assets then you can qualify.
Typically those who want to finance a mortgage here in the Dominican Republic have employment, steady income, cash and assets. Many look for an investment, vacation and/or retirement home. Whatever the buyer interest, the lender simply wants to know how much house you can afford. This should be a factor the buyer works out even before approaching a Real Estate Agent or a Mortgage Broker. Knowing that helps to determine whether you can buy or rent, time-share, or make a co-purchase for example. Therefore you should take the time to review your financial status. If you need assistance in that regard do not hesitate to contact us we will be glad to assist.
Come on down, spend some time looking, enjoy the area, then
if you are ready come in and visit!
If
Interested use the Contact
Form located on the Home
Page to obtain further information!
info@dominicanmortgagebroker.com
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