Dominican Mortgage Broker

To give the average buyer an opportunity to invest in the Dominican Republic

The Market - Buyers should be aware that the North Coast Area of the Dominican Republic, the Atlantic Ocean side, is experiencing a real estate boom. From Puerto Plata to Samana, construction, sales & investments rates are steadily rising. Increasingly, North American buyers are investing here. With the decline in the North American market and financial institutions seeking other opportunities, the buyer now has a much better option to obtain mortgage financing.

Opportunity - Dominican Mortgage Broker offers the opportunity for many more clients to own that vacation dream home or make an investment. Currently, the Real Estate Market in the Dominican Republic is cash & carry, meaning that mortgages are seldom used. Most transactions are limited to, pay in full at the time of the sale. The effect of this market characteristic is that many normal buyers are left out because they may not have the total cash requirement needed to make the purchase.

Normal Buyer - The current real estate market is especially attractive to the “normal buyer”. That is, a buyer who has some liquid assets, some real estate or other type of verifiable assets, and a solid financial background. Previously it was hard for a buyer of this type to make a total cash purchase, now, with mortgages available, the buyer can qualify for an extremely nice property in a tropical setting with a laid-back lifestyle.

Options – Currently, there are three types of Spot Loan Mortgages available: Refinance, Cash-Out, and Purchase. The traditional purchase mortgage is typical of that offered around the world. The second is a Cash-Out Mortgage that can be used, for example, to pay off a loan or home renovation. The refinance is used to obtain a lower interest rate that what your current mortgage requires. All you need to do is meet the lender’s qualification requirements. See the mortgage requirements link for details.

Developers - Our lender is also interested in Residential End Loan Mortgage Financing for projects. That is, if you are building a large residential complex such as condos, stand alone homes or apartment building our lender will offer End Loan Financing that guarantees the developer mortgage financing for each unit.

Contact – Please contact us if you are interested in additional information!

Larry & Dagmar Rogers

Dominican Mortgage Broker, C. por A.
Sosua , Dominican Republic
Office Ph: (809) 571-3161
Internet Ph: (772) 539-9662
Fax: (809) 751-4009
Email: info@dominicanmortgagebroker.com