Dominican Mortgage Broker

Selected Real Estate

As part of our web site information we like to present selected property we think is special. We use the below properties as examples of what Dominican Republic Financing allows the borrower to purchase. Under our current package the two properties below are offered at 30% down with 70% LTV through a US AAA Prime Bank. The description and photos below show details on a stand alone home in an urbanization and beach condos. These are typical properties but their location, size and quality make them a special purchase. The hillside home is also available through owner finance.

Caribbean Home Loans made through our company is not typical of those found on many web sites. Most Caribbean Home Loans are limited in LTV, high interest rate, and bureaucratically entangled. Financing obtained through our company is made a US bank. They offer a fast and friendly service and use documentation familiar to most home buyers in the US, Canada and the UK. However you want to phrase it, Dominican Republic Financing or Caribbean Home loans, Dominican Mortgage Broker C por A can help you make the loan to either obtain the property below or one of many other great properties found here in the Dominican Republic.

Selected Real Estate – Sales & Rental

As part of our web site information we like to present selected property we think is special. We use the below properties as examples of what Dominican Republic Financing allows the borrower to purchase. Under our current package the two properties below are offered at 30% down with 70% LTV through a US AAA Prime Bank. The description and photos below show details on a stand alone home in an urbanization and beach condos. These are typical properties but their location, size and quality make them a special purchase. The hill side home is also available through owner finance.

Hillside Home - Country Living Above the City

Single standing home located in a Gated Community with 24/7 Security*. The home was constructed in 2003 on 2960 SQM of completely fenced property. It has ocean and hillside views, just 5 minutes away from down-town Sosua. It has a two car carport and two covered patios. This home offers a patio lifestyle with grill, pool, sundeck, rolling hills and ocean view all cooled by a consistent light breeze. Just in case the breeze does drop, two patio ceiling fans are available to keep you comfortable. The large patio is accessible by two large sliding glass doors adjacent to the kitchen and dining/living area. The small patio is accessible only from the master bedroom. The property is large enough to add a gazebo or additional servant’s quarters. At night hang on the pool wall and enjoy the tremendous view of the equatorial sky. The almost daily morning shower offshore and sunrises that take your breath away is a very nice way to start the day.

There is 400 SQM of fully furnished living space; 4 – Bed Rooms, each with individual A/C and ceiling fans, 4 - Baths, all have unique tile schemes, 2 have walk-in closets. The master bath has a Jacuzzi and there is an ocean view from the master bedroom. The living room has a huge built-in mahogany book shelf as well as a large mahogany knick-knack shelf.

The kitchen has built-in cabinets and large pantry with island that has a sink. The kitchen includes new gas stove, refrigerator/freezer and separate freezer.

Pool room/lawn & garden storage includes a new pool pump, new washer, and dryer. Recent landscaping includes a vegetable garden area, exotic flowers, orange, fig, and mango trees. The property also has full sized fruit producing lemon, avocado, cherry, and banana trees. Ground cover and flowers border the outside front entrance wall. This property is an outstanding vacation or retiree dream home! Please contact us today!

* Urbanization fee is $250 monthly. This fee includes security, grounds maintenance and garbage pick-up.

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VACATION RENTAL

Interested in a vacation rental? Beautiful three bed room home located in a gated community approximately five minutes from down-town Sosua and the local beaches. It features a large pool, servant’s quarters, modern American style kitchen, and large patio with an awesome view overlooking the Atlantic Ocean.

The home is available to rent for a maximum of one year or a minimum of three months. Rent is $3000 a month with one month deposit required. Renter is responsible for utilities: water, gas and electric. Electricity is guaranteed 24/7 as an emergency generator is available. Management is located on site in case of an emergency.

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Playa del Viento Condominium Apartments in Cabarete, Dominican Republic

Real Estate Clients need to be aware of typical costs for mortgages. Playa del Viento Apartments graciously agreed to allow us to show case their apartment complex. The following information will give the browser a view of the property, provide a description of the property, give examples of different mortgages and a link to the builder’s home page that will provide more detailed information.

Playa del Viento Condominium Apartments is located on the beach in Cabarete, Puerto Plata, Dominican Republic (The North Coast). The construction is stunning: reinforced concrete, metal framed double paned glass windows & patio doors, mahogany entrance doors, kitchen cabinets, closet doors and trim. Each apartment has 1,700 sq ft of living space with two bedrooms & 2 ½ baths, walk-in closets and central air-conditioning. The master bath is Jacuzzi ready if desired. The kitchen includes modern stove, refrigerator, washer/dryer, and dishwasher. There is a private balcony off the master bedroom as well as a 25 ft. long patio facing the living room. The apartments are cable & internet ready. The facility has its own power generator to deal with any power loss. A perimeter wall, gates, and gatehouse ensure security. The apartments are unfurnished but a furniture package is available.

All of this and just step off your patio onto the beach or a three minute walk to all the amenities to include entertainment, sports, police & medical care. This property offers an ideal location, quality construction and reasonable price.

TYPICAL MORTGAGE CALCULATION

Below are three example mortgages on the above-described property. Buyers please note these apartments will each have an individual title and mortgage in place. The buyer only has to qualify for the loan. The listed appraisal price is official and submitted to the lender as part of the mortgage application.

* Normally 8-10%
** Example only
*** Based on 20 year mortgage

Please note the property has appraised at the purchase price. In the above examples, the down payment is based on a mortgage of 65%. The lender will approve a maximum of 80% of the appraised priced. Thus, the borrower has the option to make a 20% down payment and obtain an 80% mortgage. Use the loan calculator on the left side of the page to compute what your payment might be at various mortgage rates.

Finally, buyers should also be aware that normal closing costs (approx 8-10%), similar to those found in North America or Europe would also apply. Some examples would be a title search, notary, mortgage contract, and tax. The owner will have a clear individual title registered in the Land Registry.

For more detailed information on Playa del Viento Condominium Apartments, please follow the link to www.playadelviento.com.

As part of our web site information we like to present selected property we think is special. We use the below properties as examples of what Dominican Republic Financing allows the borrower to purchase. Under our current package the two properties below are offered at 30% down with 70% LTV through a US AAA Prime Bank. The description and photos below show details on a stand alone home in an urbanization and beach condos. Both are typical properties but their location, size and quality make them a special purchase. The home is also available through owner finance.

Caribbean Home Loans made through our company is not typical of those found on many web sites. Most Caribbean Home Loans are limited in LTV, high interest rate, and bureaucratically entangled. Financing obtained through our company is made a US bank. They offer a fast and friendly service and use documentation familiar to most home buyers in the US, Canada and the UK. However you want to phrase it, Dominican Republic Financing or Caribbean Home loans, Dominican Mortgage Broker C por A can help you make the loan to either obtain the property below or one of many other great properties found here in the Dominican Republic.

For more detailed mortgage information, please contact:

Larry & Dagmar Rogers
Dominican Mortgage Broker, C. por A.
Sosua , Dominican Republic
Phone office: (809) 571-3161
Cellular: 1 (809) 714-4580
Email: info@dominicanmortgagebroker.com