American Expatriate Costa Rica

Some recommendations to get a loan to buy a house

Acquiring a lot or housing entails a whole process in which to opt for a loan is a common situation among many people who share the same dream.

According to the General Superintendeney of Financial Entities (SUGEF), from January 2008 to September 2016, the balance of the housing portfolio went from ¢ 2.2 trillion colones to just over ¢ 4 trillion colones.

This shows the steady growth of housing loans.

However, do you know what aspects to consider when opting for a home loan?

Here are some recommendations:

-Compare all options under the same parameters
-Learn about interest rates
-Consider formalizing costs
-Take care of your credit record
-Study the fee
-Take into account the type of currency

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