REQUIREMENTS FOR MORTGAGE LOANS IN PANAMA

In the US and other countries banks require title insurance as a requirement to obtain a mortgage loan. Here for commercial or private loans, banks require a person to obtain fire and life insurance policies as a guarantee that if the person passes away the insurance company will reimburse the [...]

Home Mortgage Loans

Interest rate: 6.5% (Adjustable rate)
Finance: 80% LTV (Residential properties & summer homes)
Between 60% - 70% (Investment Purchases)
Terms of repayment between 20 & 30 years (75 years old, ending Age)
2nd Mortgage: 50% LTV- Repayment up to 15 years Max.
Requirements:
People earning a salary
Original Job letter
Copy of Passport
Copy of the latest two payroll receipts
Last (2) Income [...]

Requirements
Lab and medical exams are required for insured sums greater than $150,000. Also they might be required depending on the person’s age.

Exams can be done in your home country (if you do not live in Panama) using our medical network. Any exams done outside of Panama must be pre- approved.

Medical and lab [...]