Video FAQ Series #1 – Financing, MLS and Working Remotely.
Tank Tops Flip Flops Newsletter no. 225
Welcome to the first installment of our Costa Rica FAQ (Frequently Asked Questions) Series, where we dive into the nitty-gritty of real estate and property investment and as always – life in Costa Rica.
Video 1: Is there Financing in Costa Rica?
A question often asked, yet rarely answered comprehensively. Yes, there is financing in Costa Rica, but very few foreigners I know have ever gone through the entire process. First, it is very hard to get financing as a foreigner because they generally want to see income here in Costa Rica. But many people have a lot of wealth and net worth and will qualify for the financing. For lack of a better word is there are a lot of fees involved with the financing in Costa Rica. Upfront fees to set up the mortgage (Points) and fees to release the mortgage later down the line.