Tag: Mortgage

Do you still have to pay the mortgage after your house was destroyed?

Most homeowners in Costa Rica don’t even think about fire and earthquake insurance and if they still have to pay the mortgage after their house was destroyed. You own(ed) a house in Costa Rica. This house was destroyed by a natural disaster or fire and you are paying a mortgage. What should you do? Can…

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Real Estate FAQ | Can I get a VA loan to buy property in Costa Rica?

Visitors on our website often ask if they can get a VA loan to buy property in Costa Rica. U.S. veterans seem to be attracted to living in Costa Rica quite often. Costa Rica is another country and doesn’t belong to the United States. It doesn’t belong to the US territories either. The VA doesn’t allow veteran…

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Is the mortgage rate in Costa Rica damaging the economy?

Did you know that the mortgage rate in Costa Rica is outrageous? I pay 9.5% interest rate on my mortgage in U.S. dollars! Politicians have been debating, due to the elections 2018, about economic solutions for the last few months. Because the government needs money. Don’t we all? Now that Carlos Alvarado of PAC was…

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