Category: Costa Rica Banking and Mortgages

3 Useful Homebuyer Tips for Financing a Home

Estimated Reading Time: 6 Minutes Homebuyers often have different challenges to overcome, the reason we like to give you these 3 useful homebuyer tips. Unfortunately, foreign buyers need to be aware of the fact that you need to be a resident to obtain home financing in Costa Rica. I’ve seen a couple of banks who…

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International Money Transfer Companies option for real estate purchase

A money transfer is key to any international real estate transaction. It’s no secret that traditional banks are dinosaurs in the modern economy. Although banks still have an important function in our society, tons of fintech start-ups have begun providing financial services. Although they provide these services in a more modern and efficient way. When…

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Dealing with home financing in Costa Rica

Estimated Reading Time: 6 Minutes Are you dealing with home financing in Costa Rica or will you be soon? Then you will find this a very useful blog. Purchasing a home is a huge responsibility, especially if you think you can afford it but can’t find any home financing. Often, future expats start shopping for…

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23 Awesome Mortgage Tips for a Property Purchase in Costa Rica

Estimated Reading Time: 6 Minutes If you are looking to make a property purchase you’ll love the mortgage tips. In fact, using these mortgage tips will save you time, money, and effort. When you go to view houses on sale, the seller’s agent may make the buying process seem easy and straightforward. If the price…

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Should vacation rental accommodations have to pay taxes soon?

Is there a chance that vacation rental accommodations will have to start paying taxes soon? Many vacation rental owners are probably wondering what’s going on with that topic. Paying or not paying taxes makes a huge difference to your ROI if you have a vacation rental investment. It’s a fact that if you have income…

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How to finance vacation rental investment in Costa Rica

Estimated Reading Time: 6 Minutes Potential buyers often ask how to finance vacation rental investment in Costa Rica. Owning a vacation home in paradise is a beautiful dream but not always financially possible. Does having a vacation rental make sense financially or not? You can expect an annual net return of 4 – 6% on…

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8 Important things to do before moving into your new home

Estimated Reading Time: 7 Minutes The closing date is coming up and there is so much to do before moving into your new home. Getting nervous already? Don’t! Use this checklist to make it easier on yourself. We do this all the time and you don’t. There are so many things you need to do…

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Can you pitch a lowball offer when you need owner financing?

Estimated Reading Time: 5 Minutes Cash is king, but you already knew that I’m sure. If you are looking for an incredibly good deal, you better bring cash if you want the seller of a property in Costa Rica to even think about accepting a lowball offer. Of course, if you are looking for owner financing…

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Opening a Euro savings account in Costa Rica

Estimated Reading Time: 5 Minutes Today’s story is about this Euro savings account that we needed to open. This should be an easy task. But it is not! Banking in Costa Rica is not as simple as it is in other countries. Please do not see this blog as a complaint about Costa Rica banks…

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