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Obtaining a mortgage in Panama just got easier!

Obtaining a mortgage in Panama just got easier!

By in Blog with 0 Comments

In Panama, most banks require a life insurance policy to obtain a mortgage.

Problem is, most life insurance companies will not write a policy for clients over the age of 70.

Meaning they are practically mortgage ineligible.

But one bank is now willing to write a mortgage and forego the life insurance policy requirement in exchange for an additional 10% down.

That means for Panama Equity clients who are over age 70, this bank will be able to offer up to 60% loans at competitive rates which at the time of publishing are at just over 6% per year.

Click Here For More Details

About The Author

Kent Davis, founder and Managing Director at Panama Equity real estate, has been widely quoted in publications such as Wall Street Journal, Time Magazine, The Miami Herald and the Financial Times for his unabashed views on the Panama real estate market. Panama Equity is regarded as one of the most active real estate agencies in Panama and Kent’s articles, reports, and market research projects have been syndicated by press agencies including Bloomberg and the Associated Press.   Connect with the Author via: Email | LinkedIn | Facebook | Google+

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