Currently, many people are looking to buy a house, but they do not have the necessary capital to do so. Banco Davivienda is currently offering great opportunities for families to invest.
A mortgage loan is a medium or long-term loan granted for the purchase, expansion, repair or construction of a home. In this case, the property acquired is pledged or “mortgaged” in favor of the Bank to ensure the loan.
Types of Financing
The most competitive rate is the dollar rate, although it is also available in colones. In addition, Davivienda collaborates with the analysis of the client’s profile through the rating according to Sugef.
What is Back to Back credit?
This loan is the result of a term investment certificate. There are clients who have a good capital or a good patrimony, but do not want to decapitalize themselves. So they create an investment certificate for a certain amount (from $5 thousand and up) to buy a property. The Back to Back allows them to take out a loan which is backed by the term certificate. Davivienda takes the certificate and gives you a credit for 90% of the amount of the certificate. A preferential rate is applied, it earns interests and is granted in a defined term. It is very useful for people who have no credit record.
