More

    New Decree Expands Possibilities for Costa Rican and Foreigner Homeownership

    Must Read

    Costa Rica Creates System For Detecting Deforestation with Google Satellite Technology

    Costa Rica announced this past week that the “Group on Earth Observations” and “Google Earth Engine” chose the country's main project to develop a deforestation detection system

    US State Department Advises its Citizens Exercising Caution if Traveling to Costa Rica due to COVID-19

    Official US Embassy Notice: Read the Department of State's...

    Parable # 27: We Have to Perform

    (This week is the 30thinstallment of the book, “The Band Director’s Lessons About Life”, which TCRN is...
    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The decree for the “regulation guarantees housing credit”, provides an option for Costa Rica’s and foreigner with residency the ability to pay when they lack the resources to pay the premium. This regulation includes a series of projects that offer various possibilities for borrowing a housing loan.

    The State alongside with the Housing Mortgage Bank (BANHVI) will grant security interest in housing finance operations that are adopted by the National Financial System for Housing (SFNV) under the program called “secured transactions”.

    “This warranty covers the authorized against possible losses from the default of the debtor, up to 15% of the balance of principal and interest, providing individual coverage to each loan based on the premium percentage contributed by the debtor, “said the Minister of Housing..

    Among the projects that would allow access to housing include deferred bonuses, the bonus second floor housing development, housing bonds with fixed rate and without guarantees to cover part of the premium.

    Among the requirements that people require for these loans are:

    – A Costa Rican or foreigners legally residing in the country.

    – Provide a premium of 5% of the total loan value.

    – Legally Working or self-employed during the three years preceding the date of grant of credit.

    President Laura Chinchilla said that the signing of the decree would give middle class families to have more viable options for the purchase of housing.

    Chinchilla also said the restructuring is being done within the National Institute of Housing and Urbanism (INVU).

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    - Advertisement -
    - Advertisement -

    Latest News

    Costa Rica Creates System For Detecting Deforestation with Google Satellite Technology

    Costa Rica announced this past week that the “Group on Earth Observations” and “Google Earth Engine” chose the country's main project to develop a deforestation detection system

    US State Department Advises its Citizens Exercising Caution if Traveling to Costa Rica due to COVID-19

    Official US Embassy Notice: Read the Department of State's COVID-19 page before you plan...

    Parable # 27: We Have to Perform

    (This week is the 30thinstallment of the book, “The Band Director’s Lessons About Life”, which TCRN is publishing as a series during...

    Limonense Electric Freight Train Could Reach San Carlos

    In order for the technical, economic / financial and environmental feasibility studies of the Limonense Electric Cargo Train Project (TELCA)

    Strong Boost for CETICZN! CRUSA Foundation Supports Regional Technological Project

    The Chamber of Information and Communication Technologies of the North Zone (CETICZN) received a strong boost in its organizational process
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »