Financing available at HSBC bank, Banistmo, Scotia Bank, Banco Cuscatlán Panabank. All four are very competitive.

Terms for a Residential Mortgage Loan in Los Molinos, Boquete are the following:

Loan to Value: Up to 75% of the selling price or appraisal, whichever is lowest.

Period:
For residential purpose, up to 30 years; however, the period will not exceed the age of 75 years of the borrower.

Interest Rate:
For loan amounts over US$100,000.00, our current rate is around 4.99% p.a.

Insurance:
All loans must be insured; collective life and fire insurance policies are provided through our Bank, or independent purchase of same through a local insurance company and endorsed to the bank.

Documentation:
Income tax reports filed for the last three years.
Complete photocopy of passport.
Photocopy of Driver's License or ID Card.
Photocopy of Social Security Card.
Bank references

Others: Customer must establish a deposit account with BANK, from which payments will be deducted monthly.

Debt will be in name of both spouses.

Applicants should comply with all Bank credit requirements for approval. Submitting all of the above documents does not guarantee loan approval.

Financing available at HSBC bank, Banistmo, Scotia Bank, Banco

BANISTMO: jfigueroa@banistmo.com HSBC: Cristina.X.Lachman@pa.hsbc.com

SCOTIA B.: leopoldo.almengor@scotiabank.com CUSCATLAN:mmendez@panabank.com

Hacienda Los Molinos,
El Francés, Boquete, Chiriquí. Tel: (507) 263-4832 Telfax (507) 263-1281
Panamá, República de Panamá

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