How do mortgages work in Colombia?

lfflorez says on Mar 26, 2006, 04:45:

mortgages 1% a month + inflation = 19% a year
right now banks are opening great facilities to people get loans
there are many fincas outside cali or between cali and pereira
available for sale
downpayment usually goes from nothing to 20% depending of what owners are asking for
but always the bank keeps the ownership of property as warranty of the loan
terms in years goes up to 15 years there might be some higher terms depending of the transaction which i dont know
i personally are interested in a finca also and might go to the bank with my father next week
and when i get all their info and if it changes some in big deal i'll let you know

thank you

lf

Visit us at HOSTEL MOCHILEROS CALI COLOMBIA at http://hostelmochileros.googlepages.com/home info: hostelmochileros@gmail.com

JMOON87 says on Mar 26, 2006, 06:01:

Try.. Try your local bank also , i spoke to my bank Wachovia and they said they would do a loan in colombia for me but i needed all details about the house/apartment and we have not made a decision yet ...So try this also all they can say is no ..good luck

Mamey says on Mar 26, 2006, 07:17:

Colombianos en el exterior You may apply for a mortgage eventhough you may not have credit history in colombia through most banks now. The program is for colombians living in "el exterior."

http://www.colpatria.com/HomeVivienda/process.aspx?
http://www.colmena.com.co/personal/credito_exterior.html

I know BBVA and BIC offer mortgages also.

good luck

billyb says on Mar 26, 2006, 13:45:

thanks all for the very helpfull info.

BillyB

Atrevido says on Mar 26, 2006, 17:47:

Ask your real estate agent about or check the Sunday El Pais for fincas in Dapa. Half hour to forty five minutes from Chipichapi, safe and loads of beautiful fincas available.

billyb says on Apr 2, 2006, 00:05:

Atrevido, thanks... I do check most Colombian online newspaper adds and inumerable online realestate sites, but would like to ask you your opinion on Dapa's currnet security situation. My family used to go there regularly when I was young and I have very fond memories.

BillyB

lawyerincolombia says on Jul 14, 2006, 11:45:

Lawyer in Cali Colombia I am a certified lawyer in Colombia. My name is Carlos Arturo Dorado and I can help to you about inmigration and legal problems in Colombia.
I am located in Cali Colombia.

Best regards:
Carlos Dorado
http://nicelatinladies.com/abogado.html

tomtom33 says on Jul 14, 2006, 11:56:

Lawyer You needn't spam every thread.

I think you have managed to turn most of us off.

Desideria (Moderator) says on Jul 14, 2006, 16:32:

I have a friend who sells real estate in Cali too, in case you will look into other options. (You said you had a realtor already). She is selling several fincas outside Cali, mostly on the Carretera al Mar, but also in Pavas and other areas.

Cheers,
Desi


Embrace your uniqueness. Time is much too short to be living someone
else's life.

-Kobi Yamada

"I have opinions of my own, strong opinions, but I don't always agree with them."-President George W. Bush

aztec says on Jul 15, 2006, 11:17:

Desideria, would you... ...buy a finca outside Cali?

Desideria (Moderator) says on Jul 15, 2006, 13:15:

I would buy a finca in the mountains, but no further than 30 km. from Cali to Buenaventura. I probably wouldn't buy in Pavas or La Cumbre area because going there I would have to pass Yumbo and I always feel ill at ease in Yumbo, even if it's not dangerous. I wouldn't, definitely, buy a finca in Candelaria or Florida or Jamundí, Valle at this time or anywhere in Cauca.

Cheers,
Desi



Embrace your uniqueness. Time is much too short to be living someone
else's life.

-Kobi Yamada

"I have opinions of my own, strong opinions, but I don't always agree with them."-President George W. Bush

billyb says on Jul 15, 2006, 15:35:

Desi.... thanks for the input. I was just back in Colombia a couple of month's ago and looked at some fincas in Dapa, but thought the area somewhat too urbanised for my tastes nowadays. I do like the carretera al mar area and agree with you regarding up to kilometro 30. I would be intersted in seeing the properties your friend is showing. Also if she has anything in Quindio/Risaralda. If she could send me pics, locations and asking prices, I would be gratefull. I will be back there for Xmas, maybe I can contact her/him. My email address is bbrownlow at sbc global.net (disregard the spaces, for anti spam purposes) Thanks.

BillyB

Desideria (Moderator) says on Jul 15, 2006, 16:03:

she hs a few nice properties on the carretera al mar if she hasn't sold them yet. We went there a couple of times and if I had the money and the opportunity to relocate permanently I would have been interested myself. I'll forward your contact info to her and hope you get in touch with her when in Cali.

Cheers,
Desi

(She isn't working that much on the internet so that the contacts would have to be made by phone)

Embrace your uniqueness. Time is much too short to be living someone
else's life.

-Kobi Yamada

"I have opinions of my own, strong opinions, but I don't always agree with them."-President George W. Bush

Gator says on Jul 16, 2006, 14:54:

How Big?? Have about what would be three acres in the USA outside of Jamundí. Two houses one very nice the other was used by the forman. On the side of a hill with a view of the valley and the River Claro.

"SIC FRIATUR CRUSTUM DULCE. OBESA CANTAVIT."

"Brevior Sltare Cum Deformibus Mulieribus Est Vita!" .

tkrol says on Jul 16, 2006, 15:53:

I'm Glad I Found This Place I found this site earlier today. I recently married my fiancee in Cali (her hometown) at the end of May and what a great experience. I've been to Cali with her several times now and we're looking at starting a business in the area. We are looking for a finca outside of Cali (so I thought this the most appropriate thread to throw my 2 cents into). I am very interested in hearing more about interest rates, down payments, insurance, utilities, etc. Any thoughts or information would be very helpful. We plan on going back in October this year to see her family again.

To all those who contribute to this site. Thank you.

Cheers

billyb says on Jul 16, 2006, 16:56:

Gator, can you send pics and particulars to email address above? How is the security situation there? I was talking to my cousin earlier in the week and he had concurred with Desi's commnent above about it being a bit dicey around there.

BillyB

captbill says on Sep 25, 2006, 09:15:

finca I am looking to buy a finca in the mountains. I currently am and have been living in Santa Elena and love the area. I also understand tha La Calera outside of Bogota is similar. I would like something with some land maybe a hectare or more and the ability to build a few other cabins to possible make into vacation rentals, also looking for a condo in a beach area cartagena or elsewhere.
Am not a millionaire so would like to keep the price down, have heard of a few around santa elena under 50K US and one for 22K US this is about the price range I am looking for. I know prices are rising but still doesn't hurt to ask. The house does not need to be huge or elegant, sencilla esta bien, simple is fine. Also if anyone knows any in costa rica or nicaragua, let me know please. Thanks to all in advance.

jmbone says on Sep 26, 2006, 11:00:

Santa Elena is a nice area overlooking Medellin Many posters have commented about the Annual Flower Festival. The Silletera's live and farm in the Santa Elena area. A nice selection of Silletera photographs can be seen at:

http://ieducativasantaelena.com/htdocs/silleteros.htm

This (www.ieducativasantaelena.com)is a first class school website
which could use some volunteer help in translating the current text
into English.

Visit the website and if interested, you care to comment, or ask questions, the webmaster goes by the nickname of Jaz. She speaks fair English and is the Profesora of I.T.

regards,

Jim Bone