LOAN REQUIREMENTS, BANCO POPULAR, DOMINICAN REPUBLIC

LOAN REQUIREMENTS

BANCO POPULAR

 LAS TERRENAS, SAMANA PENINSULA, DOMINICAN REPUBLIC

8 November, 2007

With Cedula (residency card):

<!1.     Bank statements from last year (not required if banking with Banco Popular)

<!2.      Passport

<!3.       A letter from purchaser asking for the loan

<!4.       Met Jaime the bank manager

<!5.       Financial statement from accountant showing Net Worth

<!6.       Appraisal done by bank appointed appraiser. Bank Manager accompanies. (+/- $150.00 USD)

Without Cedula: all the above plus…

<!1.       Last income tax statement

<!2.       International credit report from TransUnion (´Express¨ prices are more)

a.       United States                US$  20.00

b.      Europe                                US$180.00

c.       Spain                                US$100.00

d.      Latin America                US$125.00

e.      Caribbean                US$250.00

Banko Popular loans 80% of the value of the property so expect to pay 20% down

Interest rate at time of this writing is 9.0% USD and 13.95% Peso

This is for a 20 year note

DanDannyDaniel L Hussmann

DR Paradise Realty

829-644-8094

http://www.drparadise.com

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