In the housing sector, rates will be offered for six months (5.80%), one year (7.50%), three years (7.80%), five years (9.80%) and ten years (11.80%)
SANTO DOMINGO.- If you are planning to buy a house, you will want to know details of the facilities that the current market offers for those who have acquiring a home in their immediate agenda.
Throughout September, Banco de Reservas is holding a special event offering attractive rates that you might want to take advantage of. With terms of up to 20 years and financing for up to 90% of the property value, Expohogar 2021 sounds like the perfect opportunity to take the plunge and commit to one of life's essentials: a home.
This version includes a wide range of construction companies and real estate agencies that will support you throughout the process, so you can make that important decision with all the necessary information.
Rates start at 5.8% for homes; for commercial premises, financing will start at 7.80% annual interest, with a term of up to 10 years to pay and credit of up to 70% of the property value.
“It is worth noting that the flexible payment option will also be available, which consists of an extraordinary annual payment that will reduce the monthly amount payable by up to 30%,” explained Samuel Pereyra, administrator, when announcing the exhibition.
Homeowners will have coverage through Seguros Reservas, and commercial properties will be covered by Seguros Reserva Tu Pymes. Banreservas has committed to covering the legal expenses of the loans, according to the press release sent to the media.
Through the fair, housing vouchers valued at 100,000 pesos will be allocated for the first 10 disbursed loans, along with discounts at affiliated businesses and participation in raffles.
3 winners will get the first year of their loan payment free, including insurance; 5 will receive the first year of property insurance with Seguros Reservas; 5 will receive home appliances (television, air conditioner and soundbar); plus free weekends at national hotels.
Financing with preferential rates will also be granted for the purchase of solar panels and for other elements of conditioning the new homes or commercial premises.
“With this fair, we are contributing to reducing the country's housing deficit by making the necessary resources available to interested parties. At Expohogar 2021, the country's leading real estate and construction companies will offer thousands of properties and commercial spaces, which will be available for financing,” said Ysidro García, Deputy Business Administrator of Banreservas.
Among the real estate agencies offering projects at the fair are Remax, Plusval, Mr. Home El Millón, Villanisa, Arenal Inmobiliaria, Keller Williams Punta Cana, among others.
Those interested in immediate pre-qualification can contact the institutional WhatsApp number 809-960-2120; or visit the website www.banreservas.com/expohogaror any of the nearly 300 Banreservas branches nationwide. Expohogar 2021 will be open from September 1st to 31st.
