Mortgage loans Peru

Mortgage loans Peru

The conditions for foreigners to buy housing in Peru are given by the credit policies of each entity, however the essential personal document for all this type of management is the updated foreigners card; among other applications that are planned to grant mortgage loans Peru.

In the case of Peruvians, the first document to have on hand in all real estate and mortgage proceedings is the updated ID. In both cases the accreditation of the current address is required, almost always presenting a payment receipt for services such as electricity or water, since these facilitate the interview with the financial operators.

At this time, most mortgage entities request some common requirements so that people can access loans to buy a home. These requirements vary depending on the type of credit to buy housing that you want to apply for.

They can be credits for fully built homes, to make a home construction or to expand or remodel houses or apartments that are owned. Similarly, mortgage loans can be requested to buy a store or an office.

Mortgage requirements

Mortgage requirements

All persons interested in processing mortgage loans, Peruvian or foreign, must have a minimum personal or family income that allows them to cover their monthly expenses and also cancel the payment fees of the credit and the extraordinary payments that are derived from any mortgage loan. These amounts required vary from bank to bank.

In order to process mortgage loans Peru, future homebuyers in the country must be of legal age and with a maximum of 69 years, although the term for canceling the loan to be requested varies at an older age, since as a rule at the end of the cancellation of the Debt, buyers can not be over 75 years of age.

In all cases it is advisable that those interested connect to the official websites of financial institutions where they will request their loans to buy housing or go to one of their agencies, where they will offer more valuable information to meet all the requirements required and at the same time, reduce mortgage payment.