Do most people finance through banks on the island?

Member since 04 March 2015

Kennypackers1Member05 March 2015 03:50:08

The name is Kenny and though my wife and I are just at the beginning of our journey to the island life we look forward to becoming expats and relishing in this radically different lifestyle. I am 44 and she is 43 and we are moving from the state of Wisconsin. All our 4 children are grown up just waiting on my youngest to graduate from high school so we can move on in life. I have read many comments about the island and have been around the entire island. I seem to prefer the rainforest coast more but have nothing bad to say about the west coast as Rincon was awesome also.Currently we are in the financing stages of our home. Do most people finance through banks on the island? Once thats done then we will have to fly over and choose one. Any info on good realtor's or lawyers for documentation is appreciated. For now thats where we are at.... here's to a great new journey!! Take care all and thanks in advance for any input.

See also

Renting in Puerto Rico - Guide
Banks in Puerto Rico - Business
Recommendations for a Mortgage Lender for a 2nd home in Puerto Rico - 0 Reply
Construction loan to build house in Puerto Rico - 89 Replies
Issues with Autoridad de Acueductos Y Alcantarillados (AAA) - 2 Replies
Best lender for a land loan - 3 Replies
Evolution of banking services in Puerto Rico - 1 Reply

Christine ViP

Member since 29 September 2008

Follow Expat.com on Facebook, Twitter and Google+

ChristineViP05 March 2015 09:20:26

42879

Hi Kenny,

welcome to Expat.com!

A new topic has been created as from your post on the Puerto Rico forum.

NomadLawyer Serial expat

Member since 27 September 2010

NomadLawyerSerial expat05 March 2015 23:21:35

693

I can recommend lawyers but I need to know what area of the law suits your situation first.

suzanne12345 Contributor

Member since 15 November 2014

suzanne12345Contributor05 March 2015 23:23:52

163

Our realtor was ahernandez@ahrepr.com Alberto Hernandez. We were very happy with him and he has worked with many people at my husband's company. Good luck with the move!

Priscilla ViP

Member since 30 May 2013

PriscillaViP06 March 2015 06:52:52

42358

@ suzanne12345 > Thank you for this sharing of information.

I invite you to recommend this person in the business directory here : https://www.expat.com/en/business/centr … erto-rico/

Thank you for your help

Priscilla

frogrock Serial expat

Member since 17 July 2013

frogrockSerial expat06 March 2015 12:16:41

509

You will find it difficult, if not impossible, to finance a home in Puerto Rico with a non-Puerto Rican Bank. My New York banks said "no way". In PR I opened accounts in local banks.

Bank accounts for expats

Discover the best international banks to manage your money securely.

Learn more

Bear66 Member

Member since 18 August 2014

Bear66Member10 March 2015 09:55:16

We bought a condo last year in Fajardo and financed it through FirstBank. We had a great real estate agent who handled everything. I've bought several properties and this transaction was about as smooth as they come.