Jaco CostaRica Real

Post N° 1

Jaco CostaRica Real Estate

Anyone looking for a good investment should check out the Jaco CostaRica Real Estate. There are prime pieces of real estate among the Jaco CostaRica Real Estate and it is located throughout the country. The economy is strong and expanding and real estate investment in the country can be a great opportunity for investors both domestic and foreign. There are particularly good opportunities at some of the areas that are becoming major tourist attractions.

One of these areas where there is Jaco CostaRica Real Estate for sale is around the coastal town of Jaco that is located on the Central Pacific Coast. This is one of the most beautiful areas of the country and the town has grown from a small, relatively unknown resort community, to a major tourist destination. There is no reason to believe that it will not continue to grow as more people are discovering that they can have the best of two worlds in the area.

On the one hand you have beautiful beaches along the Pacific shoreline and on the other hand, Jaco is near the majestic highlands. This area is one of those where Jaco CostaRica Real Estate can be a very good investment both for large companies looking to develop property and for the individual that just wants a nice vacation getaway or a place to retire in comfort and luxury.

One example of Jaco CostaRica Real Estate that is being turned into a lucrative site is the Jaco Blu Private Residence. A look at the website at www.jacoblu.com will provide insight as to why the bungalows at the residences are so attractive. It offers a beautiful view of the ocean as well as close proximity to the highlands and the entertainment attractions of Jaco. It also has excellent amenities like a world class spa, a fine restaurant, and outstanding concierge service.

All of the private mortgages that are being made available to residents and non-residents alike, are in US dollars. There is financing up to 85% of the purchase price for personal residences and up to 70% for rental properties or second (vacation) homes. These maximum amounts apply to Costa Rican residents, only. For non-residents, the loan value is 70% for owner occupied and 60% for investment properties or second homes. The loan terms can go as long as 30 years in the case of resident applications and 25 years for non-residents who apply.Interest rates are based on the standard that they are tied to and in most cases are reviewed quarterly and adjusted according to the prime rate, which is usually either the New York prime rate or LIBOR index.

For the purchase of an existing home or for the cost of constructing a new home, some Jaco CostaRica Real Estate options are as follows:

• Option number 1: 8.75% adjustable with a front end fee of 3.50% of the loan amount.


• Option number 2: 9.00% fixed with a front end fee of 3.50% of the loan

The adjustable mortgage rates can change quarterly based on the New York prime rate or LIBOR, and fixed mortgages for 1, 2, 3 or 5 years can also change after their fixed term, based on the New York prime rate or LIBOR plus 2.50%. If you are borrowing what is considered a jumbo loan or over $200,000, the rate will be increased by an additional 0.25%.