Scotiabank Financing in Dominican Republic

ScotiaBank is offering a Foreign Home Buyer Program for USA, Canadian and UK Buyers with a 6.5% interest rate for a 30-year term.

What Is a Credit Score?

Credit score is a numerical representation, ranging from 300 to 850, of a person’s creditworthiness. It reflects the individual’s credit history, including the number of active accounts, overall debt, payment history, and other relevant factors. Lenders utilize credit scores to assess the likelihood of the borrower repaying loans on schedule.

What is Loan to Value?

Loan-to-value (LTV) is a common ratio used in mortgage lending to determine the down payment required and whether a lender will grant credit to a borrower.

What is Net Worth?

Net worth represents the difference between the assets a person or business owns and the liabilities they owe. It is a crucial metric for evaluating a company’s financial well-being, providing an overview of its current financial position.

What is Debt Ratio?

Debt ratio measures the degree of leverage employed by a business, expressed as the ratio of total debt to total assets. A debt ratio exceeding 1.0 (100%) indicates that the company has more debt than assets. In comparison, a debt ratio lower than 100% implies that the company has more assets than debt.

Monthly Mortgage Payments

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