FAQs

Yes, you can shop on your own if you have the contacts, time and patience it takes. Here, some of the reasons for which you don't want to do it on your own:

Relations in Panama are important. It's easier to be taken seriously by a bank if you are introduced by a professional, rather than going in as a John Doe.

English is not Panama´s first language. Few lender´s officers do have a general understanding of it. Getting lost in translation may happen more often than you wish. Once again, remember this is not just shopping a loan; this is a 20-30 years contract or in other words, a life time commitment.

Lender's officers are often sent on vacations, on seminars, transferred to a different branch or department or they just simply quit. This means that all this major events affect the processing of your application. As a company, we will always be there for you. We can successfully sort these events to get the job done.

Lender's officers are busy people. It becomes very difficult to attend phone calls and many times, reply to emails. Besides, most of their computer systems do not accept emails coming from popular accounts, such as hotmail, gmail, yahoo, msn and others. That´s why your emails keep bouncing. Our personalized service allows us to get through these inconveniences.

We will file your application at different lenders at a same time with our contacts, making the process get started faster.

With Panama Loan Experts services, you don´t need to be present. Once you hire our services and make the proper payments, we will take care. You do need to come to Panama to open a bank account and register your signature.

If you can´t be in Panama at closing and need representation (for signing the mortgage contract), a power of attorney will be required. You can always get this service from our partner law firm Alvarado Palacios y Asociados at a discount rate.

Because we can. Our CEO is not only a mortgage broker but also and attorney that understands the need of legal advise through the whole process, specially when the applicant is a foreigner. We want to make sure you feel safe and protected. There is no point on getting a great deal on a mortgage loan if you don´t secure a good mortgage contract.

Foreigners are applying more and more to get mortgage loans in Panama. Therefore, a realistic time frame would be between 15 to 20 working days, depending on several factors, such as loan amount and how fast the applicant provides the lender´s additional info.

With Panama Loan Experts we can apply through a corporation, even if it is new. Our lenders will analize your personal financial info since the corporation has none. In this case, the property title will be under the name of the corporation, but you will be the responsible debtor. Our law firm partner, Alvarado Palacios y Asociados can set up a Panama corporation or private interest foundation at a discount rate and as fast as in 3 to 5 working days.

Yes, granted by the Constitution, private property is not only respected as so, but protected in equal ways for Panamanians and foreigners.

With the recent changes in immigration laws that were enforced from August 26, 2008, you can stay up to 90 days. Contact our law firm partner, Alvarado Palacios y Asociados at info@panamaloanexperts.com for further info regarding immigration matters and getting your residence in Panama.

Yes, up to 3 months.

It is important to know that Colon Free Zone is closed Saturdays and Sundays. All government offices are also closed on this days.

Yes! Contact us at info@panamaloanexperts.com to get detailed info on this matter.

We accept wire transfers, credit cards Visa and Mastercard, local checks and cash. If you want to pay on line, contact us to provide you with instructions. If you plan to send a wire transfer, contact us for route of transference. Local checks must be issued under the name of Alvarado Palacios y Asociados