Finance Your Property in Panama

Your Knightsbridge agent will walk you through all paperwork involved in your purchase of Panama Real Estate. In order to obtain financing, all financial institutions require specific information about you and your financial background in order to determine answers to the following questions :

• WHO ARE YOU?
            o Two proofs of identification certified at Panamanian Consulate or at a bank agency (passport, driving licence, etc.)
            o Two proofs of your home address (electricity bill, phone bill, etc.)
            o Completed loan application (sent by us)
            o Completed insurance form (sent by us)
• WHAT IS YOUR FINANCIAL SITUATION?
            o Original Recommendation letter from your bank
            o Income tax papers from last three years
            o Last three months bank statements
            o Proof of actual assets (real estate, stock, etc.)
            o Your current loan situation:
                  + Starting & final dates
                  + Initial amount borrowed and outstanding balance
                  + Annual repayment
• WHAT IS YOUR EMPLOYMENT SITUATION?
            o If You Are Company Employed:
                  + Employment letter
                  + Last three salary slips, bonus statement, etc.
                  + If other source of income, proof of it
            o If You Are Self Employed:
                  + Last three years balance sheet
                  + Letter from your accountant, certifying your income
                  + Any documents that certify that you own the business
                  + If other source of income, proof of it
• ARE YOU PURCHASING WITH YOUR SPOUSE?**
            o Marriage Certificate

** All documents must be sent by both husband and wife if you are purchasing together

NOTE : After their initial perusal of your documents, the financial institution may request further documentation for proof of various aspects.