Have you ever wondered how could you finance a real estate investment? Currently, the Colombian market offers multiple financing solutions. Mortgage credit, residential leasing and a rental agreement with a purchase option, are some of the frequent solutions. Read below the characteristics of each solution.

Mortgage credit

It is one of the most traditional and frequent options. It is a loan made by a financial institution, usually a bank. In return, the beneficiary undertakes to return the borrowed amount plus the interest agreed by means of periodic payments within a specified period.

In this financing modality, the buyer becomes the owner of the property from the beginning of the agreement. The loan may finance up to 70% of the commercial value of the property and will be free to use it from the beginning.

Housing Leasing

It is one of the most frequent options nowadays. It is a lease agreement with a purchase option with a bank. In this mode, the beneficiary undertakes to make periodic payments within a specified period. The buyer will become the owner at the end of the agreement.

Residential leasing can finance up to 80% of the commercial value of the property. It handles a lower interest rate compared to traditional modalities, and offers tax benefits until the purchase is formalized. With this solution, you will have the possibility to inhabit the property with some previously agreed conditions.

Rent with purchase option

It is one of the most flexible options of the moment. It is a rental agreement with purchase option with the seller of the property, with which we undertake to rent his property for a minimum period of time. In this modality, the buyer must decide if he finally acquires the property once the agreed term ends.

The rent with purchase option can recognize up to 50% of the value contributed in its term, gives priority to purchase to the lessee and maintains the agreed value for the property in case of a valuation. With this solution, you will have the possibility to inhabit the property with previously agreed commitments.

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