Telva Chang-Wong V.
Home Financing Specialist
Scotiabank Panama - Personal Banking
ph: (507) 315-6700  cell (507) 6671-5031
email:telva.chang@scotiabank.com

Click Here to see requirements

___________________________________________________________________

LOAN REQUIREMENTS FOREIGNERS

Home Mortgage Loans

Juan Gabriel Alain, Tel:(507) 210-7661 Fax: (507) 210-4007

email: juan.g.alain@hsbc.com.pa

Requirements:

People earning a salary

Original Job letter, Copy of Passport, Copy of the latest two payroll receipts

Last (2) Income Tax Returns ’04 and the ‘05, Signed and Completed Application Form (provided by HSBC)

(2) bank reference letters (credit references preferably)

Authorization to check credit references

Self-Employed

Copy of Passport, Last (2) Income Tax Returns ’04 and the ‘05, Signed and Completed Application Form (provided by HSBC)

(2) bank reference letters (credit references preferably)

Authorization to check credit references

**Note:  No need to present Bank references if you live on the United Status, also please attach :

- Copy of the last (2) Income Tax Returns ’04 and the ‘05 (Earning a Salary and Self-Employed)

- Copy of the last (2) W-2 Forms ’04 and the ’05 (Earning a Salary)

IMPORTANT NOTE: A life insurance policy must be taken out for the amount of the loan.  This can be included in the mortgage payment if you are under the age of 65.  A medical exam may be required to be taken in Panama depending on your age and the amount you borrow.  If not taken with the bank, a life insurance policy must be endorsed to the bank by a Panamanian insurance company.