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Application Forms PDF Print E-mail

BMP Application Forms

 
Please use the online forms below to contact us with your enquiries. 
 
 
We will get back to you personally to attend to your mortgage or relocation requirements.
 
 
Strategic Partners PDF Print E-mail

Our Strategic Partners

Best Mortgages Panama has been highly successful in forming and maintaining powerful relationships with leading organizations. We strive to combine our expertise with our partners' high-level industry and domain knowledge in order to present a complete solution offering for our joint customers. 

Below are some of our key strategic partners:

Montana_de_Caldera
Montanas de Caldera, a premier property developer providing a very high quality Residential
Resort of luxury Villas and Town Houses with all the necessary amenities.
Located between Boquete and David in Chiriquí province under the spectacular
backdrop of the Caldera Mountain ranges.

 

Afta Insurance
Afta Insurance is one of Panama's leading insurance brokers with access to every major insurance provider. They match each client's specific requirements to the insurance program that best suits that client's situation. AFTA provides customers with 24 hour service for Life Insurance, Medical Insurance, and Property (Fire, Burglary) Insurance - the most requested product categories for residential buyers.
 
Royal Le Page is one of Canada's largest real estate brokers who see Panama as an opportunity area for their Canadian clients seeking retirement or 2nd homes.
 
 
BMP Re-Lo PDF Print E-mail

BMP Re-Lo  

Settling you in comfortably…

in more ways than one.

Make buying a new home in a new country easy on yourself. Make it an experience that’s joyful and affordable.

Re-Lo Application

 BMP Re-Lo is a one-of-a-kind ‘settling you in’ company that can help you select furniture, appliances, blinds, lighting, electronics and systems (FABLES) and have these installed exactly the way you want, with the help of technicians and architects.

Looking at relocating to Panama? Apply Now.

BMP Relo can also guide a new homeowner with design ideas and suggestions. Our knowledge of the products themselves and our contacts with key wholesalers, Zona Libre (i.e. Free Zone) importers and most Panama City retailers will benefit you immensely. Not only will you make substantial savings - which will more than cover our service fee -. you will be presented with an array of international brands to choose from.

Other unique services include installation of multi-lock security doors, designer window grills (that look like window frames) and arrangements required for phone, fax, internet and cable connections within the dwelling.

Everything is customized to the homeowner's taste and budget


Start off Comfortably - Bilingual Customer Service

Happy Clients

Call one of our knowledgeable and friendly bi-lingual Customer Service Reps. He or she will listen carefully to you and get an understanding of what it is you are looking for, both in terms of brand/design and budget.

Only after this, will you be presented with all the options available for each service and product category. This discussion will be conducted at our office or at a selected retail store. Upon finalization of your list, you will be accompanied to see and select the various products you require. Our CSRs will present you with a detailed quotation for each product category selected, showing the savings you have made.


Pay For it Comfortably - Easy Payment Plan

Client Calling

Trust us, you will make huge savings through us and you can see this on paper. Also, our payment terms are easy to understand. Once you see the savings you make – and this will be presented to you even before you buy…you’re going to appreciate the fact that BMP Relo was around.

It is also important to remember two facts:

  • these deals are usually special negotiated prices and
  • inventory among Panama's wholesalers turns over rapidly.

BMP Re-Lo charges a flat fee, which is quoted after discussing the project with you, the homeowner. Payment is 100% in advance. In addition, BMP Re-Lo charges for all travel and miscellaneous incidentals incurred, which is invoiced weekly for prompt payment. BMP Re-Lo provides quotes for each product and service provided including delivery and installation. All vendors are paid directly by BMP Re-Lo. Usually, customers have BMP Re-Lo hold their full budgeted amount so as to avoid numerous transfers. BMP Re-Lo guarantees reconciliation as soon as each activity is concluded.


Settle in Comfortably - Installation Service Supervision

Fixing for customers

Happy Clients

BMP Re-Lo organizes economical deliveries and professional installation while you're back home at the ranch. Everything is inspected and tested by our CSRs and all Warranty and Guarantee papers are handed over to you in a handy BMP Re-Lo plastic pouch, once the job is complete.

Custom Installations: All custom installations (Air Conditioner Splits, Blinds/Curtains, Window Safety Grills, Security Doors, Lighting systems) are undertaken by professionals from each vendor under the supervision of a BMP Re-Lo CSR. After BMP Re-Lo pricing analyst has checked vendor quotes, they are presented to you for approval and payment.
Once payment has been received, installation by the vendor takes place.

Coordination with Property Developers: When it comes to activating or repairing incomplete or non-working electrical, plumbing and construction connections within the new dwelling, we interface for you, with the Property Developers to get them to complete their obligations. However, this service can only be offered on a "Best Efforts" basis and no positive results are guaranteed. Still, our success rate is very high.
Most homeowners hire us as Property Managers.

Utilities and Communications Providers: Installation of electricity, phone/fax, internet, cable connections inside the specific unit is often the responsibility of the Owner. This results in the need for each Owner to interface with these institutions, usually with frustrating results. Usually gas and water connections are made available into each unit, though there are cases where this is not the case.
BMP Re-Lo handles all this for the Owner.

Timelines and Deadlines: BMP Re-Lo will try it's best to stay within timelines agreed upon with the homeowner. But it is important to realize that we are at the mercy of vendor installers and Property Developer representatives, who often reschedule appointments at the last minute owing to traffic, weather and other reasons. Phone, internet, cable and utility provider representatives are well known for their tardiness.
BMP Re-Lo CSRs proactively contact all vendors just prior to the measurement or installation date in an attempt to alleviate this problem.


Contact us

Call us at 213-7713 or 213-7714 or 6677-3787

E-Mail us at: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 
Home Inspections and Appraisals PDF Print E-mail

Home Inspections and Appraisals

Best Mortgages Panama keeps a roster of Qualified Home Inspectors and works with a professional Home Appraisal team , both of whom are recognised and accepted by all major banks and real estate agencies in Panama.

Since it is necessary to know the commercial value of property in the market at the moment you wish to buy or sell, Best Mortgages’ expert teams can inspect, assess and appraise the property you are interested in, which in turn will impact the value of the property. It will update the registered value of the property as per market value and allow you to pay a 10% lower (catastral) tax from your earnings at the time of sale (in accordance with Law 6, passed on February 2, 2005, unless changed).

 
Application and Approval Process PDF Print E-mail

Application and Approval Process

  

1. Application to Best Mortgages Panama

After you have submitted the attached Application Form (BMP 2008-4) to Best Mortgages Panama requesting us to work on your behalf to secure a mortgage for you purchase, we will provide you with an “Estimate of Costs”. This will be based on our FREE pre-analysis of your mortgage application to Panamanian banks and will require you to have submitted to us all documentation required in the Documents Checklist (Docs 2008-4) available on our website under the section “Getting Pre-Qualified  For A Mortgage”.

As soon as you have approved and signed the Estimate of Costs from us, we will be legally engaged by you to work for you. Payment to us will be as per Terms outlined in the Estimate of Costs.

2. Application to select Panamanian banks

We will explain to you the specific strategy we intend to follow in your case to secure approval to your mortgage loan application. This will be based on your specific Financial Situation, Your Credit History, and the specific lending policies in place at this point of time at various Panamanian banks and other financial institutions.


Need for Full Disclosure.
It is imperative that you provide us with full and accurate disclosure of your Financial and Credit situation. Anything less will result in delays, likely disapproval by targeted lenders and major time and energy losses for Best Mortgages Panama and for yourself.

3. Bank application and Approval Process

Each Panamanian bank or lending institution has its own Application Form for Mortgage Applications. We will provide these to you and help you fill out the forms, making sure that you have provided the necessary back-up documentation that the lender requires.

Submission to 1st Lender

Your application will be submitted to the selected bank in person in a 1st Meeting, along with our custom analysis and recommendations.

After we have successfully submitted the application, the bank will undertake its own analysis and will usually revert with Questions.

This may require a 2nd Meeting with the bank. In any case, we will discuss these questions with you and will seek further clarification and/or documentation from you and then present these to the bank. At this stage it may be beneficial if you are present in person at this 2nd meeting.

The bank will further process the application and revert with their decision re: Approval/Rejection along with reasons. If the bank is prepared to approve the application, they may specify terms and conditions in terms of Guarantees, Down Payment, Interest Rate, Insurances Necessary, Others, etc. We will likely receive this information at a 3rd Meeting. We will then analyze all this and present it to you with a recommendation to proceed further or not with the application at this bank.

If our recommendation is to proceed further, we will advise you re: the best terms you will likely receive and what can be negotiated further.

With your approval, we will proceed on this and will hopefully secure the bank’s approval and complete the transaction successfully for you.

Submission to 2nd Lender

If the application to the 1st Lender was unsuccessful, we will recommend a 2nd lender to you and follow the same process with that application.

After we receive complete input from this lender, we provide you with our recommendation to proceed further or not with the application at this bank.

If our recommendation is to proceed further, we will advise you re: the best terms you will likely receive and what can be negotiated further.

With your approval, we will proceed with this, hopefully secure this bank’s approval and complete the transaction successfully for you.

 
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