Hi Rebecca,
Thanks for visiting the forum. It is possible to get these loans from banks in Panama but amortization periods shrink as age increases with loans often unavailable for those over the age of 75. Interest rates and terms vary depending on the home you buy, so you would have to approach banks with a property in mind (or at least a price range) to get more info. For example, if you are 57 years old and seeking a mortgage, the longest term you will be able to obtain here is likely 18 years. Hope this helps.
Best,
IL Panama Editor Jessica Ramesch