Category: Mortgage

Best Mortgage Rates in Dubai

Best Mortgage Rates in Dubai

I. Introduction Dubai’s real estate market is known to be one of the most active and diverse in the world, with many investors and home buyers looking to acquire properties. In Dubai, mortgages are one of the most popular financing options for purchasing property, providing individuals and businesses with the necessary funds to purchase a

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Process of Mortgage:

Process of Mortgage:

There are several processes in getting a mortgage and as mentioned below, Pre-Approval: Pre-approval for a home mortgage is advisable before looking for a property.  This indicates that you are a serious buyer, which gives you the advantage of purchasing a property in the competitive housing market. This gives you peace of mind in purchasing

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Bridge Loan Program

Bridge Loan Program

Buying a new home is always a big undertaking, and the current seller’s market can make the process even more challenging. With limited inventory and frequent bidding wars, buyers can feel a natural uncertainty in landing the house they want. Selling your current home before finding your next one can be even more stressful since

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Do’s and Don’t for avoiding mistakes in mortgage:

Do’s and Don’t for avoiding mistakes in mortgage:

What should be done: Make finances in order:  It is compulsory to make sure that the document is thorough, accurate, and complete to get a loan. The mortgage paperwork varies, but it has Loan application Financial verification documents: W2, pay stubs, tax returns, alimony, or child support documents. Assets and the debt documentation: bank statements,

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Choosing a Home that has good appreciation

Choosing a Home that has good appreciation

The Appreciation of a home is an important factor that has to be considered when buying a home as the value of the home increases over time at a steady pace. There are a number of factors that contributes to the increase in appreciation except the few that are out of control. The few that

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Process of getting a loan for non-residents:

Process of getting a loan for non-residents:

It is possible to get a mortgage in UAE for non-residents through a specific procedure and it is required to produce the necessary documents.   To get a mortgage for purchasing a property in Dubai or an off-plan property that is already purchased and needs the mortgage for the final developer handover payment, or already

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Will your credit score affect while taking mortgage?

Will your credit score affect while taking mortgage?

Knowing the credit score before buying the mortgage is the first step which will be of a greater advantage. To get a mortgage it is best to evaluate and maintain to have a higher credit score are else you will not qualify for a mortgage with better rates. That means the interest rate for the

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Reasons to Invest in the UAE:

Reasons to Invest in the UAE:

Economic safe and stability: Because of its strategic location, strong financial reserve, large sovereign wealth funds, and sustained government spending, UAE is gifted with the advantage of economic stability. The progressive policy of economic diversification allows the country to expand with an increase in productivity by shifting the economy away from a single income source

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Getting a Mortgage without a credit score

Getting a Mortgage without a credit score

Getting a Mortgage without a credit score? Is it possible? Getting a mortgage without a credit score or credit history is possible as it is determined as the difficult one because finding a lender and convincing to provide a loan without a credit score is not easy.   There are certain ways to get a

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What is Mortgage And it’s types

What is Mortgage And it’s types

What is a mortgage?   The mortgage is a type of loan offered by a bank (lender) to purchase any tangible assets ( house, land or Property) or any type of real estate. The borrowed sum should be paid periodically (installment) in the form of principal and interest until the end of amortization period. The

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