Whether you are a resident or not, we can assist with your mortgage needs.
Our partnership with a range of UAE banks ensures that their clients receive the most suitable mortgage for their specific needs. We are able to offer our clients cost-effective products because of these exclusive partnerships.
We can help you find the best mortgage offers in Dubai and the UAE, whether you're purchasing your first home or refinancing an existing loan.
A mortgage is a loan that a lender extends to a home buyer to help finance the purchase of a property.
Principal – the amount that goes towards the equity
Interest – the rate you are charged to obtain the loan
Insurance – This is mandatory in all cases
The purchased house acts as collateral, so if you can't repay the mortgage, your lender can take possession of your property and sell it to collect any money you owe them.
This depends on your personal circumstances, such as your salary and your existing liabilities. For a more direct answer, have a chat with our mortgage advisor.
Again, This is dependent on your personal circumstances, so you would need to speak to our mortgage advisor for an accurate answer.
The faster you pay off your mortgage, the less interest you will have paid at the end of the mortgage term (use our early payoff calculator to get the sums). So the faster you pay your mortgage, the less you need to pay.
If they have a low-interest rate, and put their money towards higher-interest investments, it might make sense to keep the mortgage ongoing while using capital to earn more money on higher-interest investments.
This again, is dependent on your personal circumstances such as work, therefore it would be best to have a chat with our mortgage advisor to give you a more accurate answer.
These are generally only for 1,2,3, or 5 years. The amount you pay towards interest will be large at first, but will gradually decrease as you make payments.
The interest rate on an adjustable-rate mortgage will fluctuate and be linked to the EIBOR rate, which means the interest portion paid on your monthly payments will change.
This shows the amount of interest paid and the amount of capital paid.
This is the total length of the mortgage. The maximum length in the UAE is 25 years and is based on its affordability.. This can be discussed with your mortgage advisor and confirmed by the bank.
We definitely recommend speaking to our mortgage advisor, they will tell you everything you need to know about getting a mortgage and help guide you through every step of the way.
