Mortgage –which is defined as a kind of contract that makes you able to borrow money from a bank or a similar organization and pay it back in part payment in a period of agreed time along with an added interest rate amount. This option makes us able to afford our dreams of having a property or something similar. Applying for a mortgage is not something strange, as you probably think when you have advice of a trusted mortgage advisor.
We can all agree that it is better to purchase a property rather than paying towards a rent. A mortgage is a way which helps you purchase a property without putting the whole savings of yours into that. By using the advice of a professional mortgage consultant, you may stop paying off your landlord’s mortgage, and start investing in your own property and future, in what belongs to you.
You, as a UAE resident, are entitled to receive financing for up to 75% of the property value, depending on the income eligibility. There are mortgage solutions for non-residents too, – up to 50% financing is achievable.