Mortgage
A Guide To Mortgage Refinancing in The UAE
If you want to refinance your mortgage in the United Arab Emirates (UAE), several options are available. You can work
September 25, 2023
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Whether you are a first-time buyer or planning to re-mortgage your property, our comprehensive mortgage calculator helps you determine the amount you can borrow.
The eMortgage Calculator is a free and easy tool used to estimate your monthly mortgage payments. Enter your basic details and let the Mortgage Calculator do the rest for you.
eMortgage strives to provide the best mortgage solutions to home owners and property investors. We bring the fine combination of technology and relentless customer service to its best use in the UAE Mortgage market.
Initiate your home financing within seconds and find the best mortgage deal in the market.
Choose the best mortgage option from wide range banks and lenders in our network.
eMortgage strives to provide the best mortgage solutions to home owners and property investors. We bring the fine combination of technology and relentless customer service to its best use in the UAE Mortgage market.
Initiate your home financing within seconds and find the best mortgage deal in the market.
Our advanced technology and support team helps you stay in control of your finances.
Our advanced technology and support team helps you stay in control of your finances.
Choose the best mortgage option from wide range banks and lenders in our network.
We help you decide for yourself. With no hidden costs, we believe in transparency.
eMortgage is the best mortgage advisor in Dubai and the UAE. With years of experience, our team can help you find the best mortgage for your needs. We work with all major banks and lenders in the UAE, so we can find you the best deal possible. Contact us today to learn more!
We will coordinate with all the banks and lenders on your behalf, so you don't have to. We'll make sure all your documents are in order and that you're getting the best deal possible. Furthermore, we will follow up with the bank or lender on your behalf to make sure the process is moving along smoothly.
Once you've got your mortgage, we'll still be here for you. We offer ongoing support to our clients so that you can make the most of your mortgage and have mental peace knowing that you are in good hands. We'll help you with anything you need, from understanding your statement to making extra payments.
At eMortgage, we understand the importance of security. We will work with you to find the best Dubai mortgage solution that meets your needs and provides you with the security you need. Not only that, but we will also help you to understand your mortgage so that you can make the most of it.
eMortgage is the best mortgage broker for different types of Mortgages in Dubai, UAE. With years of experience, our team can help you find the best mortgage for your needs. Whether you are a UAE National or an expat , we can find the best mortgage solution for you.
UAE Nationals can apply for a loan against their property in Dubai. This can be used for various purposes such as investment, business, or personal use. The loan amount is based on the value of the property and can be up to 85% of the property value.
If you are a UAE national, you can even apply for a home loan to buy a property in Dubai. The loan amount is based on the value of the property and can be up to 85% of the property's purchase price.
Getting a mortgage as an expat in Dubai can be a challenge. There are many factors to consider such as your monthly income, employment status, and the type of property you are looking to buy. However, there are many options available for expat residents and our team can help you find the best one for your needs.
As an expat, your options for taking a loan against property in Dubai are more limited. You can only apply for a loan if you have a UAE residency visa and your property is located in a freehold area. The loan amount is based on the value of the property and can be up to 80% of the property value.
There are many types of mortgages available in Dubai. The type of mortgage you choose will depend on your individual needs and circumstances.
The most common types of mortgages in Dubai are:
This type of mortgage has a fixed interest rate for the entire term of the mortgage loan. This means that your monthly payments will stay the same even if interest rates rise.
This type of mortgage has an interest rate that can change during the term of the loan. Your monthly payments will also change if the interest rate rises or falls.
This type of mortgage has a fixed interest rate for the first few years and then it will change to a variable rate. There is also a limit (or cap) on how much the interest rate can increase.
This type of mortgage is for people who do not live in Dubai but want to buy property here. The interest rates on these mortgages are usually higher than for resident mortgages.
This type of mortgage allows you to offset your savings against the outstanding balance of your loan. This can reduce the amount of interest you pay and help you to repay your mortgage faster.
These were some of the most common types of mortgages available in Dubai. If you are not sure which one is right for you, our team can help you to understand your options and find the best mortgage for your needs.
Contact us today to get started!
In order to qualify for a mortgage in UAE, you will need to meet the following criteria:
If you meet all of these criteria, you should be able to qualify for a mortgage in Dubai. However, the final decision will be made by the lender and they may require additional information from you.
You will need to provide the following documents when you apply for a mortgage:
Once you have gathered all of the required documents, you can start the application process. It is important to note that the documents required may vary depending on the lender.
This will help you to find the best deal for your needs. Once you have found a few options, you can start the application process.
You will need to fill out an application form and provide the required documents. The lender will then assess your application and make a decision.
This offer will outline the loan terms and conditions of the mortgage loan. You can then decide whether to accept or reject the offer.
This contract will outline your rights and responsibilities as a borrower. Once the contract is signed, the lender will transfer the funds to your account and you can start making monthly payments.
The interest rate on a mortgage in the UAE will depend on a number of factors, including the type of loan, the lender, and your personal circumstances.
The rate of interest on home loans in Dubai averages from 2.99 to 5%. In the past, these rates have been lowering and are expected to continue doing so in the future. However, this is not set in stone and things could always change.
The repayment period for mortgages in Dubai is usually 25 years. However, some lenders may offer longer or shorter periods. It is important to consider the repayment period when you are comparing mortgage offers, as this can have a big impact on the total amount you will need to repay.
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Yes, you can get mortgages in Dubai. You will need to meet some criteria and provide some documents, but the process is similar to other countries.
The cost of a mortgage in UAE will depend on the interest rate and the repayment period. The average Dubai mortgage interest rate is 2.99-5%. The repayment period is usually 25 years.
Yes, foreigners can get mortgages in the UAE. The minimum requirement is that you have a UAE residency visa.
The minimum down payment required for a mortgage in Dubai is usually 20%. However, this can vary depending on the lender.
No, it is not difficult to get a mortgage in the UAE. The process is very simple and straightforward. However, you will need to meet some criteria and provide some documents.
Yes, it is worth buying a property in Dubai. The city has a lot to offer and there are many benefits to owning a property here.
If you want to refinance your mortgage in the United Arab Emirates (UAE), several options are available. You can work
If you are a foreign national or non-resident looking to buy property in Dubai, you will need to get a
Dubai has become an attractive destination for expats and non-residents alike, providing a great environment to live in with plenty