Are you looking to purchase property in Dubai and wondering how much you can borrow through a mortgage? We sat down with one of Mortgage Finder’s most experienced mortgage consultants, Mr. Brendan Kennelly, to help you get a full picture of your borrowing capacity when applying for a mortgage in Dubai. In today’s article, Mr. Kennelly will be discussing the different factors that affect your mortgage borrowing capacity in the UAE.… Read more
UAE: Mortgages to be used by more home purchasers as interest rates fall in 2024
Real estate analysts predict that property buyers, particularly end-users, in the UAE, will increasingly turn to mortgages in 2024, as interest rates are projected to drop by as much as 100 basis points. According to real estate analysts, mortgage rates have a major influence on buyers’ decision-making process when it comes to purchasing properties in the UAE. As rentals in the UAE continue to grow at a rapid pace, they predict that many UAE renters will opt to become property buyers in 2024.… Read more
First Home, First Mortgage: Your Complete Guide
Buying your first home is an exciting milestone in life, but it can also be a daunting process, especially when it comes to securing a mortgage. As a first-time home buyer, understanding the ins and outs of mortgages is crucial to making informed decisions and achieving your homeownership goals.… Read more
How can expats buy property in Dubai with a mortgage?
Dubai’s real estate market is one of the most vibrant and attractive in the world, offering expatriates lucrative opportunities for property ownership. However, navigating the process of buying property with a mortgage can be daunting, especially for those unfamiliar with local regulations and procedures. In this comprehensive guide, we’ll walk you through everything you need to know about purchasing property in Dubai as an expat and securing a mortgage to finance your investment.… Read more
What is PITI?
When diving into the world of mortgages, one term you’ll come across is PITI. PITI stands for Principal, Interest, Taxes, and Insurance. It encapsulates the various components of your mortgage payment beyond just the loan amount and interest. Let’s break down each element:… Read more
UAE Real Estate Shift: Higher Demand for Mortgages with 2024 Rate Decrease
Tags: DubaiMortgageReal Estate
Real estate analysts predict that property buyers, particularly end-users, in the UAE, will increasingly turn to mortgages in 2024, as interest rates are projected to drop by as much as 100 basis points. According to real estate analysts, mortgage rates have a major influence on buyers’ decision-making process when it comes to purchasing properties in the UAE. As rentals in the UAE continue to grow at a rapid pace, they predict that many UAE renters will opt to become property buyers in 2024.… Read more
Should I pay off my mortgage early or invest the money elsewhere?
If an individual applies for a house loan, he normally examines his present earnings and files for the loan that is appropriate for him. Nevertheless, if the borrower’s business increases, she or he is more likely to accumulate a surplus.… Read more
