Navigating Your Home Buying Journey with Expertise and Care

The advantage of engaging with our mortgage brokers is that they provide impartial, expert advice to assist you in selecting the most suitable mortgage option for your circumstances. They will explore all possible choices with you and recommend the optimal one, ensuring you are well-informed to make the right decision.

A security cheque serves as a mandatory guarantee demanded by banks in the UAE for any form of credit issuance, encompassing credit cards, personal loans, auto loans, or mortgages.

Banks necessitate that you furnish them with a post-dated cheque, which should at least encompass the entire amount of credit extended.

The reversion rate is the interest rate to which your mortgage shifts after the termination of your fixed-rate mortgage period. Comparable to a variable mortgage rate, the reversion rate often correlates with an EIBOR rate, to which the bank adds a certain percentage.

Flat and reducing rates are two approaches for calculating interest on a mortgage.

In a flat rate of interest, the interest rate remains constant throughout the loan term, calculated on the initial amount borrowed (the principal).

Conversely, a reducing rate of interest decreases over time as it's based on the remaining loan balance, factoring in the repayments made, rather than the original principal.

Sometimes, a flat rate might be presented at a seemingly lower and more attractive rate compared to the equivalent reducing rate. It’s crucial, when obtaining a mortgage, to clarify with the bank or your mortgage advisor whether the interest applied is on a flat or reducing basis.

When your employer provides a housing allowance, it can be factored into your mortgage application.

For instance, if your employment contract or salary certificate indicates that you will receive a housing allowance upon exiting company-provided accommodation, this forthcoming allowance can be considered in your mortgage calculations.

Although you must still provide the required down payment, this allowance can enhance your borrowing power by demonstrating increased affordability, potentially allowing you to borrow a larger amount in some scenarios.