Mortgage Finance

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MORTGAGE FINANCE
WWW.ASSETALLIANCE.AE
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WHAT IS MORTGAGE LOAN?
What is Mortgage Loan? Mortgage Loan that you get
from a financial establishment, typically a bank,
to empower you to buy or develop another house or
revamp your current structure. By benefiting
yourself of a home loan in Dubai, you are
venturing out towards obtaining your own asset
that is going to fetch you many times its
original value later on in life.This is the
current situation in Dubai where the housing
market is going through enormous appreciation and
it just seems OK to procure a home loan that will
get you a strong asset along with an
extraordinary interest in something that will
give you more noteworthy returns in future.To
comprehend your qualification for a mortgage
loan, regularly scheduled payments and the
different expenses you should pay prior to
getting the loan endorsed, you want to be
familiar with the mortgage number cruncher that
gives you these subtleties, so you can discover
your reasonableness and settle on the amount you
really want to get to put resources into your new
property.
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TYPES OF MORTGAGE FINANCE
PURCHASE OF NEW VILLAS OR FLATS USING A MORTGAGE
MORTGAGE FOR BUILDINGS FOR CONSTRUCTION
Under construction loans can be financed, and the
development phases and developer's status will be
evaluated with land department updates before the
loan is processed.
Anyone who wishes to purchase ready-to-occupy
flats or villas from developers or re-sellers can
do so for a very low interest rate and in a very
short period of time.
NON-RESIDENTIAL MORTGAGE
COMMERCIAL REAL ESTATE MORTGAGE
We provide loans for foreigners who are even
non-residents of the UAE who want to buy property
in the UAE with simple documents and financing.
We provide finance for properties for offices,
warehouses, workplaces, and buildings of any
complexity in nature, and it's done quickly and
easily.
BUYING OUT RELEASING EQUITY
LOAN FOR A BUSINESS
Obtaining financing through mortgaging your own
property and benefiting from cheap interest
rates, as well as using the fund for emergency
cash flow, will be a low-cost source of funding
for you.
By mortgaging existing own properties at a very
cheap rate of interest and for a longer term, one
can arrange financing for business needs.
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BENEFITS OF MORTGAGE LOAN

• Financing of up to 85 of the chosen property's
  current market value
• Large financial investments
• Fast approval and a quick turnaround
• More time to pay back, up to 25 years
• Convenient monthly payments at the appropriate
  variable rate
• Insurance from Takaful is designed to safeguard
  your family in the case of an unanticipated
  circumstance resulting in harm or death
• A little amount of paperwork and slow processing
  speeds
• For properties that are still under
  construction, engineering and project monitoring
  services are provided at no additional cost.

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ELIGIBILITY CRITERIA OF MORTGAGE LOAN

• The candidate should be of least 21 years
• The age needed to qualify for a home loan is 58
  years old if you work for a salary and 60 years
  old if you are self-employed, although the lender
  may adjust this.
• To qualify for a mortgage loan, you must have a
  consistent source of income because your monthly
  income alone can affect how much you borrow.
• Good credit history

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DOCUMENTS REQUIRED

• For Individuals
• Identity-verifying document, such as a passport
  or Emirates ID
• Utility bill as residence evidence
• Account Statement from your Bank
• The most recent pay certificate and pay stubs
• For Self employed
• Identity-verifying document, such as a passport
  or Emirates ID
• Utility bill as residence evidence
• Account Statement from your Bank
• Terms of Association
• Industry permit copying
• All Staff list
• Company information / Website URL

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RULES FOR MORTGAGE LOAN

• Expatriates will be able to finance 75 of a
  property's entire worth for a first investment of
  less than AED 5 million, while UAE residents
  would be able to borrow up to 80.
• Expats and UAE nationals can borrow up to 65
  and 70 of the entire value of a property valued
  at more than AED 5 million, respectively.
• For off-plan properties, all mortgages will be
  limited to 50, regardless of purpose, value, or
  country.
• The loan will be repaid over a 25-year period.
  The maximum age for expats and UAE nationals at
  the time of the loan's final installment will be
  65 and 70 years old, respectively.
• The EMI cannot exceed 50 of the borrower's
  monthly income, and total repayments cannot
  exceed the yearly income obtained in seven years
  for an expatriate and eight years for a UAE
  native.

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CONTACT US
971-555394457
assetalliance.ae_at_gmail.com
www.assetalliance.ae
Oud Mehta, Gulf Tower, B1 Block 9th Floor,
office 24, Dubai-UAE