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Housing Loans in Dubai : Housing Loans in Dubai Yellow Pages Directory. List of Housing Loans in Dubai with Telephone Number, Website Link, Email Address & Location Map.
Housing Loans in Dubai : Housing Loans in Dubai Yellow Pages Directory. List of Housing Loans in Dubai with Telephone Number, Website Link, Email Address & Location Map.

List of Housing Loans in Dubai Yellow Pages Directory

List of Housing Loans in Dubai Yellow Pages Directory – Choose from the best Housing Loans in Dubai and compare prices, cost and reviews. Find the best price for Housing Loans in Dubai UAE. Compare how much Housing Loans cost in Dubai and save money.

lace we live. So, when we decide to take a mortgage it becomes highly perplexing for it is something you are not used to. Taking out a mortgage is not like an everyday errand. Mortgage in the simplest terms mean long-term loan used to finance the purchase of real estate. As the borrower, or mortgagor, you repay the lender, or mortgagee, the loan principal plus interest, gradually building your equity in the property. In a mortgage, you can use your property but not the title of it. When you pay the mortgage, you own the property.

You must have heard that interest rates on mortgage are at their lowest. There is no doubt that they are declining, lending new opportunities to homeowners to get the financial funding they require. Mortgage has become more competitive and easy to get. Competition among loan lender is rising therefore it has lot of potential for homeowners. So it is no surprise to know that mortgage is mounting among people.

Today’s consumers have many different mortgage types to select from. Mortgages have been flavoured with different interest rates for the benefit of the mortgage applicants. The more recognized mortgage types are fixed, variable and balloon mortgage.

Mortgage has been publicized everywhere as a real good loan plan for every homeowner. However, it is essential to realize that mortgage is in itself a very exhaustive term. There are innumerable sub categories.

Mortgage types are meant to be for your benefit. Two major types of mortgages are available – repayment and interest only mortgage. Repayment mortgage is the traditional, old fashioned mortgage where the property is guaranteed and is yours only at the end of the loan term provided you repay the loan. The monthly payment on Mortgage compiles capital repayment and interest payments. Capital repayments repay the loan amount your have taken. Interest payments provide repayments for the interest on the loan. Every month you keep on paying a little of both the loan and the interest till the whole loan is repaid.

Interest only mortgage is a relatively new term. In an interest only mortgage the capital is not repaid directly. The capital on a mortgage term is repaid at the end of the mortgage term while simultaneous investments are made to an investment fund. The idea is to make this fund flourish so that at the end of the term there is enough money to pay the mortgage and also leave capital for your personal usage.

List of Housing Loans in Dubai

Find the top Housing Loans in Dubai with name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, coupons, vouchers, reviews and ratings. Find bellow list of Housing Loans in Dubai UAE.

1. Arab Bank
Address & Location: Deira, Dubai, UAE
Telephone Number: +9714-4450000
Category: Housing Loans

2. Arab Emirates Investment Bank PJSC
Address & Location: Deira, Dubai, UAE
Telephone Number: +9714-2328080
Category: Housing Loans

3. ADIB
Address & Location: Dubai, UAE
Telephone Number: +9714-4033408
Category: Housing Loans

4. Bank of Baroda
Address & Location: Bur Dubai, Dubai, UAE
Telephone Number: +9714-3538093
Category: Housing Loans

5. Bank of Sharjah
Address & Location: Al Garhoud Street, Dubai, UAE
Telephone Number: +9714-2827278
Category: Housing Loans

6. Dubai Islamic Bank
Address & Location: Near Deira Clock Tower, Dubai, UAE
Telephone Number: +9714-2959999
Category: Housing Loans

7. Emirates Islamic Bank
Address & Location: Bur Dubai, Dubai, UAE
Telephone Number: +9714-3528528
Category: Housing Loans

8. Emirates NBD
Address & Location: Al Barsha 2, Dubai, UAE
Telephone Number: 800 100
Category: Housing Loans

9. First Gulf Bank
Address & Location: Dubai, UAE
Telephone Number: 600544400
Category: Housing Loans

10. Mashreq Bank
Address & Location: Ras Al Khor, Dubai, UAE
Telephone Number: +9714-4244453
Category: Housing Loans

Housing Loans Dubai Location Map

Mortgage Refinancing is way to replace the existing mortgage with another mortgage. The replacement can happen with the current mortgage lender or a different mortgage lender. Mortgage Lenders created numerous mortgage options which add to the complexities of mortgage. Here are a collection of common questions and answers about mortgage refinancing.

What are the steps to mortgage refinancing?

First, you analyze your current financial situation. This tells how well your financial situation. After, you shop for the best mortgage. Most mortgage lenders have a website. Borrowers can research on the internet. Once the borrower found an advantageous mortgage, the borrower applies for the mortgage refinancing.

How to choose the right mortgage lender, or mortgage broker for mortgage refinancing?

The mortgage lenders differ in mortgage options such as interest rates, mortgage terms, down payment, closing costs, and more. To choose the right mortgage lender requires many mortgage refinance calculations and considerations.

What do I need to complete mortgage refinancing application?

Borrowers need to supply the full names, current addresses, previous addresses, social security numbers, employers information, gross monthly income, property information, asset information, and liabilities information.

When should you do mortgage refinancing?

The life of the mortgage is divided into several mortgage terms. When the mortgage matures at the end mortgage term, the borrower refinances the mortgage. This process is repeated until the mortgage is completely paid out.

The borrower does not necessarily have to wait for the maturity date of the mortgage. Sometimes, the mortgage lender offers a mortgage that is too good to pass. When mortgage lender offers a very good mortgage, the borrower can refinance the mortgage.
If the new mortgage can reduce the life of the mortgage, and reduce the mortgage payment on pay period, it is advantageous for the borrower to refinance the mortgage.

What are the costs involve in mortgage refinancing?

The borrower may have to pay the penalty to refinance a mortgage before the mortgage reaches the end of the mortgage term. Since the mortgage lender loses the interest to be paid to them, the mortgage lender charges penalty. However, a low interest rate on the new mortgage may offset the penalty.

The borrower can pay for the discount points as well. It is the amount to bring down the monthly mortgage payment, or any mortgage payment. Each discount points means one percent.

The borrower also pays the application fee, title search fee, and appraisal fee every mortgage refinancing. Mortgage lender charges a fee to process the mortgage application called application fee. Mortgage lender also needs who the real owner of the property. Hence, the borrower pays the title search fee. Lastly, the appraisal fee tells the fair market value. The mortgage lender needs to find out if the value of the property can pay off the mortgage in case of default on mortgage payment.

 

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