Mortgages for First Time property buyers
Mortgages for First Time property buyers
- Mortgage for Buying Residential Property Test
- Mortgages for First Time property buyers
- Mortgage for Buying Commercial Property
- Transfer Existing Mortgage/Equity Release to another bank/ financial institution
- Cash Finance at Low Rates against Existing Property
- Mortgages for Non UAE Residents
- Mortgage against Under Construction project
- Project Finance
Mortgages for First Time property buyers
Taking that first step can be exciting, while still being fairly besieged by doubts, uncertainties and a need for professional guidance. At 4C, we recognize that a complex choice like mortgage finance can be really simplified if you have the right advisor on your side. An advisor truly committed to your priorities will present your case to the Bank and steer your engagement so that you are able to achieve the best outcome. We will help you maximize a complex decision that is linked to a long-term commitment to a bank or financial institution.
At 4C, we take you through several different possible scenarios that help you to make an educated mortgage finance decision. This also enables our experts to pinpoint the ideal mortgage finance plan that will best serve your interest. We do this while ensuring complete transparency in the entire process so that your choice will be easy for you to abide by and your financial commitment will not unduly overstretch your budgets or compromise your lifestyle.
Added to that, we educate you on the basic mortgage terminology so that you understand your mortgage contracts better. Our advisors are competent and friendly to set your mind at ease with respect to any apprehensions that you may have about mortgages.
- Instant Business Growth
- Increased Revenue
- Enhanced Customer Engagement
- Streamlined Operations
- Improved Productivity
Where Can I Get Some?
-
What are the costs associated with property purchase in Dubai ?
- The following are indicative costs associated with property purchase.
- Real Estate Broker Commission - 2% of property purchase price (indicative).
- Land Department Transfer Charge - 4% of property purchase price
- Land Department Mortgage Registration - 0.25% of the Finance Value
- Developer NOC Cost - varies from Developer to Developer
- Banks Processing Fee - 1% of Finance Value (varies from bank to bank)
- Property Valuation Fee - AED 3,000 (varies from bank to bank)
- Life Insurance Cost - To be indicated by the insurance provider
- Property Insurance - To be indicated by the insurance provider
- The following are indicative costs associated with property purchase.
-
How much fee do you charge for your service?
- Mortgage Finance is a high value, long term financial decision and we understand that you will be incurring more than 7% of the property purchase price as transaction costs. Hence, we have priced our services nominally so we create a win - win situation. This keeps our team members motivated to provide the right service quality. We also run promotions from time to time, so we request you to please call and check for the latest offers. Given our hands on experience from within Mortgage Banking Industry, we do bring in a lot of value by helping you take an informed long-term financial decision.
-
What happens when the property evaluation is lower than our property purchase price?
- We recommend you negotiate better when finalising the property and ask your broker to advise you on the recently traded prices of similar properties in your neighbourhood. In certain cases, you may even need to arrange extra cash to compensate for the shortfall in the property evaluation.