Mortgage for Buying Residential Property Test
Mortgage for Buying Residential Property Test sub title
- 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
Mortgage for Buying Residential Property Test
In the UAE, more than 20 banks and financial institutions offer a variety of mortgage products. Each of these banks targets a specific customer segment and formulates mortgage products that are aimed particularly at that segment, with the best product and pricing offer to appeal to that specific audience. Given that huge spectrum of mortgage options to choose from, finding the right product and best pricing is a daunting task. So, how do you pick what is perfect for you?
At 4C, our experts liaise closely with an extensive network of banks. That puts us in the perfect position to assist you much better in choosing the mortgage product that is ideal for you. Being well versed and well experienced with UAE banking practices and processes, we are confident that we can help to pilot your transaction from beginning to end in stress free and hassle free manner.
- 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.