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Because your friend is a client of Money Matters, you must have realized how seamless and hassle-free the process of getting a mortgage loan is from us. Talking about getting better rates, you certainly can. While you can choose from fixed rates or variable rate options, the rates are uniform for each segment. However, the LTV (Loan to value) may differ depending upon your profile

Banks offer mortgage loans to UAE residents – nationals and expatriates. Certain banks in UAE also offer loans to non-residents, albeit with different terms and conditions.

Yes, certain banks in the UAE offer mortgages to non-residents. However, terms will differ for non-residents – they may have to pay a higher down-payment and rates are also usually high

The maximum tenure of a mortgage is 25 years. This may be less depending on your age.

The minimum age requirement is 21 years. The maximum age for salaried and Self-Employed is 65 years and 70 years respectively, at the time of maturity of the mortgage. This depends on the borrower being a UAE national or expatriate and salaried or self-employed.

The down payment requirement is regulated by the Central Bank. For completed properties, it ranges between 20% to 40% of the property value. For under-construction properties, a 50% down payment is required.

It is difficult to navigate the mortgage market individually and deal with different kinds of lenders. Working with a mortgage broker, you are relieved of all the hassles and heavy lifting, while the mortgage broker analyses the best products for you owing to their long-term relationships with different lenders in the market.

We, at Money Matters, work by your side, saving you precious time and energy in ascertaining the best-suited mortgage plan. We handhold you through the entire journey and take care of all the requirements till the transfer is completed

If you are a salaried individual, you will need – KYC (PP, Visa, EID) documents, 6 months bank statements, and a salary certificate.

If you are a self-employed individual, you will need – KYC (PP, Visa, EID) documents, 6 months bank statements (personal and business), and a copy of your Trade License.