Getting a mortgage in Dubai can be a complex process, but with the right help, the process can be made more straight-forward.
Some factors that may affect your ability to get a mortgage in Dubai include:
Income: You will need to demonstrate that you have a stable and sufficient income to cover the mortgage payments. Lenders will usually require proof of income, such as payslips or bank statements.
Employment status: Lenders prefer borrowers who have a stable job and have been employed for a certain period of time. If you are self-employed or have a short job history, it may be more difficult to get a mortgage.
Credit history: Your credit history plays a significant role in your ability to get a mortgage. Lenders will look at your credit score and credit history to determine if you are a high-risk borrower.
Property type: Some lenders may be more cautious about financing certain types of properties, such as those that are under construction or those that are located in areas with high levels of supply.
Contact fäm Propertiestoday to get started with your mortgage journey, and let us help you every step of the way.
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