A Mortgage is often the biggest financial commitment for many of us. Our Mortgage Managers are here, ready to help you get the best product and keep you on track. Some of the well known mortgage products in the UAE market include:
With over 40 lenders to choose in UAE market and over 350 products, finding that best mortgage is always a challenging task. To save both money and time, you need to get the right advice to ensure you are getting the best possible mortgage facility. Heading to your bank will give you very few options or worst case, only one option that they have available. Our impartial and independent service identify products that are best suited to your needs.
It is also important to know that every lender in the mortgage market will offer different rates, which will have both fees and penalties. Signing a contract with a mortgage lender that does not fit your requirements can cost you hundreds of thousands of dirhams over the term of mortgage.
Have interest rates fallen? Or do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of mortgage?
The answers to these questions will influence your decision to refinance your mortgage. But before deciding, you need to understand all that refinancing involves. Your home may be your most valuable financial asset, so you want to be careful when choosing a lender or broker and specific mortgage terms. Remember that, along with the potential benefits to refinancing, there are also costs.
When you refinance, you pay off your existing mortgage and create a new one. You may even decide to combine both a primary mortgage and a second mortgage into a new loan. Refinancing may remind you of what you went through in obtaining your original mortgage, since you may encounter many of the same procedures–and the same types of costs–the second time around.
Why consider refinancing?
- Lowering your interest rate
- Adjusting the length of your mortgage
- Changing from an adjustable-rate mortgage to a fixed-rate mortgage
- Adjusting the length of your mortgage
- Releasing equity built up in your property
Equity release Mortgage
Should you wish to use equity release as a method of releasing funds in a property, we can assist you raise the necessary finance by finding you a suitable Equity release mortgage.
A mortgage for off-plan property has multiple advantages over other types of real estate. It allows investors to buy the property at the earliest and lowest possible price, while at the same time leveraging their investment to potentially achieve maximum returns.
Searching for a lender who will finance your off plan property can be a time consuming activity as not all lenders touch off plan projects.
At MortgageMe we can source commercial finance for offices, retail units, commercial premises, Warehouses in the UAE securing competitive rates available.
Commercial, like residential mortgages, is tied to a property title. Only difference is that property should be commercial in nature. Checking with all the lenders in market for commercial mortgage can be a daunting task as only a handful of lender will finance a commercial property.
MeGroup’s Additional Services:
Life Insurance – InsureMe
It is mandatory for every Mortgage lender in the UAE to ensure that the Mortgagee is protected via life insurance. Not only are there a large range of mortgage products, but a similarly large number of insurance products are available on the market. Using our InsureMe service, we can get the best possible policy for your needs so that you and your family are sufficiently protected in a cost effective manner.
Foreign Exchange –FxMe
In the UAE , banks finance upto a maximum of 80 % of the value of the property, which implies that the mortgagee is responsible for securing the remaining towards capital down payment. Mortgagees whose funds are located overseas suffer from losses due to high margins on the interbank exchange rates.
Through our boutique foreign exchange service FXme, offers clients a free service enabling them to pull or push funds worldwide through a secured and authorized network, at minimal margins and highly competitive foreign exchange rates. More value for your money.
Will writing –WillsMe
Asset protection is highly crucial during property investment. Under Sharia’h laws one must pay close attention to matters of forced heir-ship in event of the unfortunate demise of the primary owner. One can protect themselves from this by creating a locally attested will. WillsMe offers trustworthy and reliable legal services to his effect.