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MORTGAGE LOAN IN UAE

Aura Vision Advisors stands as a prominent finance advisory firm (mortgage broker) in Dubai, facilitating seamless access to the best mortgage loans in the region. Our seasoned professionals are dedicated to simplifying the complex process of obtaining a mortgage, ensuring a hassle-free experience for our clients.

Key Services Offered by Aura Vision Advisors:

Expert Mortgage Guidance: Our qualified and experienced mortgage brokers at Aura Vision Advisors provide expert guidance tailored to your specific needs and goals, ensuring an efficient and effective mortgage solution.

Lender Comparison: We conduct a comprehensive comparison of mortgage processing fees, interest rates, and terms from top lenders, ensuring that you receive the most favorable terms available in the market.

Negotiation Support: Aura Vision Advisors negotiates on your behalf, securing favorable processing fees and interest rates to enhance the overall affordability of your mortgage.

Document Preparation Assistance: We guide you through the preparation of all required documents, including assistance with application forms, simplifying the paperwork process.

Network of Financiers and Bankers: As a professional firm, Aura Vision Advisors has cultivated strong relationships with a vast network of financiers and bankers. Our professionals are well-versed in new loan promotions and products, providing clients with up-to-date and valuable information.

Awareness of Mortgage Loan Programs: Our team possesses in-depth knowledge of various mortgage loan programs, allowing us to offer clients informed advice on the most suitable course of action.

Understanding Mortgages in Dubai with Aura Vision Advisors:

Mortgage Definition: In Dubai, a mortgage, also known as a Mortgage Loan, is a financial arrangement wherein a bank or financial institution provides funds to individuals (borrowers) to purchase a property. The property itself serves as collateral for the loan.

Legal Requirements in Dubai: Mortgage loans in Dubai are sourced through banks and must be registered with the Dubai Land Department to be legally valid. Borrowers can either approach their banks directly or enlist the services of brokers to assist in securing a mortgage loan.

Selecting the Right Mortgage: Different types of mortgages are available in Dubai, falling primarily into categories of variable and fixed-rate mortgage loans. Considerations such as interest rates, payment terms, and flexibility must be weighed when choosing the most suitable mortgage.

Pre-Approval Process: Obtaining pre-approval for a mortgage is a crucial step in the application process. This official document from the bank serves as proof of eligibility, indicating the maximum borrowing limit and providing confidence in securing a mortgage.

Finalizing Property Purchase: Once the right property is identified, clients can contact their bank to finalize the loan contract. Property valuation is conducted by a bank-appointed evaluator, facilitating negotiation and finalizing the transaction details.

Types of Mortgage Loans in Dubai:

Fixed-rate Mortgage: Interest rates are predetermined before the loan term begins and remain unchanged for an agreed duration.

Variable Rate Mortgage: Interest rates can fluctuate during the pay-off period based on market conditions.

Discounted Rate Mortgage: Involves a discounted interest rate for a specific duration before reverting to the lender’s base variable rate.

Capped Mortgage: Sets a maximum cap on interest rates for a limited period, providing a degree of protection against market fluctuations.

Offset Mortgage: Connects a traditional mortgage with deposit accounts, allowing borrowers to offset interest payments with funds in linked accounts.

Eligibility Criteria for Mortgage Loan in Dubai:

  • Residency in a country listed by the bank.
  • Salaried or self-employed status.
  • Minimum monthly income as defined by the bank.
  • Documents Required for Mortgage Loan in Dubai:
  • Valid passport for identity proof.
  • Bank statements for the past six months.
  • Tax payment returns (if applicable).
  • Credit report (if available).
  • Salary certificate and payment slips.
  • For self-employed individuals: certificate of incorporation, business license, audited statements, and business profiles.

Aura Vision Advisors not only guides clients through the mortgage process but also aids in completing the necessary documentation for a mortgage loan in Dubai. For further details and assistance, individuals can consult with Aura Vision Advisors, a reliable partner committed to understanding client requirements and providing the best possible services within budget constraints.

What Makes a Mortgage Best According to AURA Vision Advisors:

High Loan-to-Value Ratio (LTV): A favourable mortgage, according to AURA Vision Advisors, features a high Loan-to-Value ratio, maximizing the amount you can borrow.

Low Early Repayment Charges (ERC): Options for early repayment charges at minimal service costs contribute to the attractiveness of a mortgage.

Re-mortgage Flexibility: The ability to choose another bank, providing re-mortgage facilities, adds flexibility to the mortgage terms.

Fixed-Rate Mortgage Options: AURA Vision Advisors views mortgages with fixed-rate options positively for their stability and predictability.

Contact AURA Vision Advisors today for a complimentary assessment of your eligibility for pre-approved mortgage loans in Dubai, and let us help you plan for your future.