[vc_row css=”.vc_custom_1452687555475{margin-bottom: 100px !important;}”][vc_column offset=”vc_col-lg-9 vc_col-md-9″ css=”.vc_custom_1452702342137{padding-right: 45px !important;}”][vc_custom_heading source=”post_title” use_theme_fonts=”yes” el_class=”no_stripe”][stm_post_details][vc_column_text css=”.vc_custom_1591024695497{margin-bottom: 20px !important;}”]Unpaid Mortgage Debt can pile up into a huge sum, impact your credit rating and even hamper your ability to avail any loans in the future. This is where Mortgage Debt Management is useful to get an analysis of your financial situation and come up with a customised repayment option.[/vc_column_text][vc_custom_heading text=”How to approach an expert?” use_theme_fonts=”yes”][vc_column_text css=”.vc_custom_1591024732484{margin-bottom: 20px !important;}”]In case you are looking to approach an expert to represent you for Mortgage Debt Management, you need to gather all your financial details including current loans, personal expenses, income statement, etc. A good credit rating in the past can be beneficial to get a favourable restructuring or settlement plan.[/vc_column_text][vc_custom_heading text=”Who can apply?” use_theme_fonts=”yes”][vc_column_text css=”.vc_custom_1591024771071{margin-bottom: 20px !important;}”]If you fall under one of the following categories, you are eligible for Mortgage Debt Management.[/vc_column_text][vc_custom_heading text=”1. How does Debt Settlement work?” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_column_text css=”.vc_custom_1591024871216{margin-bottom: 20px !important;}”]Borrowers who are facing salary reduction or financial Debt Burden Ratio higher than 50% are eligible for getting a Mortgage Debt Management service. In such situations, the expert will analyse the original loan terms, your current financial situation and after an in-depth analysis will customise repayment options such as re-ageing or restructuring plan. A restructuring plan will help you extend the date of repayment, reduce the interest rates, get a payment holiday or create a step-up plan so that you can continue to make your repayments without default.[/vc_column_text][vc_custom_heading text=”2. Leaving the UAE due to a job loss or business loss?” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_column_text css=”.vc_custom_1591024946170{margin-bottom: 20px !important;}”]If you plan to leave the country due to job loss or business loss, especially during the COVID19 pandemic, you might require settling your Mortgage before leaving the country. Mortgage Debt Management experts can analyse the market value of your property, find a suitable buyer and negotiate the best possible settlement with the bank even after you have left the country. The settlement plans will include solutions such as reduced repayment sum, flexible payment on shortfall – single or multiple, at a lower rate of interest.
Another benefit of having a Mortgage Debt Management expert by your side is that it will help you reach an amicable solution with the bank without using the legal route.[/vc_column_text][vc_custom_heading text=”3. Investment in Delayed Projects” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_column_text css=”.vc_custom_1591024995906{margin-bottom: 20px !important;}”]If you are making interest-only payments on Mortgage for an under-construction property that is delayed infinitely or cancelled, you can seek a Mortgage Debt Management expert to help you with the foreclosure of the loan. The negotiations will involve getting an update of the project status from the developer and work out options like partial refund or swap. The expert will also negotiate with the banks to get you an ideal settlement plan to foreclose the loan.[/vc_column_text][vc_custom_heading text=”How can we help?” use_theme_fonts=”yes”][vc_column_text css=”.vc_custom_1591025445030{margin-bottom: 20px !important;}”]FREED Financial Services is an exclusive Mortgage Debt Management company that helps borrowers receive favourable Debt Restructuring or Settlement options from the bank. We represent you at every stage so you don’t have to worry about missing a step. We will:[/vc_column_text][vc_row_inner][vc_column_inner width=”1/2″][stm_icon_box box_style=”style_4″ alignment=”center” icon=”fa fa-handshake-o” icon_size=”40″]Evaluate your financial situation and the Debt Burden Ratio (DRB)[/stm_icon_box][/vc_column_inner][vc_column_inner width=”1/2″][stm_icon_box box_style=”style_4″ alignment=”center” icon=”stm-suitcase-2″ icon_size=”40″]Come up with a Mortgage Debt Restructuring or Settlement plan[/stm_icon_box][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″][stm_icon_box box_style=”style_4″ alignment=”center” icon=”fa fa-university” icon_size=”40″]Represent you at the bank to negotiate a favourable deal[/stm_icon_box][/vc_column_inner][vc_column_inner width=”1/2″][stm_icon_box box_style=”style_4″ alignment=”center” icon=”stm-lisbon-like” icon_size=”40″]Finalise the paperwork for receiving a viable Debt restructuring or settlement option[/stm_icon_box][/vc_column_inner][/vc_row_inner][vc_column_text css=”.vc_custom_1591025110669{margin-bottom: 20px !important;padding-top: 40px !important;}”]
If you fall under one of the above categories, send us your details at info@freeduae.com and get a free consultation call to know your options for Mortgage Debt
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