According to a survey, 47% of the UAE’s population is laden by Debt. One of the biggest contributors to individual debt is Home Loan. Most people equate rental expenses with the monthly loan payment a...
Unpaid Mortgages can be daunting. They will haunt you until you work out a solution. And in most cases, they may still follow you around in the form of damaged credit scores that creditors will use ag...
The economic activity has been stalled globally due to the unforeseen circumstances caused by the COVID-19 pandemic. The magnitude of such a devastating impact can easily derail the financial plans as...
The COVID-19 pandemic has thrown us into another global financial crisis. Many people in the UAE have lost their jobs, have had pay cuts, or suffered immeasurable losses. Those who had taken out a mor...
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=”The crisis at large” use_theme_fonts=”yes”][/vc_column_inner][/vc_row_inner][vc_column_text]Issuance of incalculable numbers ...
Given the economic impact of the novel coronavirus pandemic, many investors are worried. Their main area of concern is how to go about making their mortgage payments, especially if they’ve been laid o...
If you are applying for home financing in the UAE, banks perform a Mortgage Stress Test on your application. But, as the term implies, it is not really a test. Instead, they are sets of rules that len...
No one could have forecast the shock, impact and speed of the economic crisis that followed the pandemic. But with scores of borrowers having to experience loss in income, repaying their Mortgages has...
Banks have the right to seize the end-of-service benefits for Mortgage customers if they doubt repayment capability and the Loan to value exceeds the threshold. Here’s how it can be circumvented with ...
Over thousands of residents have registered to be repatriated from the UAE due to the COVID19 crisis. The economic crisis has resulted in many Job losses. salary cuts & business income loss. With no a...