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Tips for a Successful Settlement Plan
- August 31, 2021
- Posted by: Sarbavoum Bidhar
- Categories: Debt settlement programs, Financial Services, home loan repay, Loan restructuring program, Mortgage Debt Management
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5 Ways to Better Manage Home Loan EMIs
- April 5, 2021
- Posted by: Minhaj Mehmood
- Categories: Financial Services, home loan repay, Mortgage Debt Management
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Tips to Make Mortgage Debt Management Easier
- February 9, 2021
- Posted by: Jaya R
- Categories: Financial Services, Mortgage Debt Management
The debt trap is a reality. It was evident in a recent Standard Chartered survey published in UAE’s leading newspaper in December 2020. [MK1] In the survey, millennials (aged 25-44) were asked what they would do if the government gave them Dh 5,000 without any obligations. An overwhelming 45% of respondents said they would use the money to pay off debt or cover living expenses. Nearly 34% of the millennials said their borrowings have increased over the past month.
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Debt Effects-Making Sense of Cents- Loan restructuring program
- December 28, 2020
- Posted by: Jaya R
- Categories: Financial Services, home loan repay, Loan restructuring program, Mortgage Debt Management
Let’s face it – with the rising inflation and cost of living, it’s not unusual to find oneself in a debt trap. Unforeseen circumstances like a salary cuts, job loss, delayed receivables, can make it even more challenging for borrowers to manage their big-ticket debts such as a Home Loan. According to a survey, three out of every five UAE residents are debt laden.
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Unpaid Mortgage Debt can be strenuous but can be managed. Here’s how
- July 12, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
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 been greatly impacted. Despite the temporary reprieve offered by the UAE government, the long-term impact of dealing with Mortgage Debts have begun to weigh on many. In this situation, some homeowners may want to move out of the UAE altogether to escape their mortgage commitments, but the ramifications can be immense.
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Mortgage Debt Management can circumvent banks from freezing end-of-service benefits
- June 28, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
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 the help of a successful Mortgage Debt Management service.
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How Mortgage Debt Management Works in the UAE
- June 19, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
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 alternate options in sight, many have decided to return to the home country to sit out their economic troubles.
So what happens if you have no other option but to leave the country with a Mortgage in the UAE? And what are the different solutions that will help you resolve the debt without any legal implications? -
Eligibility criteria for Mortgage Debt Management in the UAE
- June 1, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Countries across the globe are facing economic ramifications due to the current COVID19 (Novel Coronavirus) outbreak. Even with well-measured steps by the government to contain the economic breakdown, in the long run, the fear of salary cut and job loss can be an important factor for individuals with Mortgage Debts. During such a crisis, many borrowers might be tempted to relocate or go back to their country to avoid repaying Mortgage Debt. Let us tell you that no matter how attractive it may sound, fleeing the country isn’t the right option.
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5-step process to restructure Mortgage Debt in the UAE
- May 26, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Unforeseen circumstances can completely derail your financial plans and even affect your ability to repay Mortgage payments on time. As time passes, this Mortgage with its interests and penalties can turn into a monstrous sum. One of the best things to do in these situations is not to run and hide. It’s otherwise, you need to go ahead and ask your bank for a Debt Restructuring.
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Registered for Repatriation with a Mortgage in UAE? Here’s what can be done
- May 13, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
The economic crisis due to the COVID19 pandemic has resulted in many Job losses. salary cuts & business income loss. With no alternate options in sight, many have decided to return to the home country to sit out their economic troubles.
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