1903 - Metropolis Tower, Business Bay, Dubai
+971 4 388 7440
info@amitymortgages.com
A residential mortgage is a type of personal agreement between the borrower and the lender under which the lender agrees to lend a certain amount to a borrower for purchasing residential property, such as a house, condo, or apartment for personal living or investment. The borrower agrees to the statement that he/she will repay the loan in a specific period, upto 25 years. The residential mortgage, hence, depends on the choice of the lender and the eligibility of the borrower. There are some lenders that give an option to increase or decrease the term due to the current financial situation and ability of the borrower to repay.
Residential mortgage terms may differ from one lender to another and based on the financial condition of the applicant. There are some basic ones that are usually included, which are:
It is usually for 25 years, although there could be an option for a shorter or longer tenure based upon the needs of the applicant.
Fixed or variable interest rates can be applied in this case, determining how much one has to pay in terms of interest over the life of the loan.
A percentage of the buy price of the property, paid up front. The most common down payment is 20%.
It is usually for 25 years, although there could be an option for a shorter or longer tenure based upon the needs of the applicant.
Fixed or variable interest rates can be applied in this case, determining how much one has to pay in terms of interest over the life of the loan.
Our specialists are ready to provide an analysis of both the market as a whole and its individual components (competitors, consumers, product, etc.), using practical methods and starting from your research goals.
Our interest rates are among the most competitive in the market, so you are assured that your monthly payments will always be very affordable and within your budget. We provide transparent pricing that means no hidden fees or surprises.
Experienced mortgage advisors will walk you through the process from application to close, giving personalized service to make sure you find the best mortgage solution that suits your needs. We personalize our strategy to meet your particular financial goals.
We offer flexible mortgage terms that fit your financial needs. Looking to pay more quickly with a shorter term or to keep your monthly payments low with a longer term? We have a number of options that can help you choose the best for your lifestyle.
Our streamlined application and approval procedure provides swift responses, allowing you to secure your mortgage and move into your new home with minimal delay. We prioritize speed without compromising quality.
We will start with an inclusive consultation in which we will discuss your goals and any financial needs. This information is quite important as this will enable us to recommend the best mortgage options for you.
Get pre-approved for a mortgage so you can know your budget before house hunting. This will put you at a competitive edge in the market.
Our application process is also easy, hassle-free, and straightforward. You only need to provide the documents and let all the rest be done through us.
Once approved, we will assist you through the closing process, ensuring that all documentation is completed safely and effectively.
Our relationship doesn’t end at closing. We’re here for you, and we’ll help you with any questions or needs throughout the life of your mortgage.
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