Tips on finding the right mortgage products and rates

When you are looking for a mortgage in UAE, most of the people are looking for the Lowest Mortgage interest rate and best market deals. Here are some tips to find the best and right home loans.

The Marketing surrounding the mortgages in UAE, mostly concentrated on the Interest rate and the new products available in the Market. Lenders and the Bankers are announcing their lowest interest rate, and the additional extras they might be offering with a certain product. For most people, your monthly repayments will be one of your major outgoing part of the income. So, it’s vital when you are going to take a Mortgages and you have to look beyond it.

The following guide will help you to get the best mortgages in Abu Dhabi and also the products. Then, you can simply decide which one is most suitable for your circumstances.

Go for Shopping :

As the most important purchase in your life, it’s a good idea to do some market research and get some idea on the market and products, who is offering the best deals etc. For Example, if we are looking for an airline ticket, we will go through the airline websites and the agencies to find the better and cheap rate.

This is no different from the Mortgage also. There are more than 20 banks in Abu Dhabi and UAE. All the banks is having different criteria’s and policies to on which they access applicants. It may vary depends on who they lend to and the rates they offer. It’s much essential that you can enquire with the banks about the rates they are offering.

The first step for most of people when looking into a financial support, they will approach the current bank. This is completely understandable and easy to go through it.  Consulting your current bank will help you identify the products they are offering and the difference between the other lenders.

Some Clients are inclined to proceed with the current bank. Because it is so easy and fast processing. And that’s the simplest and quick option. May their bank will offer the better rates. However, before committing, go and research the market and the products available in the market. These may better suited to you and variety of reasons.

When you are looking for mortgage, the interest rates are not the most important aspect. There are many factors which need to be taken into consideration. Always, speak to the advisor of the bank. And, learn about the pros and cons of their product and services. For example, are there any cost, what’s the duration of the Loan, Is a salary is necessary etc

Ask the difficult questions :

When speaking to the Advisors in the bank, you need to keep in mind that you may not always given a straightforward answer. This isn’t on the grounds that they need to deceive you, but since they invest all their energy taking a gander at these items so there might be sure perspectives which are evident to them yet not really in every case clear to you from the outset.

It can be worthwhile requesting for copy of terms and conditions. So you can read and understand all things before proceeding. Once, you have taken a look through the terms & conditions, then don not be afraid about the doubts and unfair conditions.

Take your time :

While it may be simpler to go with the primary bank you address, it important that you should take time to enquire & search the current market, products & rates etc. You can then access the best Home loans that meets your requirements within short term and your objectives in a long term.

It’s seems like a never ending task for you. You have to sit and compare each and very things like rate, loan duration etc. However, we Dar Al Tamleek will take care of you and investigate all options that are available for you and that meets your requirements.

We are here to help you :

If you have the time and capacity to search the market for the right and best mortgage, it is advisable to engage with the best Mortgage brokers in Abu Dhabi . As the banks are changing the products in each months.

Our team of experienced consultants will understand your needs and circumstances. And, search for the best offers that meets your needs. We find the right mortgage for you. We are enrolled with all banks in UAE and aware with the special products offered by them.

Get free advice and better mortgage Solutions from Dar Al Tamleek. Visit us: