Mira Mortgage, Dubai Hills Estate, Park Heights Square 1/6 floor/, Dubai (2026)

Q: What is the address?

Dubai Hills Estate, Park Heights Square 1/6 Floor/

29/04/2024

Whichever bank you choose for the mortgage, you will need to confirm your income. These may be different documents, depending on the source of your income. Here are the examples:

• Employees will need to request an 𝙞𝙣𝙘𝙤𝙢𝙚 𝙨𝙩𝙖𝙩𝙚𝙢𝙚𝙣𝙩 𝙖𝙣𝙙 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙞𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 from their employer's accounting department
• Business owners and the self-employed must provide 𝙖𝙪𝙙𝙞𝙩 𝙧𝙚𝙨𝙪𝙡𝙩𝙨 𝙖𝙣𝙙 𝙖 𝙥𝙧𝙤𝙛𝙞𝙩 𝙖𝙣𝙙 𝙡𝙤𝙨𝙨 𝙨𝙩𝙖𝙩𝙚𝙢𝙚𝙣𝙩 for the 𝙡𝙖𝙨𝙩 𝙩𝙬𝙤 𝙮𝙚𝙖𝙧𝙨. In this case, the bank may request other documents, for example, a 𝙩𝙧𝙖𝙙𝙚 𝙡𝙞𝙘𝙚𝙣𝙨𝙚 𝙤𝙧 𝙖 𝙑𝘼𝙏 𝙘𝙚𝙧𝙩𝙞𝙛𝙞𝙘𝙖𝙩𝙚.

It is also worth specifying other sources of income: rental income, dividends, royalties, and others. Be ready to confirm 𝙩𝙝𝙚 𝙡𝙚𝙜𝙖𝙡𝙞𝙩𝙮 𝙤𝙛 𝙖𝙣𝙮 𝙞𝙣𝙘𝙤𝙢𝙚.

It is worth considering, that mortgage payments should 𝙣𝙤𝙩 𝙚𝙭𝙘𝙚𝙚𝙙 𝙝𝙖𝙡𝙛 𝙤𝙛 𝙮𝙤𝙪𝙧 𝙞𝙣𝙘𝙤𝙢𝙚, and after paying the monthly payment, you should have at least 3,500 dirhams per family member.

📩 [email protected]
📞 +971 52 194 1443
🔗 Click the link in bio

09/04/2024

Before approving a mortgage loan, banks must check the client’s solvency. If you plan to apply for a mortgage at a bank where you already have an account, then this check will take place much faster, since the bank already knows your credit history and financial capabilities.

For this check, the bank will request the following documents:
— Mortgage application
— A bank statement for the last six months to confirm your income
— Passport and EmiratesID
— Availability of funds for the first payment (account statement with the required amount)
— Utility bills

This is just a general list of documents that will need to be provided, but each bank has its own requirements for documents, so check with your manager for the exact list.

📩 [email protected]
📞 +971 52 194 1443
🔗 Click the link in bio

08/04/2024

Choosing a bank for a mortgage is a responsible decision — уou will have to cooperate with this institution for years, and therefore, your bank must be reliable and loyal in terms of conditions.

If you already have an open bank account, it’s still worth checking the offers of other banks. But you should remember that not all of them provide mortgages to foreigners. We have selected several banks for you that not only readily provide mortgage loans to foreigners, but also have very pleasant rates:

Mashreq is the oldest UAE bank with branches in the USA and Europe. To take out a mortgage with this bank, you must confirm an income of at least 15,000 dirhams ($4,000). The minimum rate here is 2.39%.

Emirates NBD — this bank readily provides mortgage loans to expats and offers a rate starting from 2.49%.

HSBC — a branch of this world-famous bank is located in the UAE, and here the probability of approving a mortgage loan to a foreigner is higher. The minimum wage requirement is 15,000 dirhams, and the minimum rate starts at 2.49%.

Of course, you should not ignore the bank where you already have an account: your manager can offer a good loan program so that you remain only their client.

07/04/2024

Buyinga a home is a significant milestone and a complex process that requires careful consideration. Whether you’re a first-time buyer or looking for your forever home, it’s essential to approach the process strategically. Here are five key tips to help guide you through the home buying journey:

1. Set a Budget: Determine your financial limits, including mortgage payments, taxes, and maintenance costs.

2. Choose the Right Location: Research neighborhoods for safety, amenities, and future value potential.

3. Get Pre-approved: Obtain mortgage pre-approval to show sellers you’re serious and ready to buy.

4. Don’t Skip Inspection: Hire a qualified inspector to uncover potential issues before closing the deal.

5. Think Long-Term: Consider how the home will suit your needs and hold its value over time.

06/04/2024

What are advantages of having your own house?

The United Arab Emirates is currently one of the most favorable places to live and have a successful career. That is why for many people buying a house in the UAE is a really important decision.

What are the key advantages of buying a house in the UAE?
1. The UAE is the safest and most peaceful country in the world
2. In the UAE, you can enjoy the sea and the sun all year round
3. There is no value added tax and personal income tax, as well as real estate tax in some regions
4. Buying a property will allow you to obtain a residence status
5. World-class infrastructure and amenities
6. The real estate market consistently demonstrates stability and growth
7. In the UAE, it is easy enough to get a mortgage even for foreign citizens

And this is not all the advantages of buying real estate in the UAE. One more — Mira Mortgage will take care of all the worries of buying your dream home!

📩 [email protected]
📞 +971 52 194 1443
🔗 Click the link in bio

05/04/2024

What is Equity Release Service?

When you borrow a sum of money from a lender and mortgage your property as collateral, this process is called an Equity Release, also known as a stock issue. This is a great way to unlock money from the value of your property, and expats can also use this service.

Equity Release Service has a number of significant advantages, including:
1. Expats living in the UAE can borrow up to 75% of the value of their home
2. The capital you release is also tax-free
3. The issue of shares allows you to borrow more money at a reduced interest rate
4. Money can be used for any purpose
5. When issuing shares or a loan secured by real estate, you will retain full ownership of your home

Although the Equity Release Service can solve many problems, it is important to understand that this is a long-term financial commitment that requires a balanced decision. Mira Mortgage consultants will help you figure out this difficult question!

04/04/2024

What is a fixed-rate mortgage?
A fixed-rate mortgage is when the interest rate does not change for the entire term of the loan. Such a scheme is the most common loan option.

For example, if you have a mortgage in the amount of 1,000,000 dirhams with a fixed rate of 4%, the interest rate is set at 40,000 dirhams per year. And until the end of the mortgage term, the interest for the year will be equal to 40,000 dirhams. This is the easiest way to understand a fixed rate.

Not all banks approve a fixed rate for the entire term of the loan. In some cases, lenders set such a rate for a certain period — usually up to 5 years, after which a “floating” interest rate begins to apply, the amount of which will be determined in accordance with the proposed rate of Emirates InterBank (Eibor).

What are the advantages of a mortgage with a fixed interest rate?
— You are protected from rate increases
— You can easily plan monthly mortgage payments and budget more efficiently
— This is a good option for those who have short-term mortgages. You won’t have to pay a higher return rate for too long after the end of the fixed period

We help our clients to get a mortgage with a 98.6% approval rate. We are waiting for you for a free consultation!

📩 [email protected]
📞 +971 52 194 1443
🔗 Click the link in bio

03/04/2024

What is secondary property?
Secondary real estate is a ready-made object put up for sale. Buying such an object has its pros and cons — it is impossible to get benefits or discounts here, as in the case of primary real estate. But its cost may also be significantly lower than in primary real estate.

What do you need to know before applying for a mortgage?
1. Interest rate. For residents, the interest rate starts from 4.5% to 6.5%, and for non-residents, an interest rate of 6% to 8% is offered
2. The size of the loan. The maximum loan amount for UAE residents is 80%, and for non-residents — 50%
3. The loan term. The maximum mortgage term is set at 25 years

Mira Mortgage will help you understand the intricacies of mortgage lending — together we will choose the best option for you!
6w

02/04/2024

What is primary property?
This is a property that no one has owned yet, so its purchase takes place directly from the developer. Prices for primary real estate are usually higher than for secondary real estate, this is due to the fact that new real estate usually have modern infrastructure and are built using new technologies.

What do you need to know before applying for a mortgage?
1. Interest rate. For residents, the interest rate starts from 4.5% to 6.5%, and for non-residents, an interest rate of 6% to 8% is offered
2. The size of the loan. The maximum loan amount for UAE residents is 80%, and for non-residents — 50%
3. The loan term. The maximum mortgage term is set at 25 years

Mira Mortgage will help you understand the intricacies of mortgage lending — together we will choose the best option for you!

📩 [email protected]
📞 +971 52 194 1443
🔗 Click the link in bio

01/04/2024

A buyout refinance, also called cash-out refinance, involves refinancing a mortgage for more than what’s owed. The excess cash received can be used for various purposes. Here’s how it works:

1. Assess property value to determine equity.
2. Apply for refinancing, considering creditworthiness.
3. Appraise property to establish maximum loan amount.
4. Approve loan terms including interest rate and fees.
5. Close the loan, replacing the existing mortgage.
6. Receive excess cash after deducting closing costs.

It’s important to consider the potential benefits and risks of a buyout refinance. While it can provide access to funds for various purposes, it also increases the total amount owed on the property and may result in higher monthly mortgage payments.

📩 [email protected]
📞 +971 52 194 1443
🔗 Click the link in bio

30/03/2024

What is refinancing?

Refinancing is the process of obtaining a mortgage loan for a house that already has mortgage obligations from a new lender who will “buy out” your current loan.

Property owners choose refinancing in order to switch to a more profitable mortgage scheme than the one they have now. This may be a repayment plan that better suits your current financial situation, or a lower interest rate.

What should you know before refinancing your loan?
1. Refinancing will require expenses. This includes the revaluation of property, the commission for the deregistration of mortgage loans and the bank’s commission for the renewal of mortgage loans
2. Most likely, your current bank will impose a fine on you for early repayment of the mortgage. However, these costs are usually covered by your new loan
3. Your bank may offer you more attractive rates to keep you as a customer.

Refinancing of a mortgage may seem troublesome, but the savings are worth it. At Mira Mortgage we will save you from these troubles, sign up for a free consultation!

📩 [email protected]
📞 +971 52 194 1443
🔗 Click the link in bio

08/11/2023

Mira Mortgage: Your Trusted Partner in Home Financing

Experience the Mira Mortgage difference—where trust, reliability, and professionalism converge to make your homeownership dreams a reality. Your future home awaits, and we're here to help you unlock its door.

If you want to know more about our services, 𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗡𝗼𝘄!

📩 [email protected]
📞+971 55 783 9014
🔗 Click the link in bio

Mira Mortgage

29/04/2024

09/04/2024

08/04/2024

07/04/2024

06/04/2024

05/04/2024

04/04/2024

03/04/2024

02/04/2024

01/04/2024

30/03/2024

08/11/2023

Address

Telephone

Website

Alerts

Contact The Business

Shortcuts

Share

Category