With mortgage rates fluctuating, securing a low mortgage rate can save you thousands of dirhams. Whether you’re buying your first home or refinancing, locking in a favourable rate is crucial.
1. Understand What Affects Mortgage Rates
- Central Bank Policies – The UAE Central Bank's interest rate changes impact mortgage rates.
- Inflation & Economic Trends – Higher inflation usually leads to higher interest rates.
- Your Credit Score & Financial Profile – Strong credit histories get better rates.
- Loan Type & Term – Fixed-rate mortgages provide stability.
2. Get Pre-Approved for a Mortgage
Pre-approval helps lock in a competitive interest rate and simplifies the mortgage process.
3. Choose a Fixed-Rate Mortgage
A fixed-rate mortgage protects you from rising interest rates, ensuring stable monthly payments.
4. Improve Your Credit Score
- Pay off debts and credit card balances.
- Avoid applying for multiple new credit accounts.
- Keep financial documents in order.
5. Make a Larger Down Payment
Providing at least 25-30% of the property value can lower your interest rate and speed up approval.
6. Act Quickly When Rates Are Low
Mortgage rates fluctuate daily. Lock in a good rate before it increases.
7. Work with a Trusted Mortgage Broker
Money Maestro connects you with top lenders to secure the best mortgage rates.
Secure Your Low Mortgage Rate Today!
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📍 Serving: Dubai, UAE
Don’t wait—secure your low mortgage rate now with Money Maestro, Dubai’s trusted mortgage broker!
