Are you still paying high interest on your existing home loan? It is time to consider switching your mortgage to another bank with better pricing, Mortgage buyouts in Dubai common to such an extent that they are now offered at improved pricing and other favourable conditions, We're a leading mortgage broker and your UAE home finance guide offers relief from high interest rates on loan buyouts.
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A mortgage transfer or buyout is a financial solution that allows individuals to restructure their existing home finance with more favourable terms. This type of loan restructure is beneficial if your existing mortgage is on a high interest rate. By opting for a buyout loan, you can reduce your monthly payments by extending the repayment period and securing a lower interest rate or raising equity to invest in a new property or renovate an existing one.
To qualify for a buyout loan in the UAE, you generally need to meet the following criteria:
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