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How A Debt Management Plan Can Come To Your Rescue In These Challenging Times
- August 24, 2020
- Posted by: Jaya R
- Category: Uncategorized
219 Comments
Given the economic impact of the novel coronavirus pandemic, many investors are worried. Their main area of concern is how to go about making their mortgage payments, especially if they’ve been laid off from their jobs or been furloughed.
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How Mortgage Stress Test can help existing Home Loan borrowers
- July 28, 2020
- Posted by: Jaya R
- Category: Uncategorized
If you are applying for home financing in the UAE, banks perform a Mortgage Stress Test on your application. But, as the term implies, it is not really a test. Instead, they are sets of rules that lenders use to understand if you are the right candidate for a mortgage.
This is the bank’s way of computing your disposal income and looking at your affordability based on a higher interest rate than what’s offered on your Mortgage.
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Unpaid Mortgage Debt can be strenuous but can be managed. Here’s how
- July 12, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
No one could have forecast the shock, impact and speed of the economic crisis that followed the pandemic. But with scores of borrowers having to experience loss in income, repaying their Mortgages has been greatly impacted. Despite the temporary reprieve offered by the UAE government, the long-term impact of dealing with Mortgage Debts have begun to weigh on many. In this situation, some homeowners may want to move out of the UAE altogether to escape their mortgage commitments, but the ramifications can be immense.
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Mortgage Debt Management can circumvent banks from freezing end-of-service benefits
- June 28, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Banks have the right to seize the end-of-service benefits for Mortgage customers if they doubt repayment capability and the Loan to value exceeds the threshold. Here’s how it can be circumvented with the help of a successful Mortgage Debt Management service.
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How Mortgage Debt Management Works in the UAE
- June 19, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Over thousands of residents have registered to be repatriated from the UAE due to the COVID19 crisis. The economic crisis has resulted in many Job losses. salary cuts & business income loss. With no alternate options in sight, many have decided to return to the home country to sit out their economic troubles.
So what happens if you have no other option but to leave the country with a Mortgage in the UAE? And what are the different solutions that will help you resolve the debt without any legal implications? -
Eligibility criteria for Mortgage Debt Management in the UAE
- June 1, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Countries across the globe are facing economic ramifications due to the current COVID19 (Novel Coronavirus) outbreak. Even with well-measured steps by the government to contain the economic breakdown, in the long run, the fear of salary cut and job loss can be an important factor for individuals with Mortgage Debts. During such a crisis, many borrowers might be tempted to relocate or go back to their country to avoid repaying Mortgage Debt. Let us tell you that no matter how attractive it may sound, fleeing the country isn’t the right option.
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5-step process to restructure Mortgage Debt in the UAE
- May 26, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Unforeseen circumstances can completely derail your financial plans and even affect your ability to repay Mortgage payments on time. As time passes, this Mortgage with its interests and penalties can turn into a monstrous sum. One of the best things to do in these situations is not to run and hide. It’s otherwise, you need to go ahead and ask your bank for a Debt Restructuring.
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Registered for Repatriation with a Mortgage in UAE? Here’s what can be done
- May 13, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
The economic crisis due to the COVID19 pandemic has resulted in many Job losses. salary cuts & business income loss. With no alternate options in sight, many have decided to return to the home country to sit out their economic troubles.
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How to choose the best Mortgage Debt Management company
- April 29, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Countries across the globe are facing economic ramifications due to the current COVID19 (Novel Coronavirus) outbreak. Even with well-measured steps by the government to contain the economic breakdown, in the long run, the fear of salary cut and job loss can be an important factor for individuals with Mortgage Debts. During such a crisis, many borrowers might be tempted to relocate or go back to their country to avoid repaying Mortgage Debt. Let us tell you that no matter how attractive it may sound, fleeing the country isn’t the right option.
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Beyond Mortgage default, new options open up for home owners in the UAE
- April 22, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Countries across the globe are facing economic ramifications due to the current COVID19 (Novel Coronavirus) outbreak. Even with well-measured steps by the government to contain the economic breakdown, in the long run, the fear of salary cut and job loss can be an important factor for individuals with Mortgage Debts. During such a crisis, many borrowers might be tempted to relocate or go back to their country to avoid repaying Mortgage Debt. Let us tell you that no matter how attractive it may sound, fleeing the country isn’t the right option.
