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5 Ways to Better Manage Home Loan EMIs
- April 5, 2021
- Posted by: Minhaj Mehmood
- Categories: Financial Services, home loan repay, Mortgage Debt Management
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Tips to Make Mortgage Debt Management Easier
- February 9, 2021
- Posted by: Jaya R
- Categories: Financial Services, Mortgage Debt Management
The debt trap is a reality. It was evident in a recent Standard Chartered survey published in UAE’s leading newspaper in December 2020. [MK1] In the survey, millennials (aged 25-44) were asked what they would do if the government gave them Dh 5,000 without any obligations. An overwhelming 45% of respondents said they would use the money to pay off debt or cover living expenses. Nearly 34% of the millennials said their borrowings have increased over the past month.
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How to Manage Overwhelming Loans or Debt during Pandemic
- February 1, 2021
- Posted by: Jaya R
- Category: Uncategorized
Undoubtedly, the COVID-19 pandemic has unexpectedly saddled many people with debt. According to a recent survey by Standard Chartered, managing money became challenging for 74% of people in the UAE since the COVID-19 outbreak. Notably, things became difficult for millennials (aged 25 to 44), with 78% struggling with money management issues.
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How to Get Out of Debt in 7 Easy Steps
- January 21, 2021
- Posted by: Jaya R
- Category: Uncategorized
Being in debt is not a pleasant situation. In particular, job losses or pay cuts caused by COVID-19 has made things more difficult for households. However, everyone should aspire to become debt-free. While it may look complicated, it is not impossible.
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How to Cope with Debt in the UAE After a Lay-off or a Pay Cut
- January 11, 2021
- Posted by: Jaya R
- Category: Uncategorized
Just like every other country, the COVID-19 pandemic hit jobs and incomes of people in the UAE. Estimates by Oxford economists suggest the UAE could lose 900,000 jobs due to the COVID-19 pandemic. According to an October 2019 survey by recruitment firm Robert Half,[MK1], more than 50% of the UAE’s population was earning less than their regular income.
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Debt Effects-Making Sense of Cents- Loan restructuring program
- December 28, 2020
- Posted by: Jaya R
- Categories: Financial Services, home loan repay, Loan restructuring program, Mortgage Debt Management
Let’s face it – with the rising inflation and cost of living, it’s not unusual to find oneself in a debt trap. Unforeseen circumstances like a salary cuts, job loss, delayed receivables, can make it even more challenging for borrowers to manage their big-ticket debts such as a Home Loan. According to a survey, three out of every five UAE residents are debt laden.
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How to manage overwhelming Loans. Here are some solutions
- December 16, 2020
- Posted by: Jaya R
- Category: Uncategorized
The unforeseen circumstance like the pandemic has made a treacherous impact on the financial planning. The drop-in income due to delayed receivables, reduced salaries, job losses, rental yield has created a cash crunch situation.
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Managing Mortgage Debt During Covid-19
- December 9, 2020
- Posted by: Jaya R
- Category: Uncategorized
The Covid-19 pandemic has had a devastating impact on the economy, derailing many of our financial plans as well as the ability to pay home loans. The situation has become even more challenging due to drop in property values, rental yield, the salary cuts, loss of jobs, as well as income losses for the businesses. The long-term effect related to Mortgage Debt is beginning to be damaging.
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Streamlining Your Mortgage Debt Obligations through the Right Financial Planning
- November 18, 2020
- Posted by: Jaya R
- Category: Uncategorized
When it comes to necessity, Mortgage Loans are an attractive option to purchase a dream home. But It’s not uncommon for a borrower to hit a roadblock in paying off the Mortgage Debt.
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How to avoid falling into a Mortgage Debt Trap
- October 22, 2020
- Posted by: Jaya R
- Category: Uncategorized
According to a survey, 47% of the UAE’s population is laden by Debt. One of the biggest contributors to individual debt is Home Loan. Most people equate rental expenses with the monthly loan payment and end up falling into a Mortgage Debt trap. But mortgaging comes with its own set of costs.
