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Maintain Your Credit Score through an Efficient Debt Management Plan
- October 10, 2020
- Posted by: Jaya R
- Category: Mortgage Debt Management
12,844 Comments
Unpaid Mortgages can be daunting. They will haunt you until you work out a solution. And in most cases, they may still follow you around in the form of damaged credit scores that creditors will use against you to deny you a new line of credit.
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Managing Mortgage Debt during challenging economic situations
- September 23, 2020
- Posted by: Jaya R
- Category: Uncategorized
The economic activity has been stalled globally due to the unforeseen circumstances caused by the COVID-19 pandemic. The magnitude of such a devastating impact can easily derail the financial plans as well as the ability to pay-off mortgages. The situation has become grim due to 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 manifest on many people.
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Options to help you Tide Over your Mortgage Debt – All you need to Know!
- September 10, 2020
- Posted by: Jaya R
- Category: Uncategorized
The COVID-19 pandemic has thrown us into another global financial crisis. Many people in the UAE have lost their jobs, have had pay cuts, or suffered immeasurable losses. Those who had taken out a mortgage were pushed into a highly precarious situation.
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Know how the UAE Economic Stimulus Package can help in meeting your Debt obligations
- September 2, 2020
- Posted by: Jaya R
- Category: Uncategorized
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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
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.
