Almost a decade since Dubai have given rights to foreigners. To live in Tax free country and enjoy freehold property with 100% ownership.
Today we are going to talk about " Mortgage "
What is Mortgage ???
In simple words Mortgage is subsidiary of Loan facility. When we talk about Loan , it is very common and non word, in any society. Loan meaning is to provide funds to requested applicant with or without terms & conditions. Then it have many question such as like ( who can give / who can apply / what are the terms & conditions ) so and so.
When any money lender or bank or financial institute provide funds to applicant they always look for credibility of that person or firm. since they have very big concerns who they going to get there money back.
In business terms they call cash loan as un-source product.
We have seen in our daily life if you have surety from some other person or thing that you will get your money back with profit for sure we all ways 90% agree to do transaction.
Why we call mortgage is subsidiary of Loan facility because in mortgage applicant have to present there buying or owned property documents to money lender or bank or financial institute to help them to full fill there transaction.
Then Mortgage have some terms & conditions.
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