Buying your dream home in Dubai or investing in Dubai Properties, here are some crucial pointers to help on your way.

Plan your Finance, before you start browsing out your option in the market, it’s crucial to answer few questions, how much you can afford, how much you can borrow and what will be the ideal price range you should seek. To pay for the first home, you will need acceptable credit, a stable job, and a sizable chunk of cash for a down payment.

Mortgage pre-approval will give the first start to your home buying process, as it means a mortgage lender has checked the credit history and confirmed your income. This gives you an edge with sellers looking for a quick deal. And alongside, the buyer has an idea of comfortable spending on a home. To acquire the pre-approval either approach lenders directly or can hire mortgage consultants who can hold all your pressure and will plan the ideal mortgage. Ideally having a professional along your side would ease the stress of home buying process.

Now it’s an ideal time to start navigating the potential options in the market. Review online options or real estate broker referral. An adroit realtor has an awareness of the area/community and could be a time saver as they will listen and execute what you are looking for, this will give the upper hand.

While buying the dream house, you must consider the lifestyle and future requirement (which may include marriage, kids, education). So, consider making a list of non-negotiables and what features you wish to envisage in your home. And it’s important the realtor know the preferences to find homes that meet your needs. The best way to understand the selected area and to know further about it is to visit open houses and get conversant with the community. Contemplating the apartments that are above and below your budget, help to ascertain how values vary with features and location. And accordingly, can reevaluate the list of what’s out there and what you prefer.

Well, to complete the home buying transaction, there is additional cash which you need further to close the deal apart from the initial down payment cost. Closing cost includes the cost of Dubai Land Department- transfer fee, title-deed charges, mortgage registration fee, and the bank cost- processing fee, valuation fee, and the insurance cost. Therefore, on top of the 25 percent down payment, the buyer needs to have an additional cash reserve of 6-7 percent of the property value to complete the home-buying process.

So, if you want home loan in Dubai and looking for certified mortgage consultant then meet our experts or write us infoat4cmortgages.com! Follow us on Twitter and Facebook, and keep yourself updated.