Is Home Owner (mortgage) finance available on freehold properties?
Home finance is available on all Nakheel real estate projects from Nakheel’s home finance subsidiary, Tamweel, and on Emaar projects from Emaar’s home finance subsidiary, Amlak. Mashreq Bank also offers mortgages. RAKBank offers mortgages only once the project is completed A range of other banks and finance institutions are starting to offer mortgages. Lending criteria vary at each institution. As yet, no finance institution is offering mortgages on freehold developments of any private developers.
Related Questions
- What must Sellers of condos and properties with home owner associations disclose (and Buyers know) before -- rather than after -- the closing?
- Should a home owner continue to make mortgage payments on this loan during the loss mitigation process?
- Is Home Owner (mortgage) finance available on freehold properties?
