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What is the minimum level of income for mortgage and what restrictions are linked to get a loan?

April 26, 2017income level linked loan minimum mortgage

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What is the minimum level of income for mortgage and what restrictions are linked to get a loan?

1 Answer

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10 Posted

The minimum income level as such is not defined, lenders consider each individual case. Is generally accepted that the income per family member after the monthly payment is not less than 3,500 dirhams (about $ 900.) Per person. Thus, defines the maximum amount of credit.