Property Articles... Counselor Matar Al-Shammari writes: Ten points to get the best real estate financing

Matar Al-Shammari - Real Estate Finance

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Ten points to get the best mortgage

Matar Al-Shammari

Here are ten points to help you how to get the best mortgage:

Here are ten points to help you how to get the best mortgage:

1- Make sure you know the duration of the mortgage.

2- Know the total mortgage.

3- Number of installments and the value of each installment with the installment date.

4- Know the forward cost rate of the mortgage.

5- Know the annual percentage rate (APR).

5- Know the annual percentage rate of the financing.

5- Know the annual percentage rate of the financing.

6 6- Know the administrative fees and all the expenses you pay to the bank related to the financing.

6- Know the administrative fees and all the expenses you pay to the bank related to the financing.

6 7- Know the early repayment mechanism.

7- Know the early repayment mechanism.

8- Know the contract form Murabaha or Ijara. 9- Know the conditions of insurance on life and real estate.

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10- Make a comparison between five banks and take the best one in order to get a suitable financing for your monthly income.

Real estate consultant

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