Difference between mortgage and mortgage financing
Matar Al-Shammari
1- You get liquidity against a freehold mortgage.
2- The financing contract is in the form of Tawarruq.
3- The mortgage is without a down payment.
4- The amount of the financing amount is determined by the market value of the property. <5- There are medium and high risk. Financing term can be long.
6. <7. The interest rate is high. 8- You cannot dispose of the property without the bank's approval.
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Real estate financing:
1- Financing for the purchase of real estate for residential or investment purposes.
1- Financing for the purchase of real estate for residential or investment purposes.
2- The form of the contract is Murabaha or Ijarah. 3- Real estate financing requires a down payment of 10%.
3T <Financing amount is determined by salary/retirement age/job.
5- The risk is medium.
6- Provides liquidity for the need. 7- An alternative to selling the featured property and mortgaging to get liquidity
7- An alternative to selling the featured property and mortgaging to get liquidity
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