10 points in the mortgage contract before signing

Key financial and procedural points to review before signing a mortgage contract

Matar Al-Shammari, Old Buildings - Real Estate Marketing

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10 points in the mortgage contract before signing

مطر الشمري

1 - Confirm the amount of administrative and evaluation fees.

2 - Confirm the amount of the financing amount.

3 - Confirm the amount of the 10% down payment.

4 - Confirm the bank's installment according to the repayment schedule.

5 - Check the subsidy installment if there is a monthly subsidy.

6 - Check the term of the mortgage.

7 - Check the forward cost ratio.

8 - Check the percentage of deduction from the monthly salary. <9 - If you have a 2*1 financing, check how much the mortgage installment will be after the end of the personal financing. 10- Check the payment mechanism in the self-construction product.

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