Dubai marina apartments? Once you select a lender, you should speak with a loan officer as quickly as possible. At this point, there is one thing you should know. Pre-qualifying means absolutely nothing. All pre-qualifying does is determine the amount of the loan you could qualify for based on factors such as your credit, salary, etc. It does not guarantee that a lender will actually loan you the money. It’s more important to get PRE-APPROVED. Pre-approval means that your application has been submitted to a lender who is willing to extend you a specific loan amount, pending a property and appraisal. Being pre-approved lets you know that you won’t be denied for a loan, and it also provides you with leverage to negotiate the purchase price of a home with the seller.
Dubai Creek separates the city into two towns, with Deira to the north and Bur Dubai to the south. The creek has been an influential element in the city’s growth, first attracting settlers here to fish and pearl dive. Small villages grew up alongside the creek as far back as 4,000 years ago, while the modern era began in the 1830s when the Bani Yas tribe settled in the area. The Dhow Wharfage is located along Dubai Creek’s bank, north of Al-Maktoum Bridge. Still used by small traders from across the Gulf, some of the dhows anchored here are well over 100 years old. You can visit here, watching cargo being loaded and unloaded on and off the dhows. Dhow workers often invite visitors onto the vessels for a tour, where you can gain insight into the life of these traditional sailors. Many of the dhows here travel onward to Kuwait, Iran, Oman, India, and down to Africa’s horn. This tiny remnant of Dubai’s traditional economy is still a bustling and fascinating place to wander around.
We have more than 15 years of experience in selling residential and commercial properties in Dubai, Sharjah, Abu Dhabi, and other states of UAE. Either you want to sell your plots, villas, apartments, offices, or townhouses, we generate hundreds of leads through quick and effective marketing and advertising channels. We use an extensive system to screen potential buyers to avoid any legal or financial issues in the future. Our team comprised of professional experts will guide you throughout the sales process. Find additional info on Real estate brokers in Dubai.
Overlooking FHA, VA and USDA loans. First-time buyers might be cash-strapped in this environment of rising home prices. And if you have little saved for a down payment or your credit isn’t stellar, you might have a hard time qualifying for a conventional loan. How this affects you: You might assume you have no financing options and delay your home search. What to do instead: Look into one of the three government-insured loan programs backed by the Federal Housing Administration (FHA loans), U.S. Department of Veterans Affairs (VA loans) and U.S Department of Agriculture (USDA loans). Here’s a brief overview of each: FHA loans require just 3.5 percent down with a minimum 580 credit score. FHA loans can fill the gap for borrowers who don’t have top-notch credit or little money saved up. The major drawback to these loans, though, is mandatory mortgage insurance, paid both annually and upfront at closing. VA loans are backed by the VA for eligible active-duty and veteran military service members and their spouses. These loans don’t require a down payment, but some borrowers may pay a funding fee. VA loans are offered through private lenders, and come with a cap on lender fees to keep borrowing costs affordable.
When looking at homes, you should seriously consider ignoring paint and landscaping. These are two items that are easy to fix, and they should not impact your decision making when purchasing a house. If the home has a terrific location and the paint/landscaping is poor you shouldn’t rule it out, you have to be able to envision what the house will look like when you move in and make changes. A lot of time buyers will not be able to overlook paint or landscaping and this gives an opportunity for others who know how easy it is to fix. Location is something you can’t change, paint and landscaping is something you can.
Emporio is a Dubai-based group of companies including real estate agency offering professional and value-based property management services to landlords and tenants across the UAE. Emporio real estate in group is not only one of the leading companies of the UAE but a name of trust and happy living. How it all started/Our Story It all started back in 2005 when we set up a small office in dubai with some team members and entered in the world’s most competitive real estate. Find more details at https://www.emporio.ae/.