Your Guide to Finding the Right Mortgage
A construction mortgage is different from a regular mortgage in that the funds are released in stages throughout the construction process rather than as a lump sum payment. Additionally, the interest rate may be higher during the construction phase.
The construction process is typically monitored by the lender, who will conduct periodic inspections to ensure that the work is progressing as planned.
If there are cost overruns during construction, the borrower may need to provide additional funds or negotiate with the lender to adjust the mortgage amount.
Explore More About Qatar Mortgage Services
Buying a home can be a daunting task, especially if you're still getting familiar with the local mortgage market in Qatar. That's why we offer a wide range of mortgage services to guide you every step of the way, from pre-approval to closing.
Discover the ideal mortgage for you.
At the Pearl Gates, customers can choose from a range of mortgage deals tailored to their unique needs. Explore the different options with cater best to your needs!
What is the maximum loan amount I can obtain?
Mortgage calculators are online tools that can help you estimate your monthly mortgage payments based on factors such as the loan amount, interest rate, and repayment term.