Your Guide to Finding the Right Mortgage
Some risks of getting an off-plan mortgage include delays in construction, changes in the property market that affect the value of the property, and the possibility that the finished property may not meet your expectations.
The requirements for getting an off-plan mortgage are similar to those for a regular mortgage, including a good credit score, proof of income and employment, and a deposit of usually 10-30% of the purchase price.
The mortgage payment schedule for an off-plan mortgage is typically structured in stages, with payments made at certain milestones in the construction process.
The property is typically valued based on the projected completion value rather than the current value, taking into account any changes in the property market that may occur before completion.
If there are delays in construction or the property is not completed, the lender may extend the mortgage term or adjust the payment schedule to reflect the changes in the completion date.
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.
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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.