Offset Mortgage
Unlock the potential of your home equity with offset mortgages in Dubai. Off-set mortgages involve linking a traditional mortgage with one or more deposit accounts, such as savings, current, or credit card accounts.
With offset mortgages, borrowers can reduce the interest payable on their mortgage by maintaining higher balances in their linked accounts. This arrangement allows borrowers to access their linked account funds while benefiting from reduced mortgage interest payments.
It's important to note that while you can access the money from the linked account, any conventional overpayments will be directly transferred to your lender. Additionally, offset mortgage interest rates are typically slightly higher than those of conventional mortgage plans, and borrowers may be required to pay an annual fee.
Consider the financial aspects carefully when choosing an offset mortgage in Dubai, and consult with The Pearl Gates for expert guidance on selecting the right mortgage option for your needs
Discover your ideal mortgage here.
At The Pearl Gates, we understand the importance of finding the perfect mortgage to achieve your property goals. That's why we offer a diverse range of tailored mortgage deals to suit your unique needs and financial circumstances. Our dedicated team of advisors will collaborate closely with you to explore options, ensuring the perfect fit for your home financing needs. Whether you need stability with a fixed rate or flexibility with a variable rate or more, we have options for every requirement.
How can I estimate my potential loan amount?
Estimate your potential loan amount with ease using our mortgage calculator. Our online tool takes into account factors such as the loan amount, interest rate, and repayment term to provide an accurate estimate of your monthly mortgage payments.
Off-set Mortgage guide
- Flexibility in Fund Usage: Offset mortgages allow borrowers to link their savings, current, or credit card accounts with their mortgage, providing flexibility in accessing and utilising their funds as needed.
- Reduced Interest Payments: Borrowers can offset their mortgage balance by maintaining higher balances in linked accounts, resulting in reduced interest payments over the mortgage term.
