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Mortgage Calculators

Mortgage Calculators

Old May 1st 2007, 5:30 am
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Default Mortgage Calculators

Anyone know of a good bank website for the UAE that has decent mortgage calculators and would give some idea of a pre-approval amount.

No i'm not buying an apartment.


...and probably not a villa either.

Last edited by Jeeper; May 1st 2007 at 5:45 am.
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Old May 1st 2007, 6:14 am
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Default Re: Mortgage Calculators

Originally Posted by Jeeper View Post
Anyone know of a good bank website for the UAE that has decent mortgage calculators and would give some idea of a pre-approval amount.

No i'm not buying an apartment.


...and probably not a villa either.
good god what sort of car are you getting if you are needing a mortgage against it!
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Old May 1st 2007, 6:15 am
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Default Re: Mortgage Calculators

Originally Posted by Blue Cat View Post
good god what sort of car are you getting if you are needing a mortgage against it!
I thought it was an expensive camel
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Old May 1st 2007, 6:21 am
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Default Re: Mortgage Calculators

You're going to buy that plane then?
 
Old May 1st 2007, 6:24 am
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Default Re: Mortgage Calculators

Originally Posted by W10 View Post
You're going to buy that plane then?
Just curious to see what I could buy, what repayments would be etc etc
The NZD is killing me and I don't see it abating for a while so might 'might' by an off-plan villa here in the meantime.

I would soooo love a plane though.
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Old May 1st 2007, 6:26 am
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Default Re: Mortgage Calculators

**** it...buy a plane.

It never did Payne Stewart any harm...
 
Old May 1st 2007, 6:29 am
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Default Re: Mortgage Calculators

Originally Posted by W10 View Post
**** it...buy a plane.

It never did Payne Stewart any harm...
... and John Denver wrote a song about them... oh.
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Old May 1st 2007, 6:52 am
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Default Re: Mortgage Calculators

Originally Posted by Jeeper View Post
Just curious to see what I could buy, what repayments would be etc etc
The NZD is killing me and I don't see it abating for a while so might 'might' by an off-plan villa here in the meantime.

I would soooo love a plane though.
I hope someone comes up with a calculator as I would like to see what we could afford, probably a maids room !!
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Old May 1st 2007, 7:04 am
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Default Re: Mortgage Calculators

There was a double page article I read somewhere in the last 2 weeks was either Emirates today or that Xpress paper which had was comparing renting to buying and gave the monthly repayments for different value properties. Might be worth doing an on-line search to see if you can find it
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Old May 1st 2007, 7:11 am
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Default Re: Mortgage Calculators

Originally Posted by Jeeper View Post
Anyone know of a good bank website for the UAE that has decent mortgage calculators and would give some idea of a pre-approval amount.

No i'm not buying an apartment.


...and probably not a villa either.
http://www.tamweel.ae/en/ repayment calculator on the home page - don't think you'll find one that will say if you are approved or not - that depends on the sighting of the moon and the 4 camels of the apocolpse.
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Old May 1st 2007, 7:59 am
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Default Re: Mortgage Calculators

Originally Posted by Autonomy View Post
http://www.tamweel.ae/en/ repayment calculator on the home page - don't think you'll find one that will say if you are approved or not - that depends on the sighting of the moon and the 4 camels of the apocolpse.
LOL...karma sent
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Old May 1st 2007, 8:16 am
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Default Re: Mortgage Calculators

Originally Posted by Jeeper View Post
Just curious to see what I could buy, what repayments would be etc etc
The NZD is killing me and I don't see it abating for a while so might 'might' by an off-plan villa here in the meantime.
Are you hoping for a Dirham revaluation - otherwise how is an investment in Dubai property going to help you hedge against the falling US dollar?

By the way, please don't just look at mortgage payments in isolation - add to it all the incidental costs - particularly maintenance (24k p.a. for a 3 bed apartment at the Green Community - with claims by UP that they're subsidising maintenance costs by 25%!!!) and DEWA/municipality taxes.
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Old May 1st 2007, 8:26 am
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Default Re: Mortgage Calculators

Originally Posted by IndieGirl View Post
Are you hoping for a Dirham revaluation - otherwise how is an investment in Dubai property going to help you hedge against the falling US dollar?

By the way, please don't just look at mortgage payments in isolation - add to it all the incidental costs - particularly maintenance (24k p.a. for a 3 bed apartment at the Green Community - with claims by UP that they're subsidising maintenance costs by 25%!!!) and DEWA/municipality taxes.
It's not hedging - it's investing in the meantime. Buying here you're effectively buying and investing in USD (unless they did revalue the dirham)
If I buy and sell in a couple of years hopefully the USD would be a bit stronger by then - and if not i'm no worse off and still have the same problem. But i can't sit here with savings in USD and do nothing with it. and I can't bear sending it home worth about 20-30% less than it should be (ideally).
You get what i mean?
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Old May 1st 2007, 8:48 am
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Default Re: Mortgage Calculators

Originally Posted by Jeeper View Post
It's not hedging - it's investing in the meantime. Buying here you're effectively buying and investing in USD (unless they did revalue the dirham)
If I buy and sell in a couple of years hopefully the USD would be a bit stronger by then - and if not i'm no worse off and still have the same problem. But i can't sit here with savings in USD and do nothing with it. and I can't bear sending it home worth about 20-30% less than it should be (ideally).
You get what i mean?
There's a lot of data out coming this week - hopefully the dollar has bottomed out It was a rude shock for me too.

But why property and that too at the peak? Why not stocks - unless ofcourse you're only diversifying and putting some into the property sector.
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Old May 1st 2007, 8:48 am
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Default Re: Mortgage Calculators

Originally Posted by Jeeper View Post
Anyone know of a good bank website for the UAE that has decent mortgage calculators and would give some idea of a pre-approval amount.

No i'm not buying an apartment.


...and probably not a villa either.
Can't say I do but we have a bunch of stuff on our website that might help:
http://www.holbornassets.com/financial_calculators.html

Feel free to PM if you need something more specific.

Norm
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