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News about Mortgages:
Government action benefits end users - Business24-7From weeding out speculators by issuance of a new law to setting up of a property court, the Dubai Government set forth a new regional trend clipping flippers and protecting end users in 2008. The year began on a positive note with the Dubai ...
Abu Dhabi real estate faces a tricky year ahead - AME InfoNeighbouring Dubai has its bedrock of at least 35,000 units that have been delivered and completed since freehold sales began more than six years ago, while 46,000 are under development as off-plan units, according to the emirate's Real Estate ...
Zabeel 'crisis' plan: Finish all projects, don't cut prices - Zawya.comHigh-end developer Zabeel Properties, like other real estate players in the region, has begun to feel the pinch of the credit crunch. The company, which is working on projects worth $5 billion (Dh18.36bn), does not expect to make any sales in the ...
Today's Mortgage Terms starting with U
Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.
URLA: Uniform residential loan application.
Usury: Interest charged in excess of the legal rate as established by law.
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