A home buyer's maximum borrowing capacity plays a significant role in determining the choice of home, budget, bargaining power, and the impact on long-term financial stability. Instead of blindly relying on the seller to determine your limit, buyers and agents can use ezEstate online calculator instead.
One simply needs to enter the net monthly salary of all the loan applicants along with monthly repayments towards existing loans. Let us presume you have a monthly income of 53,000 AED and all existing loan repayments work out to around 14,500 per month. Simply enter these details in calculator to know your borrowing limit, which in this case is, around 2.3 million AED.
Using the borrowing limit calculator allows buyers to take charge of their mortgage transaction. Agents too can help buyers adopt a realistic approach when comparing properties. The benefits of using this calculator include:
This calculator ensures you don't start searching for homes and comparing deals and offers on a mere hunch. Use this calculator as the first step to enjoy a complication-free home purchase transaction in Dubai.
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