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Impact of Interest Rates on Your Mortgage: Here's What You Need to Know!

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Impact of Interest Rates on Your Mortgage: Here's What You Need to Know!

Mortgage rates can significantly affect your home-buying budget. Here's how:

✔ Higher rates = Higher payments → You may qualify for a lower loan amount.
✔ Lower rates = More affordable payments → You could potentially borrow more.
✔ In the UAE, banks typically use 50% of your income to determine eligibility.

💡 Pro Tip: Speak with a mortgage consultant before you start house hunting to get a clear picture of what you can afford!

💬 What are your thoughts on rising interest rates? Let us know in the comments! 👇

#DubaiRealEstate #MortgageUAE #InterestRates #HomeBuying #InvestInDubai #MortgageTips #MyDubai

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