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Does a Loan Modification Hurt Your Credit?
A loan modification can impact your credit score depending on how your lender reports it. Sire Finance helps you understand the potential effects and how to navigate the process to protect your financial health. Is Loan Modification a Good Idea? A loan modification can be a wise choice to avoid foreclosure, especially when finances are […]
Requirements For a Salaried Applicant
Requirements for Salaried Mortgage Applicants Nationals (Emiratis) at least 6 months in their current job Good credit history is necessary Minimum monthly income considered by many banks starts from AED 15,000 Maximum 50% of income dedicated to repayment Some banks only offer loans to employees from well-established institutions or government departments Deposit starting from 20% […]
Requirements For a Self-employed Applicant
Requirements for Self-Employed Applicants Nationals (Emiratis) running their business for at least 2 years Good credit history is necessary Minimum monthly income considered by many banks starts from AED 25,000 self-paid salary or AED 3,000,000 annual turnover Maximum 50% of income dedicated to repayment Some banks only offer loans to employees from well-established institutions or […]
