Home Loan Settlement
Don't Let Your Home Loan Settlement Define Your Lifestyle. Get Smart Solutions Regarding Your Debt Management.
It is not uncommon for a borrower to hit a roadblock in paying off their mortgage debt. The issue arises when you face excessive debts due to overspending, job loss, salary cut, medical reasons and other such unforeseen circumstances. In such cases, resolving debts can be difficult and many customers skip their payments and even resort to fleeing the country.
If you are facing such a situation, know that there is help available in the form of Debt Restructuring & Debt Settlement. At Lin International, we can help with home loan settlement in the UAE. Besides, if you need pre settlement loan, we are always ready to help you out.
How Does Lin International Debt Management Help?
Lin International Debt Management brings comprehensive solutions to you where you take a smart route to your Home Loan Settlement in UAE. We help you to structure the best possible solution with banks without resorting to any legal procedure. We assist in closing or moderating the mortgage liability by offering remedial measures such as settlement or restructuring, which would be a win-win for the borrower and the bank.
With us, you can avoid:
- Messy settlement plans
- Legal complications
- Long settlement process
Who Can Use Our Services?
Our services of debt settlement in UAE are for any borrower who is:
Facing Unfortunate Circumstances
A job loss is a nightmare, and so is being forced to the random fleeing country. In such cases, Lin International Debt Management will take care of your property. We assess the value, look for suitable buyers, and work with your bank for the settlement.
Facing High Debt Burden Ratio
Lin International Debt Management takes a closer look at your financial situation. If your Debt Burden Ratio (DBR) is higher than 50%, then we analyze your financial status and provide a re-aging or restructuring plan.
Facing the Burden of Delayed Projects
Sometimes, you may face problems not because of you but because of the projects you invest in. If you are facing the burden of delayed property, we will engage with the developer and provide an end-to-end solution for you.
Services Specifically Designed For Businesses Settlement Plans
Our Settlement Plans help you settle your home loan liability without the involvement of any legal procedure. Apart from assisting in structuring a solution, we also help you with our market analysis in terms of your property, find buyers and negotiate your settlement on your behalf.
Debt Restructuring
Our Debt Restructuring services help you with a structure that is better suited for the income you have. We do so by analyzing and evaluating your financial case in-depth. Overall, we make your loan repayment very affordable.
Delayed Projects Settlement
Let us get in touch with the developer. We discuss with the developer and get an update on the project status. We work out options like a refund or swap with the developer. Thereafter, we negotiate with the bank and create an ideal settlement plan to foreclose the loan.
Services Specifically Designed For Businesses Settlement Plans
Our Settlement Plans help you settle your home loan liability without the involvement of any legal procedure. Apart from assisting in structuring a solution, we also help you with our market analysis in terms of your property, find buyers and negotiate your settlement on your behalf.
Debt Restructuring
Our Debt Restructuring services help you with a structure that is better suited for the income you have. We do so by analyzing and evaluating your financial case in-depth. Overall, we make your loan repayment very affordable.
Delayed Projects Settlement
Let us get in touch with the developer. We discuss with the developer and get an update on the project status. We work out options like a refund or swap with the developer. Thereafter, we negotiate with the bank and create an ideal settlement plan to foreclose the loan.
Frequently Asked Questions
During home loan settlement, the lender agrees to settle the mortgage loan in a single payment (lump sum, which is usually lower than the outstanding loan amount) and to write off the interest as well as penalties. The eligibility for home loan settlement is decided after assessing the borrower’s capacity to repay the loan and the severity of the circumstances.
A Pre Settlement Loan is not technically a loan. Instead, it’s a type of cash advance that’s contingent on a financial settlement for the plaintiff. It is repaid only if the plaintiff wins the legal claim. In case the plaintiff loses the case, there’s no obligation to repay the advance. It’s important to note that a pre-settlement loan is granted only when there’s a favorable resolution to the legal claim.
Many creditors and lenders do not consider home loan settlement until debts are 60-90 days past due. If a debt is delinquent for 5 months, you have a greater chance to settle your home loan with the original creditor.
As of November 4, 2019, the fee for early home loan settlement in the UAE is reduced to 1% of the outstanding loan amount or AED 10,000 – whichever is lower. Previously, the early home loan settlement fee was 3%.
Services Specifically Designed
For Businesses
Settlement Plans
Debt Restructuring
Delayed Projects Settlement
There Are Many Ways To Manage Your Debt. Find Out What Our Debt Management Plan Gives You!
Some Of The Banks We Work With:
Our Client's
We have worked with some of the biggest business clients known across the world and helped them with debt management in unbelievable ways. We have a team of highly professional and experienced members working tirelessly to bring the best debt management plans for you. Our full debt support services give you the complete flexibility to choose the services that you feel will suit your individual or business needs.
