Since the demand of mortgage loans is rising in Dubai, many potential buyers are facing difficulties in figuring out their affordability. Bayut continues to help such borrowers through its handy ‘Mortgage Calculator’ tool which helps in accurate mortgage calculations. Borrowers just add the loan amount, loan period and interest rate to know about the accurate monthly mortgage instalments.
London, UK -- (SBWIRE) -- 06/20/2012 -- Since the prices of Dubai real estate are near to touch the bottom, many buyers are now looking forward to securing mortgage loans for buying property in posh areas of Dubai like Dubai Marina. Though Dubai Marina property is still high priced as compared to other areas in Dubai yet the prices have slashed down to a significant extent as compared to their peak times.
For those buyers who are interested to buy property in Marina Dubai or in any other posh area, Bayut continues to feature a handy tool to make mortgage calculations a piece of cake for them. This calculator allows them to figure out their affordability before securing a mortgage, since many borrowers are unsure how interest and loan period plays in the mortgage amount.
Bayut is pleased to announce that its Mortgage Calculator continues to help those who cannot get beyond simple addition and subtraction. The buyers are often confused about the mortgage numbers and equations and seek the help of the mortgage broker or the lender to figure out their affordability against a fee. Bayut features a handy tool ‘Mortgage calculator’ at the extreme right side of its landing page to calculate accurate monthly mortgage instalments.
Madiha, a senior expert at Bayut says, ‘Mortgage calculator tool is as simple as ABC, borrowers just need to punch in the figures of loan amount, loan period (varying with the mortgage plan) and interest rate and hitting the ‘Calculate’ tab would reveal the monthly mortgage installment. We are pleased to announce that we are noticing a huge traffic on our website due to this tool’. She further added that we are working on the plan to make this tool more comprehensive and beneficial for the mortgage borrowers in Dubai and UAE.
Bayut is a prime UAE and Dubai property portal which features an extensive portfolio of quality properties for buyers review. Buyers can search ideal properties exactly matching their specifications and can contact their listing agents or sellers for further proceedings. Sellers can purchase various listing packages and can enjoy massive property exposure at their fingertips.
For more information please visit: http://www.bayut.com/