FAQs on Financing Property

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“Coreo is the premier real estate broker in the Bahrain area. Whether you are looking to buy a two-bedroom villa on the Island of Tala or you want to rent a lavish apartment on the water in Amwaj, we can make the process easier for you and connect you with the right financial institutions to make it possible. We are always focused on the success of property owners and the comfort of our tenants. Contact Coreo real estate today to help you with your next real estate investment.”

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Purchasing new property is usually the biggest investment that most people will make in their lives. It is necessary for homebuyers to understand all of their financing options and what they can expect to pay for a mortgage.

Here are a few commonly asked questions about financing property.

1. How much can I afford to pay for a home?

Most people can afford to spend 25% to 30% of their gross income, although it will depend on the number of household dependents and your current debt. It is wise to include your property taxes and utilities when you are calculating how much you can afford.

2. What are my financing options for purchasing a home in Bahrain?

The National Bank of Bahrain, Citibank, HSBC, Standard Chartered, and Arab Bank Bahrain can provide mortgages to finance property in Bahrain.

3. What is the maximum term for a mortgage in Bahrain?

In almost all cases, banks and credit unions will not offer individuals a mortgage with terms greater than twenty years.

4. What is the average interest rate for a mortgage in Bahrain?

People who have a good credit rating and a significant deposit will usually receive an interest rate as low as 4% over a twenty-year period. Ensure to check with your banking institution as to what the latest rates are.

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Coreo Bahrain Real Estate Services

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