News Column

Mashreq ?offers new mortgage plan

May 8, 2014

Mashreq has announced the launch of its 'Home Equity Release' solution, which enables clients to use the additional value in their home to generate cash flows, which can be used for further investments.

Home equity loans allow borrowers to use the equity in their home as collateral. This means that if a customer has a property which is fully paid up and not mortgaged, they can take advantage of the value in their home and cash out part of that value which can be further invested in real estate, the stock market or to finance a business venture. The Home Equity Release mortgage solution benefits clients by helping them manage their cash flow and any major expenses.

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Source: Khaleej Times (United Arab Emirates)

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