Faisal KhanAnswered Sep 11, 2013In addition to the answers by Denis, owning a house would be inherently very pricey.
What would occur if mortgages were suddenly banned?
Faisal KhanAnswered Sep 11, 2013What occurs if a homeowner has the funds to repay a mortgage but refuses to pay the bank, insisting on paying only the entity from which the bank borrowed the money? I’ve heard of a legal tactic some homeowners use to avoid repayment—how does this work?1 ansIf a homeowner can pay their mortgage but refuses to pay the bank—and insists on paying only the bank’s funding source—what happens legally and in practice?1 ansCan I be arrested in GCC countries or my home country if I have an unpaid UAE credit card debt of AED 5,000?1 ansHow is Mint.com able to offer users pre-approved credit card offers?1 ans