Banks are usually required by regulations to keep within a set ratio between loan and security. Perhaps this is not hte case in Qatar in which case, noe of above applies here.
Depending upon the customer's situation, the banks may accept addition of un-burdened property to the mortgage to increase the security rather then a cash payment. But this depends upon the customer and their net worth.
For general public and small investors with one house and not much left over, it's curtains.
Don't panic, we are not there yet and may not get there at all. Governments are taking steps to ward off such occurance. But it helps to know what is possible.
Banks are usually required by regulations to keep within a set ratio between loan and security. Perhaps this is not hte case in Qatar in which case, noe of above applies here.
Depending upon the customer's situation, the banks may accept addition of un-burdened property to the mortgage to increase the security rather then a cash payment. But this depends upon the customer and their net worth.
For general public and small investors with one house and not much left over, it's curtains.
Don't panic, we are not there yet and may not get there at all. Governments are taking steps to ward off such occurance. But it helps to know what is possible.