This first time home buyer mistake can disqualify you from getting an ijara mortgage

The ijara mortgage that you decided on is a good move by all accounts. There aren’t any financial experts that will tell you are a bad move and should be avoided since they do a number of things well like keep you free from riba and at the same time mimic more traditional Western style loans. Still, these same experts will tell you there are a few traps that you can fall in when you’re a frist time home buyer and the following need to be avoided. Read this blog carefully. Dont put a new care before that new house. Sure, you’ve got some extra money and might be moving up the ladder at work but you need to be careful and not think you can have it all right away. Buying that new car might fix it so you can’t get a house for a number of years while you pay the vehicle down. If you load yourself down with debt before you look at buying a home you might not get approved since there’ s a debt to income ratio that most major lenders consider for good reason. The lesson here is simple.

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