Islamic home financing and getting ready to apply

We’re gone out of our way to make getting islamic home financing as easy as possible. Our islamic mortgage financing technique is all about making sure you get the product that suits both your budget and lifestyle. To that end, the ijaracdc.com website has all of the information that you’ll need and even some to help you get started.  For example, our  pre-qualification section tells you everything that you need to know about the documentation you’ll need to approach a lending institution.

Whether you’re looking for Islamic home financing or a more traditional western style  mortgage, you’ll need to present some proof to any lending institution that you don’t present an unreasonable risk for repaying the money that you’ve borrowed. That said, before you start the process, you should get together a record of where you’ve lived over the last several years as a way of showing the banks that you’re credible.

Records of employment are another necessary factor to be considered. Banks and other lending institutions will need to see a pattern of employment and records for past employers. Being self employed doesn’t mean you can’t get the money, but you’ll need to prove you’ve been in business for several years.