A few tips on finding the right islamic home loans companyApril 26, 2014 at 5:19 pm
It wasn’t that long ago that Muslim families looking to buy a house had to use conventional Western-style mortgages. Now of course it’s possible to get islamic home loans through a company that specializes in Sharia compliant products. It’s a good practice after you’ve found a company that offers these Islamic mortgage loans to include all of the following characteristics in your home search:
- A real estate agent that understands the needs of a Muslim family. This person should be able to point you towards homes that are close to mosques and halal shops. They should understand the needs of people who are looking to match their Islamic mortgage financing with the right neighborhood.
- The ability to make a good offer on a home. Team up with the professionals who understand how to present an offer to the person selling the house in the best possible light.
Islamic home loans will ensure that you stay Sharia compliant. There are quite a few different products that you can look through but it’s a good idea to remember that much of the prequalification process is the same for these Islamic mortgage loans as the Western variety.