Buying House Halal
Simple Tips for Buying House Halal
Buying house halal doesn’t need to be a hassle. When you’re a first-time homebuyer who wants to stay sharia compliant, these tips will help you through what can otherwise be a maze.
Save Cash Now
Keep in mind that you should be saving as much is possible for a down payment on the new house. You might be tempted to put less than 20% down. However, that means that your operating expenses like the mortgage payment itself will be higher.
If you start saving early and stick to a disciplined routine, it will pay off in the long run. Try drawing up a list of your expenses now to see where you can cut down.
It’s a good idea not to put the cart before the horse when you start looking at your buying house halal options. Finding an online calculator can help you decide how much you can afford. Remember when you get preapproved you need to add on other expenses including maintenance and utilities.
Look at Your Credit Score
Even though you’re looking at a sharia compliant product, having a good credit score puts you in a favorable light with traditional lenders. If your score is low, there are a few things you can do to patch over any rough spots. For example, paying any debts on time helps to improve your credit score.
Be sure to check for any errors as well. If you find anything that doesn’t look right, report it to the proper credit agency.
Take a look at our residential programs in the USA page today to get a better idea of which one suits you. We have gone out of our way to make sure your buying house halal experience is pleasant. Call us at 734-834-0800 today.