Buying your first home? Here’s a few words on appreciationOctober 18, 2014 at 6:07 pm
Islamic home loans are a great way to buy a place of your own and stay Sharia compliant at the same time. Of course there are a few things that you need to learn as you continue on your homeowner’s jury. Starting off on the right foot with some helpful tips when you first get involved is a good idea.
Remember it’s important to get the most for your money when you sign on the dotted line with islamic mortgage loans to buy a new home. Some of the concepts that you will need to deal with might not be familiar if you’ve been renting for a number of years and one of these is called appreciation.
If you’ve been watching carefully over the last several years on both sides of the border in Canada in the United States, you’ll see that appreciation, or what the home is actually worth, has been rising steadily. Of course there are several factors that increase your appreciation as time goes on including how quickly you pay down your islamic mortgage loans.