Your ijara mortgage and some budgeting tips - ijaraCDC

Your ijara mortgage and some budgeting tips

You’ll soon find when you buy that first property with an ijara mortgage that you’ll need to reign in the spending that might have been a little more liberal when you were renting. While your ijara loans are the perfect way to get into the real estate market,

you’ll need to be sure to adopt a few of the following budget tips to make sure your finances are sound. One of the first things a new homeowner needs to look at is the difference between their needs and wants when it comes to their finances. It’s important to consider the fact there are additional expenses with the new house that include utilities and property taxes. Even just the maintenance and simple things like cutting the lawn and shoveling snow will eat into your leisure time. It’s also a good idea once you have your ijara mortgage to add a miscellaneous column to your budget. Experts suggest that you take all of your monthly expenses and total them and then take a 10% fraction of that and save it under this miscellaneous category.