Some things to think about before you buy with islamic mortgage loansJune 12, 2014 at 10:56 am
Buying a home with Islamic mortgage loans is one of the most exciting times in your life. You’ll be able to raise a family and meet people in the neighborhood where you decide to live, but you don’t want to let the excitement cloud you from some of the decisions that will tell you if you’re ready for the responsibility.
- Ask yourself if you’re making a sensible purchase. For example, if you’re a young couple with plans to raise a family, a two-bedroom home won’t be the right option for very long. Remember, if you need to move in just a few years, some of the costs like land transfer taxes will eat up any profits right away.
- Decide if the neighborhood is a good fit for your lifestyle. You’ll need to have schools within walking distance if you have small children. On the other side of the coin, if you’re a professional, you don’t want to live in a family neighborhood with all the noise. Matching your lifestyle with the neighborhood is an important consideration.
You need islamic home loans to help you to stay away from riba and these tips to get you to the right home.