Posted by: islamicfinancingnews | April 15, 2012

Islamic mortgages and finding the right home

Looking for the right home is one of the first things that you’ll need to do. Well before you get the paperwork ready to apply for one of the Islamic mortgages that will secure the Islamic finance you’re looking for, you need to decide on the fundamentals.

One of the priority decisions here is whether you want an older or newer home.

Older homes have distinction and class. They often have crown moldings and other accessories like oak staircases and larger backyards, but because of their age they generally take more time and money to maintain.

On the other hand, newer homes have all the latest and most modern conveniences and there’s generally not much to do except sit back and enjoy the surroundings. However, the difference here is quite often those surroundings. These newer places, while often being maintenance free, have smaller yards and less of the well worn comfort of yards with grown trees and mature hedges. You’re bound to feel the proximity to your neighbor in the more modern subdivisions as well.

The choices that you need to make to get on the path to home ownership start well before you sign the paperwork for Islamic mortgages.










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