Posted by: islamicfinancingnews | February 21, 2013

Islamic mortgages and finding an experienced real estate lawyer

islam-31 When you plan on obtaining proper Islamic mortgages to help finance the purchase of a home, you’ll need to rely on professionals to bring all the elements together. You’ll need to consult with your lender about the particulars of the loan, and you’ll also need the services of a lawyer to make sure the transaction is finalized properly and your ownership of the property is legally registered on title.

Using the services of an experienced real estate agent will help you find the right property, and using the services of a professional lawyer will ensure all the legal documentation regarding a purchase and mortgage transaction is accurate and your rights as a purchaser and mortgagor are protected.

Many lawyers in your area are listed online and you should concentrate your search for ones that specialize in real estate law. Ask family members and friends who have recently purchased a home for a recommendation and don’t hesitate to look for a legal professional who speaks your language. You want a lawyer who can clearly explain all the legal documents related to your mortgage and purchase transaction in simple language you can understand.

When you are buying a home, finding professionals who work in your best interest is an important part of the process. Applying for proper Islamic loans free from Riba will give you added peace of mind.

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