Posted by: islamicfinancingnews | October 1, 2013

Islamic loans and mortgage options

Kita-Disyorkan-Memilih-Islamic-LoanSome people who get Islamic loans are so grateful to have a product that will keep them Sharia compliant and away from riba, they don’t even stop to consider some of the other options you have when you get a mortgage. Here’s a brief list of the advantages you’ll get with one of these products.

  • Equity. Once you enter the home market, you get leverage to move around and take the money you’ve earned with you to a new and better home as time goes by. The concept is called equity and the longer you stay in one place, the more you get. You can even use equity in some circumstances to get money for the things you couldn’t otherwise afford like a university education.
  • Having Islamic mortgages allows you to apply for other types of credit as well. Having a mortgage allows you to even get more money for a car loan in some instances and to access other kinds of cash that might not be available if you didn’t have one.

Islamic loans are for buying a home to raise a family, but there are other advantages to having one of these products. Getting involved in the real estate game opens doors.

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