Posted by: islamicfinancingnews | November 28, 2013

Top reasons to buy a home this year

You may know you’re going to get Islamic mortgages to handle the finances behind any real estate purchase, but any purchase as big as a home is necessarily going to make you a little uneasy. Even though you want to get Islamic loans to cover you and keep you safe from riba, you might still get cold feet when it comes to actually buying a home. Here’s a few reasons that this is a good time to take the plunge and get involved.

  1. There’s lots to choose from. It literally takes months to sell in many places and that’s created a backlog of prime homes on the market, more buying a homethan likely even where you live. The chances are you can have your pick of existing, new, or even foreclosed homes.
  2. Homes Are Affordable. The National Association of Realtors did a recent study and found that homes were more affordable now than at any other time since 1970. The affordability index the group uses measures home prices, family income and mortgage interest rates.

Add to the other reasons you can get Islamic mortgages that will keep you Sharia compliant in both the United States and Canada and the choice is made easier about entering the real estate market.


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