Posted by: islamicfinancingnews | March 16, 2014

Some great reasons to use Islamic home loans to buy a home this year

You can use islamic home loans to buy that dream home anytime you want after you get approved, but there are a few very good reasons why this is a great year to apply for islamic mortgage loans. Following is a list that might make all the difference if you’re undecided.

  1. The National Association of Realtors recently stated that homes were more affordable this past December than at any other time since they started putting together statistics in 1970. This is a great time to take the plunge because prices can only go up and if you can get into the market  now, your equity will grow quickly.
  2. There’s a big inventory. Foreclosures are still flooding the market and it takes several months to a full year to sell a home. That means there’s lots to choose from in many markets and sellers who are anxious to sell and move on. More inventory means prices drop and that’s good news if you’re looking to get into the market.

Remember, mortgage rates are still historically low and that’s another great reason to grab the brass ring, get involved with Islamic home loans and look at becoming a homeowner in 2014.

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