Posted by: islamicfinancingnews | May 11, 2014

Don’t let these issues get involved with your Islamic home financing

Although there are indications real estate markets are recovering, banks are becoming increasingly cautious about lending money for more traditional Western loans as well as Islamic home financing.

That means you need to be more thorough than ever when applying for Islamic mortgage financing and you should be careful to avoid these mistakes which could online home for saleruin your chances of getting Islamic mortgage financing.

1. Don’t buy any big-ticket items before the paperwork is complete. Some people think once the mortgage is underway, the deal is finished, but that’s not the case. It’s the worst possible time to buy a new car while waiting for approval on your Islamic home financing. A little patience goes a long way.
2. It’s not a good time to change jobs either. Institutions are looking for anything that would put up a red flag against your ability to repay the loan in a timely manner.

Waiting for the deal to close on islamic home financing is the time to adopt a steady as she goes attitude. You’ll be able to make big changes in your lifestyle after the mortgage is approved.

 

 

 

 

 

 

 

 


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