Posted by: islamicfinancingnews | June 9, 2014

Some great reasons to buy a home with islamic mortgage financing

When you ask most people why they want to buy their first home with Islamic home financing they might come back with a variety of different reasons that includes being able to sit in the backyard and having some room of their own. However, there are some other solid financial reasons why buying a home with Islamic mortgage financing is an excellent investment in your future and these include:

• The appreciation in value real estate holds. Although real estate moves up and down in cycles and you’ll find over the course of a mortgage that your house price does the same, almost every financial expert will tell you that buying real estate is still one of the safest investments you can make.
• Equity: Each mortgage payment you make means that you own more of your home and the bank owns less of it. That, in a nutshell, is what is called equity and the more you pay off on your existing mortgage the more of it you have.
• Deductions. Home owners are privy to a variety of different deductions including some great write-offs if you operate a home business.

Islamic home financing is the perfect way for practicing Muslims to break into the real estate market since the product is Sharia compliant.



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