Posted by: islamicfinancingnews | June 12, 2015

Sharia compliant mortgages and planning for that new house

In all the excitement of getting sharia compliant mortgages and the green light to start looking for a house of your own, you might forget that what you’re really getting involved with is a product that’s actually a very serious set of sharia investments at the same time. That said, you need to be aware that you’re making some choices that will affect your life for many years to come.

That means you should take the time to choose your sharia compliant mortgages and house with the same due diligence. Here’s a few thoughts on making sure you pick the right house.

Look for a place that’s the right size. You used due diligence when selecting sharia compliant mortgages and you need to do the same when looking for a house. Here, it’s best to look forward at least a little and try to foresee where you’ll be in a few years. For example, if you plan on having a family and don’t have any children just yet, it’s good to buy a home with some extra room you’ll need in the future. Remember that works in the other direction too. If your children are planning leaving soon, you’ll need a smaller home and that can be reflected in your sharia compliant mortgages choices.

 


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