Did you inherit a house? The feeling can be amazing, but the financial decisions and responsibilities that come with it can quickly feel overwhelming, especially because the property was passed down to you by a loved one. Why not consider refinancing it? It could lower your monthly mortgage payments, or you could make necessary repairs […]
Selling a house can be a daunting task, especially if you still have an outstanding mortgage. Many homeowners find themselves in this situation, wondering if they can sell their property without fully paying off their mortgage. The good news is that you can indeed sell a house with a mortgage. This blog will explore the […]
Yes, property taxes may be included in your monthly mortgage payments if required by your lender in your mortgage agreement. It can be an opportunity to pay property taxes in small amounts every month instead of a large sum annually or semi-annually. As part of this arrangement, you pay one-twelfth of the annual property tax […]
Are you looking for a way to build wealth and diversify your portfolio? Start investing in commercial real estate now! Real estate investment trusts and crowdfunding have streamlined the investment procedure, but many investors want direct ownership of their investment properties, and buying stocks may be simpler than investing. To invest in commercial real estate, […]
An FHA commercial loan is a mortgage loan insured by the Federal Housing Administration (FHA) and used to finance a commercial property. Only an FHA-approved lender or bank can grant it to first-time homebuyers. Residential Multifamily Loans You can use residential multifamily loans to fund the acquisition or refinance of residential properties with two or […]
Purchasing a home is a major milestone, and first-time homebuyer programs are designed to make the process a little easier for those stepping into homeownership for the first time. But what if you’ve owned a home in the past or are currently a homeowner? Is it possible to qualify as a first-time homebuyer again? The […]
FHA loans are designed to help homebuyers who might struggle with a large down payment or less-than-perfect credit scores. While these loans are commonly associated with traditional homes, they also cater to borrowers seeking affordable alternatives like manufactured or modular homes. However, these types of homes come with their own set of requirements to qualify […]
Enjoy low down payment and relatively flexible credit requirements with FHA loans. Buying a home in California can be a significant milestone, and for many, securing the right loan is a big part of that journey. One option worth considering is the FHA (Federal Housing Administration) loan, a popular choice among first-time homebuyers for its […]
In our previous post, we introduced the basics of halal mortgages. If you missed it, here’s a quick recap. “Halal” means permissible in Islam, and halal loans are structured according to Islamic principles—most notably, they don’t charge any interest (they’re riba-free). There are three common types of halal loans in the U.S.—Musharakah, Ijarah, and Murabaha. […]
Prospective homebuyers from the Islamic community looking to buy their first home often encounter the term “Halal Home Loan” when exploring financing options. What is a halal mortgage home loan? What does it entail? It goes without saying that navigating the journey toward homeownership may seem daunting, particularly when your faith determines specific financial guidelines. […]