Mortgage For Bad Credit Islamic finance firms offer mortgage alternative (The Monterey County Herald) by Mortgage

Fri, 03 Oct 2008 07:00:03 -0600

Mortgage For Bad Credit Islamic finance firms offer mortgage alternative (The Monterey County Herald)

by Mortgage @ Fri, 03 Oct 2008 07:00:03 -0600

WASHINGTON — The industry may be in meltdown, but at least one class of lender appears to be flourishing: Islamic finance companies that offer Muslim home buyers alternative arrangements such as lease-to-own deals so they can avoid making the sort of interest payments that many believe the Many people dream of owning their own homes but only very few are able to pay cash for them. This is why FHA mortgages are one of the popular methods to find a source for consumer credit. People who could not otherwise afford to own a house become homeowners with the help of FHA mortgage insurance programs.


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