FAQ 1: What is the difference between Guidance's Islamic home financing program and a home loan?

What is the difference between Guidance's sharia compliant home financing program and a mortgage loan?

Guidance's program is not a loan. Money lending is a charitable act in which charging interest is prohibited.

Lending money to profit from the financing of real estate is not a legitimate form of commerce.

Islam promotes equity based agreements and generates profit from the sale of real goods and services.

Guidance's program is based on musharakah (diminishing partnership).

The...

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From: Guidance Residential

Related topics : home equity loan mortgage difference

Canadian Mortgage Payment Calculator & Amortization Calculator

This mortgage payment calculator is an iPhone/iPod Application designed for Canadians to calculate mortgage payments, mortgage amount, is an amortization calculator and much more. http://www.home-equity-loan-strategies.com

Using iMortgageCalculator.ca, we compare 2 different interest rates and review the mortgage payments & end of term balance to determine if there is benefit to pay out a mortgage early and renew into a new term:...

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From: Steve Crews

Related topics : loan payment calculator mortgage / home equity loan payment calculator / calculating loan payments / home equity loan rates calculator

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How To Refinance Second Mortgage - Low Rates On Loan Interest

It's Not Easy To Refinance A Second Mortgage When You Have A Home Equity Loan Or Line Of Credit. Here Are The Options To Refinance Your Second Mortgage With Affordable Prices To Lower Interest Cost! Apply Online Today! Visit Now http://www.mortgagrefinance101.com/second-mortgage-refinance.php

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Alaska(AK),Alabama(AL), Arkansas(AR), Arizona(AZ), California(CA), Colorado(CO),Connecticut(CT), Washington(WA), Delaware(DE), Florida(FL),Georgia(GA), Hawaii(HI), Lowe(LA),...

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From: MortgageRefinance101

Related topics : refinance mortgage home equity loan / new north carolina homes

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