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I can't be bothered to explain all the options (you can look them up), I'll give an example.
I'm not a muslim but a schoolfriend was a muslim mortgage broker working on commision, we got a murabaha mortgage (& on self certified income) whereby the bank bought the house & then sold it back at an increased price, the market price rose much faster & to higher than their mark-up.
Perfect in a rising market.
There are other interest free types where you technically co-own, gradually buyout the bank's share but share the profit/loss on the value.
Jews have similar mortgage arrangements where they don't pay interest, but I don't know so much about them, although I did read into it once & it makes sense why they are also slumlords.
I doubt you could be refused one of these even if you're a hillbilly, that would be religious discrimination.
You're welcome.
I'm not a muslim but a schoolfriend was a muslim mortgage broker working on commision, we got a murabaha mortgage (& on self certified income) whereby the bank bought the house & then sold it back at an increased price, the market price rose much faster & to higher than their mark-up.
Perfect in a rising market.
There are other interest free types where you technically co-own, gradually buyout the bank's share but share the profit/loss on the value.
Jews have similar mortgage arrangements where they don't pay interest, but I don't know so much about them, although I did read into it once & it makes sense why they are also slumlords.
I doubt you could be refused one of these even if you're a hillbilly, that would be religious discrimination.
You're welcome.