Search results
-
E
UIF vs Guidance VS Other and pricing method?
@silverblack59 The profits go to the company making the loan. You keep the equity/principal. But keep in mind that on month 1 you are paying LOTS more into the profit than into the equity/principal. And that balance gradually shift over the life of the loan.- earthquakes
- Post #15
- Forum: Islamic Finance
-
E
UIF vs Guidance VS Other and pricing method?
@sbmor777 Yes, absolutely. If I recall correctly, my best conventional was .625 lower than Guidance. With my guidance rep pushing to get me a lower rate and me paying about ~$2,500 to buy down points, I closed at .375 less than original quote. This was more expensive than conventional, but I...- earthquakes
- Post #8
- Forum: Islamic Finance
-
E
UIF vs Guidance VS Other and pricing method?
@gigis Salaam IcyEagleMC, I am in Austin, TX and bought a home financed with Guidance Residential in 2022. The three main ones that are considered more/most halal are Guidance, UIF and Devon, if I am not mistaken. What makes it Halal is the way the contract is set up. There are a good amount of...- earthquakes
- Post #6
- Forum: Islamic Finance