The Halal Inc Difference
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Article
The Halal Inc Difference
Not sure what sets us apart from all the rest? Below are just a few of the advantages of our 100% debt-free, riba-free program.
| Feature | Halal Inc | Bank Loan | Other Programs |
|---|---|---|---|
| Debt | 100% Debt-free | Debt is owed | Debt is owed |
| Lien | No Lien | Lien placed against property | Lien placed against property |
| Freddie Mac | No Loan = No Freddie Mac | Loans coordinated with Freddie Mac | Loans coordinated with Freddie Mac |
| Mortgage | No Mortgage Paperwork | Mortgage paperwork signed | Mortgage paperwork signed |
| PMI | No Private Mortgage Insurance | PMI required if <20% down | PMI required if <20% down |
| Foreclosure | Wholly Owned = No Foreclosure | Home can be foreclosed | Home can be foreclosed |
| Obligation | No Obligation to Buy or Rent | Obligation to repay regardless of value | Obligation to repay regardless of value |
| Expenses | All Expenses Shared | No expenses shared | No expenses shared |
| Profit & Loss | Shared as partners | No sharing - it's a loan | No sharing - it's a loan |
| Credit Check | Credit Score Unimportant | Terms based on credit score | Terms based on credit score |
| Rental | Standard Rental Contract | Loan amortization (principal + interest) | Interest renamed "Rental" |