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Can I refinance into a Murabaha? Can I refinance out of a Murabaha?

April 26, 2017murabaha Refinance

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Can I refinance into a Murabaha? Can I refinance out of a Murabaha?

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If you are the owner of your property, with no partners, you are not able to use our Murabaha program to replace an existing mortgage. You will only be able to apply our Murabaha program if you are not the majority owner of a property; you may apply our Murabaha program if there is another entity on title to the home currently, which entity will not be on title after replacing that financing through our Murabaha program. You are allowed to refinance out of our Murabaha program at any time you wish.We do not have a pre-payment penalty.