ADVANTAGES OF OUR DECLINING BALANCE CO-OWNERSHIP PROGRAM

Higher Financing Amounts Now Available
We are pleased to offer financing amounts of up to $1.25 million per home for qualified applicants. Now, more than ever, we can meet your needs with greater financing towards your next home purchase or conventional mortgage replacement.

Sharia Compliance
Our Declining Balance Co-ownership Program has undergone rigorous review by our Sharia Supervisory Board. Our Sharia Board, an independent body, comprises some of the world’s leading experts in the Islamic law of financial transactions. As a result, you are assured that our Program is in total compliance.

A fatwa issued by our Sharia Board certifies the Sharia compliance of our products.

Competitive Pricing
Guidance determines the price of the Declining Balance Co-ownership Program using a fixed payment scheme that is competitive with conventional forms of home financing. As determined by the independent Sharia Supervisory Board, Islamic law permits using the conventional market as a benchmark.

Flexible Terms
Our co-ownership contracts are available for terms of 15, 20 and 30 years.

Equity Cash-out in Replacement of Existing Mortgage
The Declining Balance Co-ownership Program can also be used to replace an existing conventional mortgage. For qualified homeowners, we can provide a replacement contract up to 95 percent of the appraised value of your home. As an added benefit, this may allow you to cash out equity for home improvement, college tuition, and other worthwhile purposes.

Non-recourse Contract
The Declining Balance Co-ownership Program has a non-recourse commitment, meaning that in the event of default by the consumer Guidance Residential does not have recourse against the consumer's assets. The consumer is only at risk for his equity position in the property.

No Prepayment Penalty
There is no pre-payment penalty in our product. If you make advance payments, your ownership will increase more rapidly and you will shorten the remaining term of the contract

No Waiting Time
Our process is simple and typically can be completed in less than 30 days. Once you are approved, we will finance the contract for home purchase or mortgage replacement immediately.