How are my rate and monthly payment determined? – IjaraCDC

Applies to: United States and Canada.

Your rate and monthly-payment quote depend on your profile, the applicable investor program and current terms. For US programs, Ijara does not mark up the investor's rate. An individual quote requires enough information to assess your application; there is no single rate or payment that applies to every customer.

Primary-home and investment-property programs can have different pricing. Some programs offer fixed or variable options. Ask which options are available for your country and proposed transaction, and have the terms confirmed in your quote.

How should I compare quotes?

Ask for the same information for each option:

The rate and whether it is fixed or variable.
How long any fixed period lasts and whether the rate can change.
The payment amount and what it includes.
The term and closing costs.

If another provider's quoted rate is different, ask the team to compare the actual terms and costs with you. Start with the application so the team can assess the relevant program and provide a quote for your circumstances.