Residential Conversion Application — Canada

Apply to convert your existing Canadian mortgage to a Sharia-compliant Ijara™ lease-to-own arrangement.

Borrower(Required)

First Middle Last

Address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Date of Birth

SSN

Phone Number

Please enter your Home Phone Number(Required)

Please enter your Alternate Phone Number

Email Address(Required)

Do you have a co-borrower?

YES

Co-Borrower

First Middle Last

Address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

SSN

Date of Birth

Phone Number

Please enter your Home Phone Number

Please enter your Alternate Phone Number

Email Address

Property Address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Current Lender

Next Payment Date

LOAN DETAILS - Loan 1

Purchase Price

Down Payment

Loan Amount

Rate

Term of Loan

Current Monthly Payment

Taxes

Insurance

Mortgage Renewal Date

Payment Frequency

Total Payment

Loan Number

Ijara Representative

If other, please enter the name of the representative

Ijara™ Fee Agreement

I, ______, hereafter referred to as “applicant(s)”, have requested to apply for a residential mortgage conversion from a participating lender utilizing the Ijara™ Lease to Own program, a Sharia Compliant transaction.

Applicant(s) acknowledges and agrees to the following:
1. The monthly administration fee for Ijara™ transaction is $20 (monthly) is added to your monthly payment.

2. There is a one-time Sharia Structuring fee which is non-refundable once the Conversion package has been sent out.

3. You must have a checking account or savings account that can be utilized by the Trust (before closing is scheduled) that can be electronically debited on a monthly basis via EFT transaction 15 days prior to your due date.

4. The (new account) Trust Account can only be used specifically for utilization of monthly rent payments. For instances that the Investor will request for additional information, we will only be able to provide the (new account) Trust Account information as well as the voided cheques.

By signing below, the applicant acknowledges receipt of a copy of this signed Agreement.

Name(Required)

Borrower's Signature (type your full legal name)(Required)

Typing your full legal name here serves as your electronic signature.

Date signed:

Filled in automatically with today’s date.

Co-Borrower Signature (type your full legal name)(Required)

Typing your full legal name here serves as your electronic signature.

Date signed:

Filled in automatically with today’s date.

If you have more questions in mind, feel free to contact us at

1-877-864-5272 Option 3 (Canada Dept.)

_________________________________________

Our mailing address is:

ijara Community Development Corp

2531 Jackson Avenue Ste331, Ann Arbor, MI 48103

Toll Free: 1-877-864-5272

Email: info@ijaracdc.com

www.ijaracdc.com