Are you looking for a fruitful investment? There is nothing better than a real estate purchase. This is a promising venture and the prices are constantly rising. So, you should also try to invest in a good house. Moreover, an additional property will add to your assets and increase your wealth. This kind of additional security is always welcome regardless of how wealthy you are. But owning a house can be a little challenging because of the lump sum price that you have to pay right away. But worry not! Now you don’t have to make this payment straight away at one time but you can make part payments in several attempts with the help of home loan programs. There are several home loans available in the market which you can avail to make a real estate investment. If you think that the traditional home loan programs are quite strict about their approval, then you can go for the government backed loan programs too which are more flexible.
So, are you thinking of opting for home loans? Regardless of the loan amount you are taking, you should keep certain things in mind. The process of application also requires you to do certain things. It is essential that you check a few things before going ahead with financing your house. Here, we have put together a few of them. Take a look.
- The Loan Qualifiers
There are several eligibility factors respective to every kind of home buyer program. You need to choose the loan program according to your priorities and budget. But you should keep in mind the different eligibility factors that these loan programs entail. For instance, the FHA loans for bad credit require a certain level of credit score in order to get approval for the loan. You should have a credit score of 580 or more if you want to seek the loan approval with a down payment of 3.5% and a score between 500 and 579 can avail the loan too but you need to make a down payment of 10%. Or even for the VA loans, you need to be a member of the US Military or a family member of the veteran in order to get the loan facility. So, ensure if you are eligible for the loans or not.
- The Interest Rates
Next, you must understand that every loan program must have a particular interest rate. Being home loan aspirants, you need to make sure that the rate of interest you are applying for the loan program is feasible for your pockets. Generally, it is better that you compare the interests before taking a decision. If you want to seek the best interest rates in Houston, you can also resort to a home loan lending site. These sites not just have home loan specialists who guide you with the loan program but also help you with the interest rates. Sometimes, these can set up Realtor-Loan Officer partnerships so that you can obtain good interest rates than other competitors instead of wasting your time on searching for other banks or dealers.
So, take these down when you look for the right home buyer program and go ahead with your future real estate investments. Author Bio: Joan Gallardo, a Senior Loan Officer, with more than 18 years of experience, here writes on 2 things to check while applying for the VA or the FHA loans for bad credit. Follow his blogs to find the best interest rates in Houston.
What are the best real estate courses available in India?
Education affects our lives in uncountable ways. It helps in shaping our personalities and achieving what we want. Education and great guidance can only heighten the skills we thought we never had.
If it was according to our parents, the initial decision we had to make regarding education were only limited to the point we were in high school. But that’s usually not the case. What you chose after you are done with your high school can leave a longer impact in your life than one can imagine. Even after you are completed with your graduation, there is a chance you still want to pursue your education. With the amount of competition there is nowadays, most of us either want to or at least think of pursuing a master’s or an MBA degree.
For individuals who have done graduation in architecture or civil engineering, have an opportunity to enroll themselves for real estate course in Mumbai. There may be a lot of institutes that provide real estate courses in India, but RICS School Built of Environment is the only real estate institutes in India that provide RICS accredited degree. The institute has designed the curriculum in a way which aims at imparting decision making and leadership competencies to aspiring real estate and urban infrastructure professionals. Moreover, it has a balanced mix of managerial and technical competencies.
Below is the brief of their curriculum:
|First Semester||Second Semester|
|Introduction to Real Estate Sector||Land and Regulatory Framework for Real Estate|
|Real Estate Market Dynamics||Valuation for Real Estate|
|Statistics & Big Data for Real Estate||Facilities Management – I|
|Computer Application for Real Estate Sector– I||Sustainability and Property Development Process|
|Management Science for Built Environment Sector||Advanced Marketing Management in Real Estate|
|Accounting for Built Environment Sector||Financial Management for Built Environment|
|Business Communication for Built Environment – I||Human Resource Management in Real Estate|
|Behavioural Aspects for Built Environment – I||Business Communication for Built Environment – II|
|Foreign Language 1||Behavioural Aspects for Built Environment – II|
|Foreign Language 2|
|Third Semester||Fourth Semester|
|Mortgage & Capital Markets||Project & Stakeholder Management|
|Marketing Communication for Built Environment Sector||Computer Applications for Real Estate – II|
|Facilities Management in Built Environment||Real Estate Case studies|
|Corporate Law and Taxation in Real Estate||Customer Relationship Management for Real Estate|
|Strategic Management & Entrepreneurship for Built Environment||Corporate Real Estate Asset Management|
|Business Communication for Built Environment – III||Professional Writing for Built Environment|
|Behavioural Aspects for Built Environment – III||Ethics and Leadership for Built Environment|
|Internship NTCC Evaluation||Foreign Language 4|
|Foreign Language 3||NA|
Now that you have looked at the brief of the curriculum, you might be eager to apply in RICS SBE for real estate course. However, before that, you should know the eligibility criteria. If you have min 50% marks in Graduation with a min score of MAT – 500/GMAT – 500 / CMAT – 150 Or percentile in CAT/XAT – 75 / NMAT – 60, then only you are eligible. The other option to get into RICS SBE is amity written test on the day of the interview. If you have any query related to the course, you can visit their site; all the information is available there.