LOGBOOK: Project 8

Description

Logbook Project 8:  Financing Options for Purchasers  (Logbook page 55)

• • Project 8: Prepare a presentation on differing financing options. The intern estate agent is required to prepare a presentation in which the financing options available to a potential seller, buyer, lessor and lessee are explained.In preparing for the presentation the intern estate agent should: 
    •Carefully research the different financing options that are offered by each of the various financial institutions;
    •Design a checklist of the information that the banks would generally require of a purchaser as well as the obligations imposed on financial institutions by the national credit act in providing mortgage financing;
    •Provide an explanation of what a mortgage bond entails including the types of immovable property that are classified as good security, properties that are classified as risks and are, accordingly, not accepted as constituting good security, lenders that might pose a risk to the financial institution and the circumstances when collateral security is required;
    •Deal with the costs that will be incurred by sellers, purchasers, lessors and lessees; and provide actual examples of the calculation of mortgage bond repayments.

We offer you the Index, Guide and an Example on how to answer this assignment, stretching over 7 pages.

Follow the guidance on how the questions should be answered. You will be able to do so in the required manner with mandatory points included in your assignment.

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