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Three Factors to determine if you are eligible to secure real estate financing

Real estate investment often implies investing in fixed assets such as buildings, land etc. It is a kind of profit making business having a high chance for making good money. For more details, visit on http://technologynewsupdate.tumblr.com/post/146600476672/three-factors-to-find-if-you-are-eligible-to

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Three Factors to determine if you are eligible to secure real estate financing

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  1. Three Factors to determine if you are eligible to secure real estate financing

  2. Content • Introduction • Credit Worthiness • Property Location • Risk Factor

  3. Introduction Real estate investment often implies investing in fixed assets such as buildings, land etc. It is a kind of profit making business having a high chance for making good money. But investment must be undertaken only when you have thorough knowledge of that particular business and mastering the tricks of the trade.

  4. Credit Worthiness If you are applying for a financing, then the very first thing asked from the lender is that your credit worthiness. Also lender will check your income and verify whether you have already obtained a loan and servicing it properly. In case, if you are not properly repaying a loan then he will be reluctant to offer you another one.

  5. Property Location The next thing your lender will look before offering a loan is the property location in which you are looking to invest. If you invest in a property that has high market value then you are going to get more profit and you are able to pay the loan in a given period of time. On the other side, if the property has less market value, it will put you in a fix and you will not be able to service your loan properly.

  6. Risk Factor In real estate financing the lender will offer you a loan based on the repayable capacity. As a real estate investor you must assure the lender that no bad thing will happen in financing loan to your property. In order to provide assurance you can give him your previous debt servicing record.

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