Home Loan Mortgage Counsellor Certifications

Before applying for home loan, one should consult professionals who can help with responsibility and credibility. If you are planning to buy a house in India, find a certified mortgage counsellor with your property queries. They should advise you on financial implications of taking a housing loan, eligibility criteria, documentation requirements and cheap loan rates from various banks and conditions thereof. You may have to pay a fee for their service depending on size of property deal.

Many banks and housing finance companies are planning to set-up up a platform called to set general standards for lending and customer service with help of National Housing Bank (www.nhb.org.in) in India. Counselling by certified independent mortgage counsellors should inject fairness and transparency in housing finance advisory business. Considering global housing issues, such an organisation should be regulated property.

NHB is preparing course module along with the Indian Institute of Banking & Finance (www.iibf.org.in) to conduct online examinations for eligibility and Indian Mortgage Lenders Forum will provide the accreditation. Graduates with a 2 years of experience in finance can apply to become a Certified Independent Mortgage Counsellor (CIMC). Chartered accountants, cost accountants, MBAs, chartered financial advisers, individual insurance agents with IRDA accreditation, retired bankers and insurance professionals can also apply after clearing the eligibility test.