Homes Financing Proposal

a minute read

A homes’ financing proposal is used to seek loans from financing companies in order to fund the buying of a home or homes. The price of homes is usually a big amount and most people find it difficult to finance a home by themselves as they cannot afford such huge lump sum amount. Therefore, they approach financing companies like banks to borrow a part of the asking price amount which they will return over a fixed period of time, usually 15 to 30 years, and must also pay an interest along with the principal amount. The homes financing proposal must mention details of the property, the amount required, how that amount will be used, when it will be returned and how it wil be returned.

Sample Homes Financing Proposal:

Name of borrower: Nathan Giles

Address: 43 Rivendale, Ohio

Proposal prepared on: February 12, 2012

Proposal submitted to: Brick Road Financing Services

Proposal submitted on: February 14, 2012

Address of property: 32 Rivana Farm, Oakland

Proposal name: Seeking financing for home located at address mentioned above

Purpose: The primary purpose of creating this proposal is to give details of the property to be bought and show the need of financing for buying the home

Details of Homes Financing Proposal:

  • The borrower has good credit scores and ensures that the loan money will be paid every month depending on the interest rate and amount fixed by the financing company
  • The property will be developed by Green Leaf Real Estate Services and construction will start from March 1, 2012

Project budget: $200,000

Funds requested: $100,000

Facebook Twitter LinkedIn Whatsapp Pocket

Related Posts:

A real estate financing proposal is a document presented in order to get loans and grants for buying real estate properties. Real estate includes land or any building structure on top of it which is bought by one either through his own money or by taking a loa...
A bakery business proposal is a proposal which takes into account all the necessary details of a bakery business. All areas of consideration are addressed and all plans clearly outlined so that the bakery business proposal proves to be a valuable document. The...
Retail business proposal helps an individual to outline his objectives and plans related to his business. Inorder to make the proposal valuable to the potential customers and clients, this kind of proposals must define the goals, problems etc with clarity. P...
A music event proposal is written by an event organising committee in lieu to gain sponsorship for a musical event. The layout and order the proposal is extremely important to draw the attention of the prospective sponsors. Editable Sponsorship Proposal Temp...
A product design proposal is an official document of a company or organization, which is issued when it proposes to design a product for any other company or organization. The proposal should include the kind of designing services that the company offers and a...
Construction project proposal is presented by any construction organization proposing their need for any construction project work. Such proposals must enunciate the important points efficiently so that the intended audience could get a clear idea of the ongoi...