Mortgage Financing

Mortgage lending is the primary mechanism used in many countries to finance private ownership of residential and commercial property. Development of real estate sector has now become evident in many towns and cities in Tanzania. However, the use of mortgage loans for developing private homes or commercial property is not popular to many banks and their customers. It is the objective of this course to introduce the use of this facility and give more skill to staff of practicing banks and other financing companies in Tanzania that are engaged in mortgage loans.

The aim of the course is to ensure smooth handling of housing loans by banks and other stakeholders as well as preventing any negative economic impact resulting from the loans. The programme will offer participants a hands on experience based on exercises and case studies.

What You Will Learn

Overview of Housing Finance
Marketing
Legal Basis
Introduction to Mortgage and Terminologies
Construction Lending
Origination
Underwriting & Loan Servicing
Commercial Real Estate
Loan Approval and Closing
Valuation of Real Estate
Mortgage Mathematics and Mortgage Servicing
Foreclosure
Ethics and Fraud
Conclusions

Who are to Attend

Credit Officers
Staff from Pension Funds i.e. Investment Officers
Staff from National Housing or any Housing Scheme
Other Housing Market Stakeholders
Any other Individuals with interest in Mortgage Financing.

Dates:

26th – 30th March 2012 - DSM
26th – 30th November 2012 - DSM

Facilitators: Bank of Tanzania Training Institute in collaboration with T-Mortgage Limited

Venue: Bank of Tanzania, Dar-es-Salaam