Pros and Cons of Reverse-Mortgage - Dreamz Infra Tips

Before knowing the pros and cons of reverse-mortgage, let us understand what reverse-mortgage is, and how it is calculated.

What is reverse-mortgage?

Reverse mortgage is a type of mortgage in which homeowners can borrow money against the value their home for which no repayment of the mortgage (principal or interest) is requisite until and unless the borrowers want to sell their home or deceases.

How reverse-mortgage is calculated?

After, analyzing the initial mortgage amount, the rate of interest that accumulates, the period of the loan and rate of value of the home, the reverse-mortgage is planned so that the loan amount will not be more than the value of the home during the life of the loan. 

Before lending, the lender will check whether any other liens against the home exist and in case any exists, the borrower should pay-off from the takings for the reverse mortgage.

The chief benefit of reverse mortgages is not alike the conventional mortgage payment and this type of mortgage also allows the borrowers to still own and live in their house.

Pros of Reverse Mortgage:

Low threats for nonpayment - In reverse mortgage, there is no option for payment of loan until the borrower leaves the home (but should pay taxes, maintenance cost, and insurance on their home) and need to be worried for taking home away for non-payment, which happens in the home equity loan. If the borrower stays in a different house for a longer-time than mentioned in the loan agreement, then the borrower is subject to foreclosure. The reverse-mortgage lenders will not check about other assets and income of the borrower.

No Hitch – While the repayment of reverse mortgage, the borrower will never pay more than their property value, though if the reverse mortgage lender has paid more than the value of the house. This is also a beneficial pro, when the home price drops and the borrower had secured reverse mortgage.

No Tax – Since, reverse mortgage is a loan; it is generally tax-free, irrespective of however it is received, either as whole amount or fixed sum.

No Constraints – In reverse mortgage, there is no restriction in how the borrower uses the money or any guidelines that says it should be used for specific reason.

Flexible Payment Options – Depending on the type of reverse mortgage the borrower choose and receives amount in the form of whole amount, fixed sum, credit-line, or combining some forms of the above together, the borrower can pay accordingly.

Ownership – With reverse mortgage, the borrower can retain the ownership and live in the same house but should pay the insurance, maintenance cost, property taxes and any such required.

Permanent Place to live – With reverse mortgage, the borrower can stay in a house as long as they want and when they safeguard the reverse mortgage.

Cons of Reverse Mortgage:

Watch out if you (borrower) are entitled for low-income aid – Make sure that your low income assistance is not eliminated from reverse mortgage.

If you are relocating – Make sure, if you choose for a reverse mortgage you stay in the same house for long time as you will be subject for foreclosure if you stay in any other place for longer period as mentioned in loan agreement.

Assess your inheritance and your heirs – The borrower will have the option to pass the reverse mortgage to heirs who can keep the home and continue the reverse mortgage or pay-off and keep the home.

Dreamz infra reviews work and achievements for the year 2013

Dreamz infra is a famed real estate company in Bangalore. Their main vision is to provide affordable homes to people residing in and around Bangalore. Dreamz Infra always stands for innovation. They offer good quality houses at reasonable price. The year 2013 was a happy year for Dreamz. They had organized home fair to help the individuals to know about their projects. Many home buyers visited the home fair and choosed their dream home at their preferred location. Many people across Bangalore participated in the home fair and more than 500 flats were sold out. They also offered special discounts, freebies and lucky draw during the time of booking of the flats.

Dreamz were not only into business deals but also participated in other activities. January 2^nd 2013 they had organized an annual day in which many activities and competitions where held. All the employees of Dreamz Infra actively participated by show casing their talents. Best performance award and cash price was given to the employees. Each department gave presentation about their work profile.

Dreamz Infra had organized cricket league in 2013. Each employees from different department participated in the cricket league and also best team won the award. Dreamz Infra has a team was a part of social activities like they helped the poor children’s by providing books, food etc. They also spent time with them by organizing games, having fun with them etc.

In 2013 Dreamz infra inaugurated Dreamz OM apartment. The ceremony was very good. The entire flat owner received their flat keys with their family members and was a part of the inauguration. On 20^th January 2013 Dreamz Infra celebrated the Bhoomi pooja of Dreamz Saakar project.

In the month of November 2013 Dreamz infra celebrated Kannada Rajyotsava. There was a rally in which all the employees of Dreamz participated and the CD “MATHADI KANNADA” was given to the people to learn and speak Kannada.

Dreamz Infra is the only builder who is offering flats less than market price. The buyers who ever have purchased flats from Dreamz are happily residing in their dream home. The Amenities and the facilities provided in Dreamz flats are outstanding. The service given by them from the purchase of flat till the finishing is very good. They any time resolve your query without hesitating. Many existing customers came and shared their reviews about Dreamz Infra. They gave the possession on the given time. They used to intimate the buyers if there was any changes made.

People who are planning to purchase a flat, 2014 are the best time. As Dreamz Infra is coming up with more new projects at preferred locations. So it’s time to grab the opportunity to have a dream home at the affordable cost. 2014 will the best year for the home buyers.

Dreamz always gave their best to their customers. They never disappointed their customers, they always well treated them. Dreamz main motto is to see all the individuals to own their dream home. Dreamz Infra is the best builder to have a home of your choice.

Dreamz Infra : The Most Ideal Property Destination

Are you currently looking for a flat in Bangalore, but are the high prices proving to be an obstacle? Then, you haven’t come across Dreamz Infra, the premier real estate firm with presence in more than fifty locations and options for all categories of buyers.  Dreamz Infra is the other name for affordability with an impressive price range and exceptional benefits.

Ease of Documentation

Dreamz Infra takes every step to ensure that all properties have verified documents and are easy to understand. What Dreamz guarantees is hassle-free and crystal clear documentation. In addition, the expert CRM team at Dreamz is there to offer anytime assistance.

Complete Home Loan Assistance

Dreamz Infra ensures financial problems don’t prevent their customers from acquiring their dream properties. Dreamz buyers could avail upto 100% loan and there are several premier lenders to choose from. With fast procedures, customers could get discounts on processing fees.

Continued Assistance

Dreamz Infra offers extended offers to the buyers, which continue years after the purchase. Any issues related to Dreamz properties are immediately taken care of, be it finding tenants or reselling the house. Not only this, with five years of assured warranty, all the electrical, plumbing and similar works are taken care of; an exclusive offer from Dreamz.

Vaastu and Interior Consultancy Free of Cost

Dreamz enables long sessions with Vaastu and interior experts for a great home. Vaastu has been practiced in India since ages and are found to bring great results. Effective interiors make your dream home much more beautiful.

Why Bangalore Is the Favorite Real Estate Destination?

The growth in real estate sector has gone beyond expectations, especially in niche areas like logistics & education hubs, budget homes, health care and amusement parks, points out a recent report by FICCI- Ernst & Young and released by S.V Ranganath, Chief Secretary.

The report says, the large-scale growth in these areas happened after the year 2000. Until then, people didn't go beyond the basics of housing or commercial aspects. However, with increased interest on sectors like healthcare, transit-oriented real estate, senior housing, education etc, overall development of the sector is expected to be fast-phased. The report pays special attention to the opportunities in the senior housing sector, where elderly people are assured of the best facilities in terms of healthcare, security and peaceful environment. Bangalore is prominent among the places where such projects are unfolding.

Bangalore, in view of its pleasant climatic conditions is the favorite of many builders interested in building sports cities, wherein focus would be on bringing in reforms to sports activities. With more opportunities in sports sector, more sports-themed townships are expected. Karnataka’s potential to house amusement projects is well known, therefore, builders are eyeing for significant activities in Bangalore in terms of such development. With respect to connecting real estate and education, there is reference to the village, Manipal, which was transformed to an education town. With increased educational potential, such cities are going to attract more people.

The report, also mentions about cities like Kochi and Hyderabad which could be made aerotropolises or airport cities. In simpler terms, aerotropolises refers to cities that are built around airport, with a plan to generate more income through real estate.

RESOURCES:
THE HINDU NEWS

A Snapshot Review About Dreamz Infra

Find the latest appearance of dreamz infra reviews with snap-pages.

With the Standard Innovative Ideas, still dreamz infra is one of the best builders in Bangalore providing flats at affordable prices with different locations in Bangalore connecting all the facilities like hospitality, security, swimming pools, play gardens, Parking lots and many more.

Dreamz Infra Services To Customers:

    Ø Home Loans

Ø Warranty

Ø After Sale Guidance

Ø Customer Support

Ø Property Management Services

Ø Rain Water Harvesting

Ø Pre-Booking Offer’s

For Any Queries or Details about Dreamz Infra, Visit Official Website At: http://www.dreamzgkinfra.com

Architecture the best career option

Architecture with respect to the building constructions and other physical structures is defined as the process and product of planning, designing and constructing. It primarily works in the material forms of buildings and is also referred as the symbols of the cultures and as an art of the work. As architecture demands for creative manipulation and coordination among materials, technology, light and shadows, the architects are finding more scope in these days. An architect is a trained and licensed person to carry out the planning, designing, and constructing functions of the building structures.Architects are said to be the real creators of amazing and beautiful building constructions.

The demand for architecture profession is ever green and it is even powered by growing needs of residential and commercial properties. Moreover, it is a very challenging career option for most of the students who are seeking to make a career in the field of architecture. This profession is conceived as one of the highly demanding professions that promises heavy pay packages to the practitioners. Due to this, lot many students from different backgrounds, disciplines and streams have opted to make architecture as a career option. A career in architecture demands some extraordinary skill sets from the aspirant students.

Architecture is one of the best career options that has huge potential for growth and has unlimited job options. Many students are in the perception that it has a limited scope. The job of the architect is not only restricted to the designing of corporate premises but also is open for designing residential constructions, industrial constructions, the designing of social constructions such as hospitals, hotels, stadiums, bus stands, shopping malls, colleges and schools etc.The scope of architecting is also extended to the alternations, renovations and modifications of the existing commercial and residential properties.

There are plenty of job options for architectures. They can work with construction companies as designers to design the constructions as per client requirements. They have to balance between the practical aspects and aesthetics. After gaining good amount of experiences, they can also start their own consulting firm to guide the people for architectural requirements.  Most of the jobs for architectures are sourced from the government organizations and property developments bodies. An independent practitioner of architecture has more earning potentials that working for constructing companies, but it requires lots of work.Architecture is the best field wherein the rewarding and demanding career option is ensured.

Introducing Terrace Gardens In Bangalore

We always love the feeling of acupuncture when the tender grass tips tickle our foot skin, the moment we step out into a lawn. A bit of greenery is what almost many of us prefer in order to soothe our senses to tranquility, far away from urban pollution. But then again, raising a lavish garden villa is not quite affordable by the common mass who manage to summarize their dream home whims within the defined boundaries of stereotype apartments. These coops addressed at the community gateways often do not provide the residents opportunities to implement their gardening skills due to lack of open space. Here is when ‘Balconies’ and ‘Terraces’ come into picture to allow the creative brushes to paint them green.

Recently, Bangalore is experiencing the nuances of ‘organic terrace farming’, which first took off during a workshop at the Institution of Agricultural Technologists (IAT) in 1995, under the pioneering campaign by Professor Dr B.N Viswanath, against all the poisonously fertilized vegetable market yields. Indian Institute of Horticulture Research (IIHR) alarmingly concluded that vegetables sourced from the peri-urban area in the vicinity of Bangalore contain unacceptable concentrations of chemical residues owing to the excess sprinkling of pesticides and spraying of irrigation water contaminated with sewage and heavy metal effluents. A prolonged ingestion of these chemical garnished crops can lace our gene pools with ribbons of mutations…. Towards worst path of course, the deficiencies finally leading to handicapping diseases.

So why not gift our terraces the opportunities of becoming our personal organic crop-field for medicinal, flowering and fruiting plants? In turn they will cleans our micro-climate free of pollutants, increase oxygen prevalence and eventually persuade our lifestyle to transform from junk perverts into healthy & active ones.

The propaganda preached about dedicatedly utilizing the unrestricted sun-exposure in the terrace spaces (ranging from 400sq ft. to 1200sq ft.) in cultivating common growers like;

·         Leafy vegetables (coriander, fenugreek, Indian spinach, lettuce)

·         Gourd family (pumpkin, ridge gourd, ash gourd, bitter gourd, chow chow, bottle gourd, little gourd, cucumber, snake gourd, watermelon, muskmelon)

·         Root vegetables (carrot, radish, onion, beetroot, ginger, garlic, potato, oal)

·         Other vegetables (tomato, chillies, capsicum, cauliflower, cabbage, brinjal)

·         Fruiting plants (orange, mango, pomegranate, musambi, custard apples, banana, guava)

·         Spice crops (black pepper, clove, cardamom)

Besides these kitchen favorites, flowering foliage can also add to the ornamental growth of the garden utilizing the basic techniques of nursery preparation, followed by pot making, methodical sowing, and formulation of compost (preferably vermin-compost). The grooming can be executed in consequent stages with the aid of appropriate equipment. It is to be borne in mind that irrespective of our costliest attempts to set up a leafy terrace (beginning with a minimum of Rs. 20,000), a weak water proofing, absence of healthy spacing in between plants, over fertilizing or sunlight deficit is enough to prove the efforts futile.

Bangalore seems to be ramping up in welcoming this culture of ultra-well-living. Recently the dwellers witnessed a Organic Terrace Gardening (OTG) workshop held at Vittal Mallya Scientific Research Foundation (VMSRF), in BTM Layout II stage. From implementation point of view, Koramangla house makers have scored an advantage point. February 24, 2013 will see Triangle Park, Sadashiv nagar, host another workshop titled ‘Oota from your Thota’ for garden enthusiasts within the city.

If essentials are to revised, quality seeds can be procured from Sahaja Samrudha, Green Foundation or Vanashree. Experts are also suggesting Rain Water Harvesting for maintaining the supply of potable water to the plants.

For More Information on Real Estate Visit: Dreamz GK At Bangalore.

Bangalore Homes – Greening Up

Along with ‘envy’, nowadays many other things have started going green…... Real estate is next in the line to put on the vegetable paint. If you wish to design your dream home infrastructures in an eco-friendly manner, not necessarily an architect will be stuffing in mud blocks at your postal address, post deducting a high-digit bill from your account for delivering the brand design. Built with the motto of conserving natural energy resources like sunlight, air and water, the designs of such houses aim at reducing the day-to-day carbon footprints by less wastage and recycled use of materials. Away from the city pollutants, a green house is planned so as to enable you to breathe a rejuvenated life every moment.

The hyped trend is drawing in soaring customer demands. The league of realtors too are signaling spontaneous response by launching green projects across the Tier I and Tier II metro hotspots. In future, the nation is expectant to double its count of green spaces which currently measures up to 1000 billion sq. ft. Initial prices quoted by the consultants due to less availability of greener raw materials are generally high, agreed, but considering the 30-50% energy conservation in the long run, along with 30-70% saving of water, the investment assures logical appropriateness. Nevertheless, financial support like home loans and incentives are granted in a comparatively hassle free mode, with banks offering facilities like much lower interest rates.

Among the Indian urban hubs, Bangalore seems to have geared up its pedals to adapt to this green lifestyle. Apart from energy conserving features, the city homes are flaunting off features like wind scoops and air space for natural ventilation, sky gardens with tropical landscapes, service core for buffering area, cavity walls for insulation and others. Salient features should be enlisting rain water harvesting systems, solar heat generation, waste minimization, implementation of water conservation as well as other energy saving equipment.

In order to rate the energy efficiency of these constructions, the basic designs of these individual homes, gated communities or high-rise apartments have been awarded grades by the ‘IGBC (Indian Green Building Council) Green Homes’. The two main systems actively controlling the green real estate are GRIHA (Green Rating for Integrated Habitat Assessment), conceived by TERI (The Energy and Resources Institute) and LEED (Leadership in Energy & Environmental Design) India. TZED (Towards Zero Energy Development) homes in Whitefield, Bangalore with 249000sq. ft. green project spread across 5.5 acres, has been certified as the first residential apartment in the world to be rated Platinum under LEED.

Coming to the league of Bangalore-cased certified residential housings, under the "Pre-Certified, Gold” category we have Aquila Heights, August Park,Brigade Exotica Embassy BOULEVARD Embassy Pristine Mantri DSK Pinnacle  Mantri Royale Nitesh Columbus Renaissance Residences Sobha Forest View Soudhamini. The commercial spaces also gaining the Gold, Silver and Platinum badges are 3M R&D Centre, Ascendas MTB building at ITPL Bagmane World Technology Center Embassy Tech Square EMC BECP ITC Royal Gardenia ITC Windsor Mulberry (Block G1), Manyata Embassy Business Park etc.

The question thatstill lurks for the common man, is how to dodge the price traps in an attempt to build a cost-effective green home. The realty topography can be unpredictably staggering, with fraud firms self-proclaiming themselves as ‘green’ builders aim at draining your pockets. Featuring a landscaped terrace garden on the sky-touching floors of the branded towers does not mean that the entire gated community has eco-friendly features. The stake definitely rests with the buyers to verify the affiliations and touted certifications thoroughly as this green building trend is still undergoing the nascent phase of experimentation.

The concept of ‘Green buildings’ have already invaded the nation and our minds spreading the message of social, economic and environmental benefits. Real estate awaits a revolutionizing makeover as the builders gear themselves up with latest technologies of environmental conservation.
For More Information on Real Estate Visit: Dreamz GK At Bangalore.