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Module 6 Now Live on RealVR: Mastering Mortgage Basics

Writer's picture: Ivan VelkovIvan Velkov

Updated: Oct 15, 2024


We are excited to announce the release of Module VI: Mortgage on the RealVR platform, a vital addition to the RealVR project. This module offers comprehensive insights into the mortgage process, particularly in the context of apartment ownership within the European Union. Funded by the Erasmus+ program (Project Number: 2021-1-BG01-KA220-VET-000034659), this module provides a thorough understanding of the legal, financial, and procedural elements involved in securing a mortgage.


What You’ll Learn in Module VI


In this module, you will explore essential aspects of the mortgage process, including:

  • Legal models of apartment ownership across the EU

  • Establishment and scope of mortgage agreements under Directive 2014/17/EU

  • Steps involved in securing mortgage loans

  • Property valuation standards and assessing consumer creditworthiness

  • The role and regulations of credit intermediaries and non-credit institutions


Why This Matters


Navigating the mortgage process can be complex and overwhelming. Whether you’re a real estate professional or a first-time buyer, understanding the legal frameworks and financial processes involved in securing a mortgage is essential for making informed decisions. Module VI simplifies these complexities, ensuring that you are prepared to manage property financing with confidence and compliance.


Key Aspects of Mortgage and Apartment Ownership


  1. Legal Models of Apartment Ownership: Learn about various ownership structures, from co-ownership models to condominiums, and how these impact property transfer and financing.

  2. Mortgage Establishment and Scope: Understand the regulatory frameworks governing mortgage agreements, ensuring compliance with EU directives and consumer protection standards.

  3. Property Valuation and Creditworthiness: Explore the methods and standards for accurately assessing property value, as well as how lenders evaluate consumer creditworthiness.

  4. Role of Credit Intermediaries: Gain insight into how credit intermediaries facilitate mortgage agreements and ensure transparency in the financing process.


Why Choose RealVR?


RealVR’s Module VI: Mortgage offers an engaging and interactive learning experience. Through realistic simulations and in-depth content, learners will gain practical knowledge of the mortgage process, from legal frameworks to financial assessments, all while ensuring compliance with EU regulations.


Multilingual Access


As with previous modules, Module VI is available in English, Bulgarian, Lithuanian, Greek, and Italian, making it accessible to a wide audience across Europe.


Start Learning with Module VI Today!


Whether you’re buying your first home, managing real estate portfolios, or assisting clients in securing financing, Module VI: Mortgage provides the tools you need to navigate the mortgage process with ease. Visit the RealVR platform now and take the next step in mastering real estate financing!

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