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Did you know India has only about 2000 certified financial planners? For a country has big as ours, this is too small a number. Unfortunately the reason behind this is lack of knowledge. Very few people here have understood the importance of financial planning and how a professionally certified planner can ease our financial woes.

An average middle class Indian thinks that investment is all about making a couple of insurance, hesitantly dabbling in mutual fund investments and staying far away from the stock market. While there is nothing wrong is this approach, an expert will tell you that this is enough to secure your future.

There are many ways you can invest your money wisely but to do so you need to know the methods. However it is important we realise that not everyone can grasp the complexities of managing money which is why seeking professional help is so important.

How to Become a Certified Financial Planner in India?
CFP certification in India is recognised by the Financial Planning Standards Board (FPSB). It is the nodal agency which oversees how CFPs are doing their jobs, who can be certified and whose certification must be revoked. Though they give the certification, you must enrol in an educational institute offering it as a course work. There are many emerging institutions that are now offering post-graduate diploma in financial planning.

Eligibility to Become a CFP
If you are seeking admission in one of the top CFP institute in India, you will need to know their eligibility criteria. There are two kinds of people who usually seek admissions to such courses – working professionals in the finance sector looking for official certification and fresh graduates who want to enter the industry equipped with the right degree.

Timeline of a CFP Course in India
A CFP course can be completed within 6 months or else can take two to three years – both are recognised by the FPSB. The important thing to note here is where you seek admission. There are institutes where you can seek admission for a one-year PG diploma in financial planning while the same institute may also be offering you a two-year post graduate degree in financial planning.

For a working professional, a PG diploma in financial planning seems to be a good idea. But if you are a fresh graduate still seeking to hone your skills, then a full-fledged master’s program is more suited for you.

However, you must understand that what you will be taught over a span of two years will be much more in-depth and detailed. You learning graph will be deeper and your understanding will be better in a two-year’s program. On the other hand, with a one-year diploma course, you will be able to quickly become a CFP and start a new journey towards bettering your career.

Scope for CFPs in India
Since there are few certified financial planners in India, the scope is immense. You can get into investment management, tax planning, estate and retirement planning, personal cash flow management and insurance planning. If you think you have the calibre to become a financial planner, get the required certification today!

You’re already imagining of how great your life would be living the state’s rural area – a peaceful and simple life. A few days later, you receive the news that your application was denied. Dumbfounded, you try to look online for answers, and here you are. Ultimately, you need to speak with your lender as to why your application was denied. But for the meantime, read on to know the possible reasons why your USDA application was denied, and how to avoid them the next time you apply.

Why was Your USDA Home Loan Denied?

Applications for USDA home loans near me can be denied by a number of factors. Here are some of them.
Income and Debt Issues – You might have an unverifiable income, have some undisclosed debt, or even that your income was just above the adjusted median income (AMI) for the area. All these can cause your loan application to be denied.
Change in Credit Score – To qualify for lender’s credit score benchmark, you must reach a certain credit score. Any activities that cause negative changes to your credit score, can cause denial of your application. Some of these activities are sending bills to collections, and opening up new lines of credit.
Change in Employment – USDA requires the applicant to have a stable job to qualify. If you’ve lost your job or have been laid off amidst the application process, lenders can already declare this as the reason for the application denial. In addition, if you got a new job with a better paycheck, you may already exceed the AMI for the area – another cause for denial.
Change in debt-to-income ratio – Adding new debt to your card like buying appliances, furniture, cars, or for any other reason, can be a cause for denial.
Property isn’t USDA-eligible – Applicants should buy houses only in qualified rural areas, as approved by the USDA. Purchasing homes not within USDA-approved areas can cause problems with your application.
Appraisal Problems – Appraisal problems are more complex with USDA loans. With USDA loans you must have your property-to-buy appraised. USDA appraisers would require that the home meets the property condition requirements, and they would give assign a value to the home. If any standards are not met, the home would need to be repaired before the application would move forward.
Interest Rates Have Gone Up – Changes in interest rate can affect your affordability ratios.
What to do if your USDA Loan was denied?

If your chosen property was in Oklahoma, speak with your lender by checking on the USDA loans Oklahoma near me to know more about the details of your application, and the reason why it was denied. A loan denial through automatic underwriting can still be saved with manual underwriting. However, if it was denied in manual, we can’t give a one-size-fits-all answer to this and you really need to talk with your loan officer on what to do in your current situation. Lenders would have varying solutions; a loan officer can give you the best answers.

How to find USDA home loans Oklahoma near me?

Finding USDA home loans Oklahoma near me is easier done online. Search up, pick a lender, read up on their provided information, talk with people from the company, and fill up the necessary forms. Keep in mind the listed reasons for application denial and keep them in mind to avoid any more problems.