If you're looking to buy a home in Nigeria, understanding mortgage loans is essential. This guide provides a detailed overview of the process and what to expect.
Yes, you do need to have an income to purchase a house with a mortgage loan. A mortgage loan is a type of loan used to finance the purchase of a house. When you take out a mortgage loan, you are borrowing money from a lender to purchase the home.
No, your mortgage company can’t take your home and all of your equity if you miss just one payment. Generally, lenders don’t want to foreclose on a home because it’s an expensive and time-consuming process. So, if you miss a payment, your lender will usually work with you to come...
The main difference between a mortgage REIT and a normal bank which gives mortgages is the structure of ownership and how the capital is raised.