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.
Real estate is one of the most lucrative investments in the world. Find out more about real estate investment opportunities in Nigeria today!