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Everything You Need to Know About Mortgage Loans in Nigeria

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.

Do you need to have an income to purchase a house with a mortgage loan?

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.

Can the mortgage company take your home and all of your equity if you miss just one payment?

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...

What is the difference between a mortgage REIT and a normal bank which gives mortgages?

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 Facts In Nigeria

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


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