10% equity payment on mortgages below N5m waived

10% equity payment on mortgages below N5m waived

FEDERAL Government has finally approved that henceforth, mortgages below N5m (five million Naira) will not attract the initial payment of 10% equity from off takers. The decision to wave the percentage came as a demonstration of its resolute commitment to the provision of affordable housing to Nigerians, especially the low income earners, This was made […]

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Source: 10% equity payment on mortgages below N5m waived

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post culled from nigerianpilot.com