How to secure a Mortgage Loan in Nigeria
If you take a little look around forums on the internet, you will see most persons asking questions on how to secure a mortgage loan in Nigeria . The general consensus is that it is very hard to secure this kind of loan facilities in our country. However, I must point out that this is a very wrong notion. Securing mortgage loans in Nigeria is easy depending on how you are going about it. It only becomes hard when you don’t know the requirements and the places to go to in order to make your request. In Nigeria, the body in charge of Mortgage Loans is known as the Federal Mortgage Bank of Nigeria (FMBN). This bank gives out the loans through various lenders and most notably banks. So to get the loans, one has to go to these banks and lenders. The funding for the loans is usually done through the National Housing Trust Fund. So for you to get a mortgage loan, you will have to meet the lenders and banks. Fortunately, most banks operating in the country today have a mortgage scheme g...