Mortgage

When you want to buy a house in Nigeria, one important step you must understand is the earnest money deposit. This is a small amount of money you pay to show the seller that you are serious about buying their property. Think of it as a promise or handshake that says, “I really want this house.” Usually, this deposit is about 1% to 5% of the property price, but it can change depending on the market and...

Owning a home is a big dream for many people, especially for those who earn little money. For low-income earners in Nigeria, owning a home usually means having a small but comfortable house in a safe and affordable area. It might not be a big house in the city center, but it can be a decent home in places where prices are lower, like the outskirts of big cities or smaller towns. To make this dream real,...

You need to know the general cost of homes in Nigeria while considering being a homeowner, the price changes frequently due to the evolving real estate landscape in the country. With a burgeoning population, rapid urbanization, and a significant housing deficit estimated between 17 and 20 million units, the demand for affordable homes continues to outpace supply in the country. However, rising inflation,...

How To Qualify For A Mortgage: Tips To Improve Your Credit Score; Mortgage qualification is among the largest hindrances to becoming a homeowner and many intended homeowners have found themselves jettisoning their plans just because they couldn’t find a lender ready to offer them a loan for a home in Nigeria. Are you a refinance homeowner or a first-time homeowner?  It is very important that you...

If this is your first experience of purchasing a property or being a first-time home buyer, your excitement about the prospect will be understandable. You have been living with your parents for long or have spent most of the previous years at college. Now, imagine moving up to the next level of life to purchase a property for you and yours! The experience is sure to keep you awake all night in excitement....

Buying a home is one of the most significant financial and personal decisions you’ll make. For first-time buyers, the process can seem complex and overwhelming. This comprehensive, step-by-step guide demystifies each stage, helping you move from initial planning to unlocking the door to your new home. Steps To Follow When Buying A Home Step 1: Assess Your Readiness And Set Your...