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Topic: FG Scraps 10% Equity Contribution on Housing Mortgage Within N5m Range  (Read 783 times)

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FG Scraps 10% Equity Contribution on Housing Mortgage Within N5m Range
« on: March 06, 2017, 07:00:30 AM »
FG Scraps 10% Equity Contribution on Housing Mortgage Within N5m Range

By Chineme Okafor in Abuja The federal government has said henceforth, housing mortgages below N5 million will no longer attract the usual initial payment of 10 per cent equity from approved off-takers. It said it chose to scrap the 10 per cent initial deposit on such cadre of housing loans administered by the Federal Mortgage […]
Source: FG Scraps 10% Equity Contribution on Housing Mortgage Within N5m Range

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post culled from thisdaylive
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