Federal Gov’t Lowers Mortgage Rates, Reduces Down Payments For Home Ownership
The ministry of Finance Incorporated Real Estate Investment Fund (MREIF), a key driver of affordable homeownership in Nigeria, has announced a major reduction in its mortgage requirements. The minimum down payment for an MREIF mortgage has been halved from 20 per cent to just 10 per cent, making it easier for more Nigerians to achieve […]