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“We have seen many instances where brokers are unable to provide service and clients have chosen to sell one of the properties so they can refinance at a lower rate.” He said it would only get worse. “The impact of restrictions on interest-only loans has been widely seen, but the effect of restrictions on high-debt …

Nigerians over the age of 18 on a regular salary will now be able to access a home loan of up to N5 million from the Federal Mortgage Bank of Nigeria without equity contribution. This is one of the new conditions for accessing the bank’s mortgage funds. According to a statement by Zubaida Umar, the …

The Federal Mortgage Bank of Nigeria (FMBN) has commenced implementation of the newly approved terms for accessing loans from the National Housing Fund (NHF). This includes a zero capital contribution for providing housing loans up to N5 million and a 10% contribution for housing loans ranging from N5 million to N15 million by contributors to …