Financial Literacy for Everyday People
Home, as they say, is where the heart is. Making a housing decision is often an emotional one. You need the agreement of all stakeholders to proceed, if you want to dwell in peace in your now home. Whatever you decide, you need to be able to afford it.
That … Read More
Buying a house is a significant milestone for many individuals and families. It’s a decision that involves careful consideration and financial preparedness. While owning a home can offer stability and a sense of pride, it’s important to assess your readiness before taking the plunge into homeownership. In this article, we … Read More
Most people believe that real estate investment is a no-brainer. You can make money with your eyes closed. Anything called real estate will always appreciate in value. All you need to do is simply buy and forget, and you are in business. I often come across folks who argue that … Read More
1. What are the aims and objectives of the NHF Act No. 3 of 1992?
a) To facilitate the mobilization of funds for the provision of houses for Nigerians at affordable prices
b) To ensure a constant supply of loans to Nigerians for the purpose of … Read More
To access the National Housing Fund (NHF) mortgage loans in Nigeria, you need to be registered with the NHF and open a National Housing Fund Loan Account. This can be done directly via your employer or through a primary mortgage institution/lender. Your loan application has to be through a registered … Read More
The Federal Mortgage Bank of Nigeria (FMBN) is the manager of the National Housing Fund (NHF)
All Nigerians in employment whether self-employed or in paid employment are required by Act 3, 1992 to contribute 2.5% of their salary income to the fund. … Read More
If you want to buy a home for yourself in Nigeria, you can take advantage of a mortgage loan. You can get this loan from different lenders, with different loan terms and conditions. Prior to going to a lender, you can find out how much mortgage you can afford, by … Read More
