ChangeAgent Property

I was only 12 years old when I saw my mother pay our house rent for the first time in her life. That was a defining moment for her. She had managed to save some money to avoid us being thrown out on the street. My Father had answered the ultimate call and had gone to the beyond. Life was tough and so was our Landlord. He increased our rent as he pleased, well aware we had no option. I made up my mind. I had to build my Mother a house befitting for a Queen. She had to leave that scary

Still grappling with the problem of access to long-term fund for housing, stakeholders have urged the Federal and State governments to maintain the single digit interest rate in mortgage loan even if it requires subsidizing for the low income earners. They also stressed the need to proffer local solutions to mortgage financing by considering generational mortgage financing where tenor could be extended beyond the original mortgagee for continuity. In a communiqué issued at the end of the 2016 National Summit on

Professor Charles Inyangete. Lagos State government has said that it would enter into partnership with Nigerian Mortgage Refinance Company (NMRC) to make housing affordable to its citizens. The Commissioner for Housing, Prince Gbolahan Lawal stated this during a meeting of the Ministry and its agencies with the management of the NMRC led by the Managing Director/Chief Executive Officer Professor Charles Inyangete. He said that State will be prepared to sign a Memorandum of Understanding as soon as both parties agree on the terms and modalities of the facilities, which are geared towards alleviating the burden of financing mortgages in the State.

A mortgage is a lien on a property/house that secures a loan and is paid (interest and principal) in installments over an agreed period of time. The mortgage secures your promise that you’ll repay the money you’ve borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. It is essential you select the one that is right for you, your future plans, and your financial situation. How to qualify for a Mortgage To qualify for a mortgage you must; meet certain eligibility requirements; be  financially capable of servicing your mortgage (ideally repayments cannot exceed 33% of borrower’s earnings); be credit worthy with no history of bad debts; provide adequate security for the loan; In terms of mortgage eligibility ,  prospective borrowers will be assessed for their eligibility to apply for their preferred product. The eligibility requirements include; Age:  Prospective applicants must be ...

News In a bid to ensure continuity with improvement, Lagos State Government has approved the appointment of Mr. Dehinde Tunwashe as the new General Manager of Lagos State Mortgage Board, custodian of Lagos Home Ownership Mortgage Scheme (Lagos H.O.M.S). Until his appointment, Tunwashe was the Executive Director in charge of Operations at Lagos Building Investment Company (LBIC) where he served for nine years rising from the post of Principal Manager. He holds a degree in Economics and a Master’s degree in Banking and Finance. He is also an Associate of both Chartered Institute of Bankers of Nigeria (CIBN) and Nigeria Institute of Management (NIM).