MREIF Mortgage In Nigeria - Everything You Should Know
MREIF mortgage is trending, the adverts are everywhere and realtors are marketing you can buy now with mortgage, so what is this MREIF all about. . Nigerians abroad for years have been clamouring for longterm mortgage, Nigerians here have been struggling to afford houses in urban parts of Lagos and Abuja. . Remarkably, MREIF mortgage was setup to provide up to N100million for both Nigerians here and in diaspora to buy a house. In addition, the interest rate is fixed at 9.75% over the entire term of the loan. . However, mortgages is not for everyone, MREIF mortgage also has requirements and eligibility. Therefore, before you jump into a mortgage plan or open an account with any mortgage bank, you want to underestand fully what you are signing up for.
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