In a heartfelt announcement, President Bola Tinubu has taken a compassionate stance by allocating buses to student bodies across Nigerian universities, polytechnics, and colleges of education. This em...
The Federal Competition and Consumer Protection Commission (FCCPC) have removed from its website the list of all licensed lending applications, often known as Digital Money Lenders (DMLs).The list, wh...
There are many reasons why a person would want to take a loan, some of which are business expansion or financing, mortgage, investing, borrowing, education funding, marriage funding, etc. A l...
What exactly is the Mortgage System?Well, simply put, a mortgage is a loan that you take out to buy a house or other property. You borrow money from a bank or other lender, and then you pay it back ov...
Collateral Value is the market value of anything used as collateral to support a loan. This can create issues with margin requirements; if the asset begins to lose value the borrower would need to sup...
Buying a car with a loan that has a high interest rate could mean driving the car for a long time before being out of debt. With increased interest rates, vehicles become more expensive and coming...
In Nigeria, mortgage banking has grown in recent years due to the growing demand for affordable housing. Despite the potential benefits, mortgage banking in Nigeria faces various challenges that ...
Buying a House with Cash vs. Mortgage: When buying a home or investing in a home, you are faced with the important decision of financing the purchase. Many buyers opt for a mortgage, but there is also...
It’s hard to decide if you should lease a car or buy one. Both come with their pros and cons. However, certain factors will help you determine which is a better choice for you.While some drivers wan...
What is the definition of a Balloon Payment?DefinitionA balloon payment is a financial term used to describe the lump sum payment attached to a loan, mortgage, or commercial loan. This payment is...