A mortgage is a loan for buying or building a house. It’s a type of loan that allows you to buy property with money from the bank, rather than using your own savings or credit card debt. The most common type of mortgage is an adjustable-rate mortgage (ARM), which means that the interest rate on your loan changes over time.

Another type of mortgage is called a fixed-rate mortgage (FRM). This means that the interest rate stays the same throughout its life span, so you don’t have to worry about changing it when you take out a new loan.

There are also other kinds of mortgages available in Nigeria, including:

In summary, In Nigeria, there are three types of mortgages:

1. Fixed-rate mortgages (FRM) – these are fixed for a specific period of time, such as five years.
2. Floating-rate mortgages (FRM) – these are variable, so that interest rates can change over time.
3. Hybrid mortgages – these combine elements of both FRMs and fixed-rate loans, which gives you more flexibility in how much you borrow and when you borrow it.

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1. Don’t leave the keys in the car! If you’re going to leave your house unattended, make sure someone knows where you are and how long they can expect to get back in.
2. Lock up all doors at night–and make sure they’re latched properly! This will help prevent burglars from entering through windows or doors that are left open at night while you’re sleeping or away on vacation (which is when most burglaries happen).
3. Make sure lights are turned off when leaving your house at night–or at least put them on a timer so they turn off after a certain amount of time has passed (like an hour). This will make it harder for anyone who might be looking for something specific in the house when everyone else is asleep!

The most important things to remember when managing your house are:

-Always keep an eye on maintenance costs and make sure you don’t overspend on maintenance

-Make sure that all repairs are done properly and at a reasonable price

-Make sure that all repairs are completed within a reasonable amount of time

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