Mortgage Financing In Nigeria: Prospects And Challenges

ABSTRACT Mortgage financing are structured financial arrangements provided byapproved financial institutions that accept real estate as security for theloan. Basically, mortgage financing is used to acquire or purchase ordevelop a property. However, it is also used to access the equity on anexisting property. This research work examined various mortgagefinancing policies in Nigeria, highlight their performance with a view toidentify the challenges inhibiting the optimal performance of themortgage financing structure in Nigeria and suggest the way forward. Themethodology adopted was a trend an…