First Generation Mortgage Bank introduces Queens Estate located at Mbora, Abuja FCT.
Landmark: Nizayime Hospital
-House Type: 5Bedroom Luxury Duplex
-Status: Partly Completed
-Root Title: Certificate of Occupancy
-Selling Price: N63 mil (Outright Purchase)
-Selling Price: N65 mil (Mortgage Purchase)
TERMS & CONDITIONS FOR MORTGAGE OPTION
-Price: N65,000,000
-Equity: 30% (N19,500,000)
-Interest Rate: 9.99%
-Tenor: 10 Years
-Monthly Repayment: N601,033
OTHER TERMS & CONDITIONS FOR MORTGAGE OPTION
-1% Legal Fee: N455,000
-1% Management Fee: N455,000
-1% Processing Fee : N455,000
-7.5% VAT: N68,250
-Insurance: N625,000
-Credit Bureau: N5,000
-Developer's Form: N10,000