LET’S TALK ABOUT YOUR HOUSE FOR A MINUTE!
You, yes you! Where do you live? Let me guess, you are still paying rent right?
Oh come on, how many times have I told you, this isn’t good for you or your finances. How long will you continue to make expenses with no goal in sight?
So, you think I am talking in the rubbish abi? Oya let me break it down for you:
You spend an average of 8 hours a day on the job, maybe 3–4 hours in Lagos traffic (that is if I’m being modest), you get home tired and exhausted, if you’re married with kids… (*let’s not get into that), you then manage to catch some sleep for roughly 5 hours and wake up the next day to do it all over again.
All of these, just to earn a decent living, only for you to end up giving more than 50% of your annual earnings to the landlord, who obviously has made the choice you’ve been too afraid to make.
If you think you are giving your landlord just money, then think again. Over 50% of your earnings mean, over 50% of your time, over 50% of your cash and over 50% of your productivity. Your landlord is ripping you off. Yes, I said it; but truth be told, your landlord is not the bad guy here, you probably don’t know what to do and I can help you with that.
For instance, you have always dreamt of the day you will stop paying rent and buy a nice three-bedroom duplex in Ikate, Lekki or a very nice area, but this house could cost about ₦40million, which is in my opinion a very great bargain. The problem however, is how can you finance this?
If you someday wish to own your own house, you need to begin to think about what it takes to own a house financed via a mortgage. Everyone loathes debt, I know, but let’s choose not to look at it that way when in fact, you will be paying small small to become a landlord right? In the end, it’s a win-win because that money you give to your landlord every year can get you your own home quicker than you think.
A mortgage is an agreement that allows you to borrow money from a bank or similar organization, in order to buy a house or own a property.
Mortgages are often financed through a mix of debt and equity. In Nigeria interest rates are crazy high on mortgage loans especially when you approach regular banks, and borrowing from the National Housing Fund might not just be enough to get you your dream home, in your preferred location. This begs the question; how can one afford a mortgage on a steady salary?
Casafina Group’s Rent-To-Own scheme provides you a non-conventional mortgage plan that is flexible and beats the current mortgage bank interest rates. Our Rent-To-Own scheme is the first of its kind in the real estate market and is a smarter way to acquire your dream home and I can tell you why:
- We offer offplan mortgaging which is cheaper (way below market value). An offplan property is one you purchase before or during construction. Once the properties are completed, the prices go up, especially when they are situated in prime locations. This is the best real estate investment method out there because it is cheaper than conventional mortgage with no hidden charges and there is guaranteed returns. Even before the completion of the property, the value increases up to 30%. Sweet right. what did I tell you?
- Equity transfer. You can also transfer your equity to another RTO property.
- Flexible payment plan with competitive interest rates. After the payment of your equity contribution, you can choose between 2–20years to spread the rest of the balance. No real estate developer can give you this bargain currently in Nigeria. The best you can get out there is a 12-month spread, which may not be in agreement with your income; plus, you have to invest in such a way that you will still have enough to be comfortable while you pay up the balance.
Our Rent-To-Own scheme gives you that comfort. The moment you pay your equity contribution; you keep paying your normal rent until it becomes yours. This is what I call a targeted expense (expense with a goal in sight), because you are paying to own.
So you see, it’s not that complicated after all. You shouldn’t be afraid to LIVE! If you’ve ever heard of eating your cake and having it, this is what it feels like.
I really don’t know what you’re waiting for.
Call us now for enquires on how we can help you own a home today on 08180000113 or visit our website at www.rto.ng
This might just be the chance you’ve been waiting for.
