Appolonia City and Ghana Home Loans are offering the country\u2019s only 10-year mortgage that allows buyers to start building their dream homes with just a 20% deposit.<\/p>\n
Appolonia, a city-sized development just 20km from Accra CBD, and Ghana Home Loans, the country\u2019s leading home finance institution, have partnered to provide a 10-year mortgage on serviced plots in Nova Ridge, Appolonia\u2019s \u201cbuy-and-build\u201d neighbourhood.<\/p>\n
The mortgage, the first of its kind in Ghana, enables buyers of Nova Ridge serviced plots to make a minimum deposit of 20% of the land value and then spread the balance in monthly payments over a 10-year period. Purchasers can also access a home construction mortgage from Ghana Home Loans.<\/p>\n
\u201cWe understand the challenge buyers have to acquire land and cover construction costs in parallel, usually while renting a house until they build their own,\u201d said Kojo Addo-Kufuor, Chief Operating Officer of Ghana Home Loans. \u201cOur 10-year mortgage spreads out the land payments, so families can start building immediately, and realise their dream of moving into their own home sooner.\u201d<\/p>\n
The management of Appolonia, which is being developed by Rendeavour, Africa\u2019s largest urban land developer, say that Nova Ridge land buyers with a 10-year mortgage will enjoy all the benefits of a new city.<\/p>\n
\u201cAppolonia is delivering something unique to the Ghanaian market: secure land title, high-quality infrastructure and amenities such as schools, shops, clubhouses, medical facilities, petrol stations, parks and other recreation areas,\u201d said Bright\u00a0Owusu-Amofah, CEO of Appolonia.<\/p>\n
\u201cWe are building Ghana\u2019s only new city in close proximity to Accra, where residents can live, work and play without the burdens of commuting and traffic.\u201d<\/p>\n
–<\/p>\n
By: citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Appolonia City and Ghana Home Loans are offering the country\u2019s only 10-year mortgage that allows buyers to start building their dream homes with just a 20% deposit. Appolonia, a city-sized development just 20km from Accra CBD, and Ghana Home Loans, the country\u2019s leading home finance institution, have partnered to provide a 10-year mortgage on serviced […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,171],"tags":[],"class_list":["post-314323","post","type-post","status-publish","format-standard","hentry","category-business","category-local-economy"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/314323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=314323"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/314323\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=314323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=314323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=314323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}