{"id":314323,"date":"2017-04-27T08:01:13","date_gmt":"2017-04-27T08:01:13","guid":{"rendered":"http:\/\/citifmonline.com\/?p=314323"},"modified":"2017-04-27T08:01:13","modified_gmt":"2017-04-27T08:01:13","slug":"appolonia-city-introduces-10-year-mortgage-plan","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/04\/appolonia-city-introduces-10-year-mortgage-plan\/","title":{"rendered":"Appolonia City introduces 10-year mortgage plan"},"content":{"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.<\/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":[],"categories":[32,171],"tags":[],"yoast_head":"\n