Housing finance experts say some federal civil servants are likely to miss out on the single-digit-interest mortgage that the Ministry of Finance Integrated (MOFI) Real Estate Funds (MREIF) has offered them, citing low-income levels.
The experts, who commended the offer, describing it as an ambitious move in a market where double-digit rates have long been the norm, noted that this offer may also elude the workers due to poverty and high cost of living, which leave them with nothing as savings.
MOFI recently signed a deal with Family Home
