Start small and scale up gradually – Republic Bank Mortgage Manager advises Ghanaians
The Manager in charge of Mortgage at Republic Bank Frank Oppong Yeboah, has advised prospective homeowners to build according to their income and financial capacity rather than taking on large loans to construct expensive houses at once.
Frank Oppong Yeboah, the Mortgage Manager at Republic Bank, has advised prospective homeowners in Ghana to build their homes in a sustainable way by starting small and expanding as their incomes grow. Speaking at the launch of the Republic Bank JoyNews Habitat Fair, Mr. Yeboah emphasized that people should not take on large loans for expensive houses all at once.
He advised starting with a single-bedroom house and gradually adding more rooms as one's financial situation improves. Mr. Yeboah stressed that homeowners should build their homes with their income and resources in mind, rather than pursuing large, luxurious homes immediately. He noted that while many people may desire to live in luxurious homes like those in Cantonments, their financial circumstances may not permit such ambitions.
Mr. Yeboah urged individuals to prioritize acquiring a home that meets their immediate needs and budget, and to build up their property over time.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
