A Nigerian mum, Ndubueze Melody, has taken to her social media handle to celebrate her son, Amazing, whom she welcomed when she was six months pregnant with him.
Sharing photos of his amazing transformation despite being born prematurely, Melody chronicled Amazing’s journey from birth, his time in the ɪɴᴄᴜʙᴀᴛᴏʀ, and his growth up until today, as he turns three. The excited Nigerian mum wrote:
“HBD
We named u Amazing Nikechukwu Evra bcos of the mystery sorrounded with ur birth.
You horriedly came out frm d womb a day to ur 7th month….yes u heard me right(approximately last day of ur 6thmonth).
Oxygen and every other equiments where set to aid ur survival as u where so tender and immature to survive and u where quickly transferred to the ‘baby unit” it became a big shock.
The unit seems like a space-age control room – very hot, with lots of flashing lights, beeping monitors and other mystifying pieces of equipment. Among all these are the incubators,
My tiny baby was at the centre of a tangle of tubes, surrounded by equipment inside the incubator(i and ur daddy where separated 4rm u and can only see u through the glass of the room window.. (this was to avoid him contracting infection 4rm outside the world) oh how sad it feels only to be apart 4rm ur long awaited miracle.
My tears, my sadness, my heart jumping out of my chest for months it was so distressful but God, hubby,my pastor and members,my parents, siblings, in-laws, and very few bossom frnds where they althru and made me hv hope again.
my Son inside the incubator was looking quite different to what i had imagined. (Newborn babies never look like the bouncing bundles that you see in the nappy adverts, but a baby born prematurely will be at an earlier stage of development, and so may look quite different to what you might expected) he had a very red skin,his eyes hasnt sprought out yet, very trace noise and undeveloped mouth, so he fed(from extracted breast milk 4rm my breast through a tube fixed 4rm his mouth down to his stomach for 3months consecutively, wit 2 times blood tansfusions and lots of injections through the canular monuted on his forehead for mounths and God saw us through an we came out miraculously.
Today is my Son’s 3 yrs and i and ur daddy , aunties and uncles are giving all we hv to u Son…and pray u wil live a fulfilled life of sweetness.
Ur word of prays wil impact in his life positively.
Hbd our miraculous son..”
Introduction
Are you in need of financial assistance but don't want to sell your property? A loan against property might be the ideal solution for you. This type of loan allows you to leverage the value of your property to secure a loan amount. In this article, we will provide you with a comprehensive guide on obtaining a loan against property. Follow these step-by-step instructions to make the process smooth and hassle-free.
Assessing Property Value
The first step in obtaining a loan against property is to assess the value of your property. You can hire a professional property evaluator or consult a real estate agent to determine its market worth. The lender will consider this valuation to calculate the loan amount they can offer you.
Researching Lenders
Once you have assessed your property's value, it's time to research different lenders who offer loans against property. Compare their interest rates, loan tenure, processing fees, and customer reviews. Choose a reputable lender that aligns with your requirements and offers favorable terms and conditions.
Document Preparation
To apply for a loan against property, you need to gather the necessary documents. The typical documents include:
- Property ownership documents
- Identity proof
- Address proof
- Income proof
- Bank statements
- Tax returns
Ensure that you have all the required documents ready and organize them for easy access during the application process.
Loan Application
Now that you have chosen a lender and prepared the documents, it's time to submit the loan application. Fill out the application form provided by the lender, providing accurate information. Double-check the form to avoid any errors or discrepancies.
Property Valuation
After submitting the application, the lender will initiate the property valuation process. They will send a representative to assess the property's condition, location, and market value. This valuation helps the lender determine the maximum loan amount they can offer you.
Loan Approval and Disbursement
Once the property valuation is complete and meets the lender's criteria, they will approve your loan application. The lender will communicate the approved loan amount, interest rate, and repayment terms. Upon agreement, the loan amount will be disbursed to your bank account.
Repayment Terms
Understanding the repayment terms is crucial before finalizing the loan agreement. The terms include the loan tenure, interest rate, and EMI (Equated Monthly Installment) amount. Ensure that you carefully review the repayment schedule and have a repayment plan in place.
Conclusion
Obtaining a loan against property can provide you with the financial flexibility you need without giving up ownership of your property. By following the step-by-step instructions outlined in this article, you can navigate through the process effectively. Remember to conduct thorough research, gather the necessary documents, choose a reliable lender, and understand the repayment terms.
FAQs
1. Can I obtain a loan against any type of property?Yes, you can obtain a loan against residential, commercial, or industrial properties.
2. What happens if I default on the loan repayment?Defaulting on loan repayment can lead to penalties, legal action, and the possibility of losing your property.
3. Is the interest rate fixed or variable for a loan against property?The interest rate can be either fixed or variable, depending on the terms agreed upon with the lender.
4. Can I prepay the loan before the tenure ends?Most lenders allow prepayment of the loan, but it may be subject to prepayment charges.
5. How long does the loan approval process take?The loan approval process can vary among lenders, but it typically takes a few days to a few weeks, depending on the documentation and property valuation process.
In conclusion, a loan against property is an excellent option for individuals in need of financial assistance. By following the step-by-step instructions provided in this article, you can secure a loan against your property efficiently. Remember to thoroughly assess your property value, research lenders, prepare the required documents, and understand the repayment terms. With careful planning and execution, you can leverage your property to fulfill your financial needs.