The 30-Year Debt Nobody Talks About

A mortgage is sold as "owning." But for the first many years, you mostly own a debt — and the interest clock never sleeps.

Paying for the house two or three times

At high interest rates over 25–30 years, total repayments can reach two to three times the original price of the property. You buy one house and pay for several.

Debt that outlives your job security is not freedom. It is a different kind of rent — paid to a bank.

The risk you carry

Three decades is a long time to guarantee your income. Job changes, rate hikes and emergencies all land on a balance that barely moves in the early years. The dream of ownership shouldn't come with that much fragility attached.

There should be a path to a title deed that doesn't begin with a 30-year liability. That is the path RaffleProp is building.

A different way to reach property ownership

RaffleProp runs FCCPC-regulated promotional competitions for real property in Nigeria. Entry starts from ₦2,500, every property is independently valued by an NIESV firm, all funds sit in escrow at a named Nigerian bank, and the winner is selected in a live-streamed, independently witnessed draw.

And your entry value is always protected: if a campaign does not reach its minimum, your full participation value converts to Home Credit you can use on any future campaign. Browse live campaigns, see how it works, or join the waitlist to be first when the next property goes live.

RaffleProp is a promotional competition open to Nigerian residents aged 18 and over. Participation requires passing a skill assessment. Play responsibly.