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Predicting intention of using mortgage in financing homeownership in Nigeria : application of theory of planned behavior

Usman, Hamza and Garba, Mohammed Hamisu and Abdullahi, Isa (2015) Predicting intention of using mortgage in financing homeownership in Nigeria : application of theory of planned behavior. In: 9th Malaysian Technical Universities Conference on Engineering and Technology 2015 (MUCET 2015), 11 – 13 October 2015, Johor Baharu, Malaysia.


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Mortgage financing has been the most effective source of financing homeownership. However, 80-90 percent of homeownership in Nigeria is not through this important source. This paper adopted a unique approach of understanding the bane of homeownership through mortgage financing using the Theory of Planned Behavior (TPB). A sample of 300 potential homeowners in Bauchi Metropolis, Nigeria, was drawn to respond to the closed ended questionnaires distributed to them. 235 questionnaires were considered valid for further analysis. Partial least square-Structural Equation Modeling (PLS-SEM) was used to analyse the data. It was found that the exogenous constructs of TPB (Attitude toward mortgage, subjective norms and perceived behavioral control) explained 66.9 (R2=0.669) percent of the variance of intention of using mortgage in financing homeowership. It was found that subjective norm was the most significant factor that determines intention of using mortgage in financing homeownership. The paper recommended that the policy makers should design mortgage policies in such a way as to reflect the diverse aspiration of the people. The mortgage institutions are also recommended to have diverse mortgage windows that accommodate all cultural and social diversities of people. This paper contributed to both the body of knowledge in financing homeownership through mortgage and has implications to policy makers, mortgage institutions, investors and the general public

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: homeownership; mortgage financing; theory of planned behavior
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Technology Management and Business > Department of Real Estate Management
Depositing User: Mrs. Nurhayati Ali
Date Deposited: 10 Feb 2016 07:15
Last Modified: 10 Feb 2016 07:15
URI: http://eprints.uthm.edu.my/id/eprint/7585
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