Home Finance Company (HFC), the country’ leading mortgage financial institution in the country last week re-launched the second phase of its Homesave Account promotion.

The Account allows customers of the bank to save up to five million (5,000,000) cedis and that qualifies them to enter into a draw with other participating customers.

The draw, however, takes place after a period of six months and the person gets the opportunity to own a two bedroom house. It however takes regular savings to build up one’s deposits as well as the right credit profile to merit a long-term mortgage loan.

The bank says savings must be up to 25% of the cost of the property before a loan could be advanced.

HFC currently runs four main banking services in the areas of commercial banking, foreign trade services, mortgage banking and that of investment banking.

Other minor services are stock brokerage, property valuation and property management.

The first winner of the Homesave Account promotion Edwin Randolph could not hide his joy when he spoke with dailyEXPRESS. He encouraged other customers of the bank to take advantage of the offer and participate.

The Executive Director- Finance and Investment at HFC Akwete Akita said the re-launch is in fulfillment of a promise made to their valuable customers to put a house on offer to Homesavers each year.