All about loans in Kenya
Mortgages are becoming more accessible, and a conventional way which buyers are using to acquire properties. Mortgages are mainly being used to purchase homes. Therefore, buyers take mortgages to assist them in purchasing a property. Most of the creditors in Kenya will require the borrower to provide a title deed as […]
In Kenya, banks are the leading mortgage lenders. However, insurance companies and other financial institutions offer mortgage loans to Kenyans. In 2018, the Finance Cabinet Secretary, Henry Rotich, announced the Kenya Mortgage Refinancing Company (KMRC) formation. The non-bank financial institution aimed to offer affordable long-term funding. As a result, banks and other […]
Raising a high down payment is a sure way of getting a great mortgage deal. Buying a home is the most expensive transaction that most Kenyans will ever make. Since most people do not have that kind of money in cash, a mortgage — in which you borrow cash from […]
If you are like most people, you will agree that owning a house or a home in Kenya today is one of the most accomplished undertakings. It is expensive and frustrating to do that. The cost of land is ever-rising; the price of construction materials is on the roof, and […]
For many Kenyans, owning a home is a lifelong dream that is possible presently more than ever thanks to several cheap mortgage rates in Kenya today. A mortgage is a loan in which the property or real estate is used as collateral. The borrower (you) enters into an agreement with the lender (often a […]
Owning a home is most people’s dream. But it comes at a cost. Compared to other real estate financing options, mortgages remain the common way to purchase a home globally, but Kenyans remain skeptical of them and the mortgage uptake in Kenya is still nothing to write home about. Mortgage Projections […]
Buying a home is a major milestone in life. But, it’s also a big financial decision. While it might seem like there are many steps involved with getting a mortgage, your journey can be made easier and more seamless if you know what to expect and how to prepare for […]