All about loans in Kenya
Once you find a home that meets your preferences, needs and budget, it’s time to apply for your loan. You’ll need to select a lender and complete an application. Depending on the lender, you may be able to apply in person, by phone or online. All lenders require you to […]
Whatever your reasons for buying a new home in the USA, you need to understand the type of mortgages available, and the steps needed to get one set up. This handy guide covers which banks offer mortgages and home loans in the USA to non-residents, the paperwork you’ll need to […]
Current and former service members are in many ways the ideal loan recipients, mortgage experts say. That sentiment should boost the confidence of any troops or veterans looking for the best mortgage options for buying their first homes. As should the benefits of VA loans, which offer generous terms to […]
Borrowing against home equity can be a convenient way to access cash, but it also carries risk, as millions of Americans learned in the housing crisis of 2008. If you’re considering it, here’s what you need to know. It’s getting (slightly) easier to qualify. Since clamping down on credit after the […]
Type of mortgage: Your risk tolerance will determine the type of mortgage you take. While a fixed mortgage helps you budget since the monthly payments are fixed, you may end up paying more in the long run. A variable mortgage can help you pay less in interest if rates drop – […]
For first-timers, navigating the mortgage process can be a tad overwhelming. It can take over 2-5 months with many meetings with your lender. While it’s not the most complex homeownership route, understanding how it works can help you streamline the process, save time, and get the best deal. But before […]
In the current Kenyan market, several options are available for you to acquire a home. First, you could buy it through an instalment plan, pay in a lump sum or go the mortgage way. Today we shall talk more about the mortgage option by shedding light on the two common […]
Although construction loans in Kenya can be costly with comparatively high-interest rates, the fact is- we’ve seen developers who’ve calculatedly leveraged them for successful real estate projects. On the flip side, however, reports from various banks show that a fair number of the funded projects usually bite the dust. And as […]
So you have decided to purchase a commercial property for investment, which one of the commercial mortgages will you have you choose from? Mortgage loans can be divided into two categories: Owner-occupier mortgages: This is used to buy a property that will be used as trading premises for your business. Commercial […]
The process of applying for a construction loan in Kenya will cost you not only time but also a considerable amount of money. You see, the bank won’t be paying your project manager, architect, civil engineer, quantity surveyor, or other project consultants. You’re required to appoint them in advance, and […]