The Greenhouse, 2nd Floor
Adams Arcade, Ngong Road
P.O. Box 29310-00100, Nairobi
Tel: +254 729 933955, +254 737 933955
|What are the requirements if I want to build?|
(See above under build or buy)
However, there is a risk in renting a house since you are at the mercy of the landlord, whilst ownership would mean you have no landlord to worry about. In addition, though mortgage payments may stretch your finances in the first few months, over time, you get used to making the payments and the fact that your house is yours, you feel encouraged to ensure that you pay your mortgage on time.
- Hass Index Report Quarter 2 2014
- Mortgage market energized by new rates and policies
- Hass Property Index Q4 2013
- Mortgage Special Report Q4 2013
- The Mortgage Special Report Q3 2013
Is it better to have a large deposit rather than pay off debt?
What the experts say
False, a common mistake for first time home owners is to focus on saving as much money as possible for a down payment instead of paying off other debts. A better approach is to use extra cash to eliminate credit-card and other high-interest consumer debt even if that means you can put down less on your future home.
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