The Mortgage Company,
The Greenhouse, 2nd Floor
Adams Arcade, Ngong Road
P.O. Box 29310-00100, Nairobi

Tel: +254 729 933955, +254 737 933955
Email: info@tmcafrica.com
www.tmcafrica.com
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What are the requirements if I want to build?

(See above under build or buy)

Should I rent or buy?

(Insert rent or buy calculator)
Rental accommodation always sounds more logical than ownership as most people are unsure of their income abilities to pay off a mortgage and a fear that their property could at some moment in time be auctioned by the bank.

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.

 

 

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Did you know

Don't tell any lies

What the experts say

TRUE, If you lie - eg about a bad credit history - it will very probably be spotted by the mortgage lender and prevent your chances of a mortgage. Honesty is the least complicated and best policy.

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