PREMIUM Cheap or costly? How your choice of mortgage could save you millions Borrowers should compare and choose lenders carefully. DN2 16 min ago
While one borrower secures an affordable fixed-rate mortgage through a Kenya Mortgage Refinance Company (KMRC)-supported lender, another may take a conventional commercial bank mortgage with a higher interest rate or variable pricing.
The difference between an affordable mortgage and an expensive one could amount not merely to lower monthly repayments, but to millions of shillings saved over the lifetime of a loan and the peace of mind that comes with owning a home without overwhelming financial strain.
Photo credit: Shutterstock Although the gap may appear small at first glance, financial experts say it significantly affects monthly repayments and the total cost of home ownership.
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