Hi all,
I need some advice on the chances of obtaining a loan from the Housing Finance Kenya place that I've been researching.
I currently work full time in Karen and would like to stay permanently in Kenya. I am leasing at the moment but there is a house in the same Estate that is selling for 12million ksh. I would really like to know if it's actually possible and how hard it is to buy a house with a loan.
I have emailed them but if there was anyone who could help me with details such as how easily they grant loans and what kind of things they look for in savings and things like that. They require the job contract and all of that information but I want to know if anyone knows how they REALLY work and whether it's a good and accessible path to follow. I can afford to pay up to 50 000 pm off the mortgage - sometimes more.
It says that they grant up to 90% of the house price and you can pay it off up until your 60th Birthday.
I hope this makes some sense and if anyone could help me that would be great. Thanks very much