Some potential borrowers worry that banks penalise customers who repay mortgages ahead of schedule because lenders lose expected interest income.
By
Marion Sitawa
Correspondent
Nation Media Group
You walk to your bank and take a Sh30 million mortgage. The repayment period is 20 years, giving you monthly instalments that comfortably fit your income.
Making regular mortgage overpayments can be a great way to save thousands of pounds in interest
Chartered accountant Paaras Gangwal advises caution on home loan prepayments. He explains that early loan prepayments yield…
Chartered accountant Paaras Gangwal advises caution on home loan prepayments. He explains that early loan prepayments yield…
A chartered accountant warns that home loan borrowers often overlook the total repayment, which can double the initial amount. He…
With rates so high and budgets stretched, an increasing number of families are considering a part and part mortgage, experts say
Even if the peace of mind a paid-off mortgage offers sounds appealing, it is not necessarily the right move financially
