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.
As first time buyers get older and mortgage terms get longer, The i Paper talks to people who paid off their mortgage early about…
Making regular mortgage overpayments can be a great way to save thousands of pounds in interest
Should you pay off your mortgage early? See when extra payments can save interest, cut years from your loan and when investing…
Chartered accountant Paaras Gangwal advises caution on home loan prepayments. He explains that early loan prepayments yield…
What matters is how comfortable you are with borrowing and what opportunities are available to you
Chartered accountant Paaras Gangwal advises caution on home loan prepayments. He explains that early loan prepayments yield…
