Unaweza chukua loan ili upate nyumba?

Yes or no but before unipee jibu

Let's learn

What is a Mortgage?
A mortgage is a loan from a bank or Sacco to buy a house. You make a down payment (usually 10-20%) and repay the loan in monthly installments over 10-30 years.

How Mortgages Work 🏦 Bank lends you money to buy a home
💰 You repay in monthly installments (principal + interest)
📜 The bank owns the house until you clear the loan

Advantages of Mortgages ✅ You own the house immediately ✅ Longer repayment period = manageable monthly payments
✅ Builds equity over time (you gain value as you pay)
✅ House value may increase, growing your wealth

Disadvantages of Mortgages
❌ High interest rates(currently ~13-16% in Kenya)
❌ You need a good credit score & a steady income
❌ Risk of repossession if you default on payments
❌ Additional costs: stamp duty, legal fees, valuation

⚖️ Consider your income, long-term plans & financial discipline.

💰 Either way, investing in real estate is a great way to build wealth.

Would you go for a mortgage

Let’s discuss hapo kwa comments! ⬇️ #HomeOwnershipKE