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What are the forex (USD) mortgage products in the market?
Rank: New-farer Joined: 12/18/2010 Posts: 21
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KCB/S&L has a forex (USD) mortgage product targeting the diaspora with rates pegged at 7%. Any other such products in the market?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Interested wrote:KCB/S&L has a forex (USD) mortgage product targeting the diaspora with rates pegged at 7%. Any other such products in the market? Hey..I intended to bring KCA S&L to your attention when I saw the thread but seems U r already in the know. Cheers. www.kcbpropertyguide.com
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Rank: New-farer Joined: 5/28/2011 Posts: 27
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also curious to know that..
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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Cde Monomotapa wrote:Interested wrote:KCB/S&L has a forex (USD) mortgage product targeting the diaspora with rates pegged at 7%. Any other such products in the market? Hey..I intended to bring KCA S&L to your attention when I saw the thread but seems U r already in the know. Cheers. www.kcbpropertyguide.com So the loan is dollar denominated?? and you pay back in dollars?? Is it only for diasporeans or can I get it from Kenya and just buy the dollars on the markets and pay my mortgage???
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Rank: User Joined: 5/3/2011 Posts: 559
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tony stark wrote:Cde Monomotapa wrote:Interested wrote:KCB/S&L has a forex (USD) mortgage product targeting the diaspora with rates pegged at 7%. Any other such products in the market? Hey..I intended to bring KCA S&L to your attention when I saw the thread but seems U r already in the know. Cheers. www.kcbpropertyguide.com So the loan is dollar denominated?? and you pay back in dollars?? Is it only for diasporeans or can I get it from Kenya and just buy the dollars on the markets and pay my mortgage??? It doesn't make any financial sense to sign up for a foreign denominated instrument and have to buy the foreign currency within the homeland to service the instrument unless you enter into some sort of a swap agreement or there is an obvious arbitrage but in this case the disparity between USD denominated interest rate and Ksh denominated interest rate is effectively off set by the inflation and therefore exchange rates!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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tony stark wrote:Cde Monomotapa wrote:Interested wrote:KCB/S&L has a forex (USD) mortgage product targeting the diaspora with rates pegged at 7%. Any other such products in the market? Hey..I intended to bring KCA S&L to your attention when I saw the thread but seems U r already in the know. Cheers. www.kcbpropertyguide.com So the loan is dollar denominated?? and you pay back in dollars?? Is it only for diasporeans or can I get it from Kenya and just buy the dollars on the markets and pay my mortgage??? F-WMD!
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Wazua
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What are the forex (USD) mortgage products in the market?
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