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mortgage or bank loan?
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jano
#1 Posted : Thursday, September 08, 2011 2:56:40 PM
Rank: New-farer


Joined: 7/12/2011
Posts: 57
Location: nairobi
am wondering what is cheaper,is it taking a mortgage or taking a bank loan,get cash money and build?
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Gordon Gekko
#2 Posted : Thursday, September 08, 2011 3:25:55 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
The interest paid on a mortgage is tax deductible to a maximum of ksh 150,000 a year. In English, this means you will reduce your taxes by ksh 45,000 (30% of 150,000) each year.
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Kaykay
#3 Posted : Thursday, September 08, 2011 3:31:16 PM
Rank: New-farer


Joined: 7/14/2011
Posts: 27
Location: Mombasa
You have to factor in the cost of land now and also the purported increase in cost of materials and you will find that you may spend the same as an already built house. The comfort is that your own house will be custom built. I think that this is the advantage left by the building of one's own home.
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african coloner
#4 Posted : Thursday, September 08, 2011 4:22:45 PM
Rank: Member


Joined: 10/8/2010
Posts: 446
Location: london
Kaykay wrote:
You have to factor in the cost of land now and also the purported increase in cost of materials and you will find that you may spend the same as an already built house. The comfort is that your own house will be custom built. I think that this is the advantage left by the building of one's own home.



you need to do more researching mate, building yourself is and will be allways cheaper than buying, not only in building even brewing your own beer, infact they dfference s allways more than a quarter.
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Edyth
#5 Posted : Thursday, September 08, 2011 5:05:36 PM
Rank: Hello


Joined: 9/1/2011
Posts: 4
Gees, am so happy to finally become a member, well and be able to log on too.
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kangi
#6 Posted : Tuesday, November 15, 2011 5:29:45 PM
Rank: Member


Joined: 7/23/2009
Posts: 526
Edyth wrote:
Gees, am so happy to finally become a member, well and be able to log on too.


@Edyth did you succeed and what are the rates at the moment?

Am looking for the best rates and deal in town, kindly advice.
Accept no one's definition of your life; define your life.
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githundi
#7 Posted : Tuesday, November 15, 2011 6:21:09 PM
Rank: Veteran


Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
Edyth wrote:
Gees, am so happy to finally become a member, well and be able to log on too.

Welcome aboard darling.
Democracy does not belong to the dead
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kangi
#8 Posted : Tuesday, November 15, 2011 7:06:08 PM
Rank: Member


Joined: 7/23/2009
Posts: 526
githundi wrote:
Edyth wrote:
Gees, am so happy to finally become a member, well and be able to log on too.

Welcome aboard darling.


oh @Edyth sorry I misunderstood the post.I thought you had succeeded in getting a mortgage.Welcome to Wazua, the best ever for Kenyans.
Accept no one's definition of your life; define your life.
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ngapat
#9 Posted : Tuesday, November 15, 2011 7:54:33 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
kangi wrote:
githundi wrote:
Edyth wrote:
Gees, am so happy to finally become a member, well and be able to log on too.

Welcome aboard darling.


oh @Edyth sorry I misunderstood the post.I thought you had succeeded in getting a mortgage.Welcome to Wazua, the best ever for Kenyans.


welcome. Your rank is hello. You are yet to rank a membersmile
“Invest in yourself. Your career is the engine of your wealth.”
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