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MAKAZI MEMA HOW TRUE IS THIS?
danny6
#1 Posted : Thursday, August 29, 2013 11:38:09 AM
Rank: Member


Joined: 12/4/2007
Posts: 313
Makazi Mema is a new concept of affordable housing introduced by the Mortgage Company for the Low and middle income earners in Kenya.
We not only solve the problem of getting a mortgage but also provide an affordable home within your budget.
This means you get to move from being a tenant to a home owner;
i.Without having double payments for rent and mortgage
ii.Within the shortest time (maximum six(6)months)
iii.Ready designs available for you to choose from,
iv.Mortgage process made shorter, easier, and cheaper.
v.You don’t pay for all the closing costs; some are loaded on the mortgage; Legal fee, charging fee and valuation fee.
vi.Whether salaried or in business you can qualify.
vii.Live where you want.

Please see attached offer for very affordable housing by The Mortgage Company. In a nutshell, you show them your plot, they build you a house in 6months. You can take a mortgage @12% for up to 20 years or pay cash !

2 bedroom house from Kshs. 1.5M. Mortgage 16,500/- per month

3 bedroom house from Kshs 2M Mortgage 22,000/- per month

4 bedroom house from Kshs. 3M Mortgage 33,000/- per month.

McReggae
#2 Posted : Thursday, August 29, 2013 11:50:08 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
We had a talk from them some times back and they for sure are doing it.....the interest rate though was quoted at 16%
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
danny6
#3 Posted : Thursday, August 29, 2013 12:03:53 PM
Rank: Member


Joined: 12/4/2007
Posts: 313
@mc
any proof of some units they have done around?
McReggae
#4 Posted : Thursday, August 29, 2013 12:13:56 PM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
danny6 wrote:
@mc
any proof of some units they have done around?


The presentation was last week, they said the had slowed down but the makao project was now beinf revived full throttle!!!....I'm yet to follow up on more details!!!!

HFCK Makao building solution!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
Museveni
#5 Posted : Thursday, August 29, 2013 2:12:52 PM
Rank: Member


Joined: 8/16/2012
Posts: 660
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