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KUSCO Housing Fund
winmak
#21 Posted : Tuesday, November 21, 2017 8:45:51 PM
Rank: Member


Joined: 12/1/2007
Posts: 538
Location: Nakuru
saved with them for 2 years then pulled out, my reasons were:
1. the idea of them co-owning the property during the payment period, in case of job loss they'd foreclose on me at a throw away price just to get their money
2. The overheads involved become costly and the 14% corrected can result to a higher figure i.e. the valuation, processing fee, legal processes to change the title into joint ownership are all borne by you
3. I had access to a facility that charged less interest
For investors as a whole, returns decrease as motion increases ~ WB
webish
#22 Posted : Thursday, November 23, 2017 1:16:25 PM
Rank: Member


Joined: 10/19/2009
Posts: 671
Location: Nairobi
kangi wrote:
@Webish et al. Any recent updates on this facility? i Have just joined and wish to aggressively save to access and remain a member.


Hi @kangi ,
Yes, after approximately 3 years saving, I signed up for my first long term loan with them.
My experience has been good so far, now almost completing the 1st year of Repayment.

They recently made an attempt to adjust their fixed rate.. I think from 14 to 13.xx cant remember well. In response to the Banks' flat of 14%.


I still appreciate that it's a Fixed rate 14%. Lump sums are well accepted , periodic statements etc.

I'm hoping they will increase the 7M limit in near future.


Life is joy, death is peace, but the transition is very difficult.
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