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johnbothas
#21 Posted : Tuesday, February 15, 2011 8:19:16 PM
Rank: New-farer

Joined: 2/15/2011
Posts: 5
Location: US
Think of it as a personal guarantee to repay money borrowed to buy a house. On mortgages of all shapes and sizes, each with advantages and disadvantages. Be sure to select the mortgage that best suits your needs, your future and your financial situation.
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  | | Edit by moderator: Tuesday, February 15, 2011 8:30 PM | Reason: Spelling corrected
For Sport
#22 Posted : Tuesday, February 15, 2011 8:38:20 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
johnbothas wrote:
Think of it as a personal guarantee to repay money borrowed to buy a house. On mortgages of all shapes and sizes, each with advantages and disadvantages. Be sure to select the mortgage that best suits your needs, your future and your financial situation.


Check post no. 15 & 16. reading is a painless exercise. it doesnt hurt to see what everone's saying before posting.

Ok - i get it. You're talking with / to yourself.
http://www.wazua.co.ke/f...=149087&#post149087 (post no.6)

ok - i must be really idle. i'll call it a day.
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  | | Edit by user: Tuesday, February 15, 2011 8:55 PM | Reason: add info.
Seles83
#23 Posted : Thursday, February 17, 2011 2:42:27 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
mukiha wrote:
If you are looking for 100% funding, then you don't deserve the funding! In my village they say that God only helps those who help themselves!

Check out also, Eco Bank [used to be EABS and have expanded big time with Nigerian cash...dying to dish it out] and Co-Op Bank.


100% financing is good indicator of real estate crush...the government should not allow that kind of risk exposure...

More monies, more problems...
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pessa
#24 Posted : Thursday, February 17, 2011 9:32:56 AM
Rank: New-farer

Joined: 12/30/2010
Posts: 41
Location: Africa
the problem with the 100% mortgage is that very very few developers will be willing to wait for your mortgage to mature without a deposit on the house. Another thing is that you will only get a complete house and complete houses are more expensive than off plan or under cosntruction units. So no good deals for the houses. You can come up with an arrangement to pay the deposit to the developer and he could pay u back when he gets the payment from the bank.
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