In Kenya’s property market, the subject of mortgages frequently ignites passionate discussions. This is primarily because homeownership is highly valued, making the price and terms of these loans a major issue. Mortgages in Kenya tend to be costly and often require repayment over a long period—typically 25 to 30 years.
But is taking out a mortgage in Kenya truly a smart move? People have differing views on this. One such opinion is shared by Dr. Mumo Muinde, the author of The Art of Money & Wealth Creation, who is firmly against the idea. He argues that getting a mortgage in Kenya could be one of the poorest financial choices someone can make. According to him, agreeing to a 15 to 25-year loan is essentially a form of modern slavery.
What drives this strong stance? Dr. Muinde presents several reasons to support his argument, urging people to think twice before committing to a mortgage in Kenya. To READ FULL story click here>> Why Taking 15 to 25 year mortgage is same as accepting slavery and see how you can safe your money.
