When people begin looking for a home, much of the conversation is about measurements, prices, floor plans, bedrooms, bathrooms, parking spaces and location. Buyers compare one property with another, study layouts and calculate whether the numbers make financial sense. But years later, many homeowners may remember something very different. They may remember the day they received their keys. They...
For decades, Kenyan homebuyers seeking commercial bank mortgages faced unpredictable interest rate adjustments. Banks frequently cited shifts in the Central Bank Rate (CBR) or internal cost-of-funds metrics to justify sudden spikes in monthly mortgage repayments. The Central Bank of Kenya (CBK) completed a major policy shift under its Risk-Based Credit Pricing Model (RBCPM), mandating that all...
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