Mortgage Loan
Necessary documents
First-time home owner
- Deed of Property
- Up-to-date WASA clearing certificate
- Up-to-date land and building taxes
- Valuation Report
- Insurance Coverage
- Copy of lease agreement (where necessary)
Previous home owner
Same as above
Maximum value & repayment period
Minimum of 120 mths – 10yrs or a maximum of 240 mths – 20yrs
Debt service ratio
50%
Interest rate
First-time home owner –
5% per annum/0.417% per month on reducing balance
Previous home owner –
6.99% per annum/0.583% per month on reducing balance
Ratio
6:1
How much can you borrow? Let's find out.
Step 1
Enter the interest rate
%
Per month on the reducing balanceStep 3
Enter the repayment period
mths
Your monthly payment
$0.00