Saturday 6 September 2014

Finance, Loan, Home Equity

Home Equity Loan:


borrow against the equity built up in your house 
taking a loan against the value of your home.
difference between the home's market value and the amount owed on mortgage.
used to build home additions
debt consolidation
interest rates very reasonable
range from 15 to 20 years
for those looking to borrow large amounts of money
interest is tax deductible
can easily get in over their heads by mortgaging homes to the hilt.  
dangerous  where only one family member is the breadwinner,
ability to repay hindered by person's death or disability.
1% increase in interest rates could mean difference between losing and keeping your home  
life/disability insurance used to help protect 



1.     Home loans - Stanbic Bank

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2.     Exim bank - Nyumba Yangu Loan

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3.     Equity Bank Tanzania • Diaspora Mortgage Plan

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4.     Tanzania Mortgage Refinance Company Limited (TMRC) is ...

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5.     Unsecured Personal Loans - Standard Chartered Bank

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6.     Home Finance::BANK OF AFRICA

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7.     Mortgage Financing - Bank of Tanzania

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8.     Personal Loans - CRDB Bank

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9.     Tanzania - Loans & Credits - World Bank



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