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What home buyers must know before getting a mortgage

One of the biggest concerns you may have about a mortgage is the fear of taking long repayments as opposed to taking an unsecured loan. [iStockphoto]

Recent research by The Kenya Institute for Public Policy Research and Analysis (Kippra) showed that the majority of individuals who own homes in Nairobi acquired the properties in cash, revealing the gap that exists in access to affordable financing for home loans.

Experts reckon that many people fear mortgages because they are often perceived as a product for the well-off.

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