Understanding how loans work and how to pay off your home loan faster

 I met James* at a training we facilitated last week. James took a mortgage of Sh10 million five years ago to buy his home. James expected that after five years of making consistent monthly payments of approximately Sh140,000 without defaulting, he would be pleasantly surprised to find out how much he had actually paid down.
Understanding how loans work and how to pay off your home loan faster first appeared on Bizna Kenya Read More