15 African Countries With The Lowest Mortgage Rates...

#mortgage #mortgagerates #mortgageloan

Having shelter over one's head is a basic fundamental need. Nobody wishes to spend the rest of their life paying rent to some landlord. Unfortunately, owning a home anywhere in Africa is really expensive due to several factors including the issue of high mortgage rates.
A mortgage also referred to as a mortgage loan, is an agreement between you (the borrower) and a mortgage lender to buy or refinance a home with money provided by the lender. This agreement gives lenders the legal right to repossess a property if you fail to meet the terms of your mortgage, most commonly by not repaying the money you’ve borrowed plus interest.

A mortgage rate is the rate of interest that is charged on a mortgage loan. It is the amount of interest that a borrower must pay to the lender in addition to the principal amount borrowed. Mortgage rates can be fixed, meaning they stay the same for the entire duration of the loan, or variable, meaning they can change over time based on market conditions.

So, have you ever thought about purchasing a property in Africa? Well, worry no more as we are about to take a look at the 15 African countries with the lowest mortgage rates in 20 23 so watch this video to the end to find out. Let's begin.

Other videos you will love on our channel;

The 10 African countries that send the most money home:https://www.youtube.com/watch?v=jWg74RrRcOI

How and Why China Tried to Erase their Muslim Population:https://www.youtube.com/watch?v=HMIbL-eoeAY

The Best African Countries to take a business loan:https://www.youtube.com/watch?v=mEBszuarSgw

How the British Royal Family made its fortune:https://www.youtube.com/watch?v=CNVrpfH4Rkc
FOOTAGE licensed through Storyblocks

Видео 15 African Countries With The Lowest Mortgage Rates... канала The New Tourist