Thursday March 28, 2024
My Residential Mortgage Loan
This is a loan for the acquisition of a house or property. The loan is principally collatarized by that particular real estate and is used for residential purposes. This could be in variants of single family or multi-family depending on the type of house/building. The options under residential mortgage loans are:
My Home Purchase Mortgage Loan
This is a Residential Loan that is acquired to finance the buying of a real estate/landed property which should be for residential purpose only. The house type can be for single family or a multiple family unit.

Equity Contribution:
  • Civil Servants – 20%
  • Other Employees – 30%
  • Self Employed – 50%
Tenor:
  • Maximum tenor of 10 years
My Home Construction Mortgage Loan
This is a loan acquired to finance the construction of residential real estate. It is secured by the real estate being constructed. In most cases, the Customer already owns the landed property.

Equity Contribution:
  • Civil Servants – 20%
  • Other Employees – 30%
  • Self Employed – 50%
Tenor:
  • Maximum tenor of 10 years
My Home Improvement Mortgage Loan
This loan is acquired to finance the renovation or remodelling of a property. While home renovations often refer to building projects that alter the structure of an existing home, it can also include improvements to lawns, gardens and outdoor structures such as garages.

Equity Contribution:
  • Civil Servants – 20%
  • Other Employees – 30%
  • Self Employed – 50%
Tenor:
  • Maximum tenor of 10 years
My Home Refinancing Mortgage (Previous loan)
This is the process of paying off an existing loan by taking a new loan using the same property as security. It is a loan that is acquired to replace an existing mortgage obligation.

Tenor:
  • Maximum tenor of 10 years
My Home Equity (Equity Release - Cash Out)
My Home Equity is the process of freeing up surplus funds, which would have remained part of the dormant value of a property. It is defined as a process that allows the customer to release cash from his property as one lump sum or in instalments.

Tenor:
  • Maximum tenor of 7 years
My Commercial Mortgage Loan
This is a loan that is collateralized by real estate and in which the real estate is used for business purposes. It is typically taken on by businesses instead of individual borrowers. The borrower may be a partnership, incorporated business, or limited company. Examples of commercial mortgages are build/buy to let, rent or lease etc.

Equity Contribution:
  • Civil Servants – 50%
  • Other Employees – 50%
  • Self Employed – 50%
Tenor:
  • Maximum tenor of 10 years.
Our Clients
Northern Foreshore Estate
Friends Colony Estate
Bourdillon Court Estate
Milverton Court Estate
Napier Garden Estate