Mortgage finance: determinants of the inputs to mortgage finance in Kenya
Kikunze, Sharleen Mbete
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A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise money to buy the property to be purchased or by existing property owners to raise funds for any purpose. Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property. My project will focus on the inputs to these types of mortgages. The mortgage market in Kenya is the third largest in sub-Saharan Africa after South Africa and Namibia and is also the largest in Kenya. The major type of lending at present is the overall lending by commercial banks for the real estate purposes. This includes lending for commercial properties and other real estate linked activities such as private housing . Mortgage lending in Kenya is predominantly done by banks . Of the 45 banks and one Mortgage Finance Company in the Kenyan banking system, 25 of them have mortgage portfolios of differing sizes.