Arts and Social Sciences Journal

Cheptoo B

Publications

• Research Article
  Socio-Demographic Factors Associated with Awareness of Mortgage Plans in Langas Suburb Uasin Gishu County: A Cross Sectional Study
  Author(s): Koech J, Korir B, Rutto D, Koech S, Kimeli V, Cheptoo B and Kimani EKoech J, Korir B, Rutto D, Koech S, Kimeli V, Cheptoo B and Kimani E
  
  Mortgage is a long-term commitment that ties a prospective homeowner down to mortgage repayment for a long period usually more than 10 years and transfer of a legal or equitable interest in a specific immovable property for the payment of debt. Although mortgage helps an individual to acquire a home (house/land), it carries with it a huge responsibility, that of repaying the loan. This may be a hard task and even at times impossible due to the bottlenecks held by the economy and investors. These include; high rates of interest on mortgages, extortion by investors, poor saving culture, lack of stable employments and lack of awareness. The study aims at assessing socio-demographic factors that make individuals in middle-income economies to adopt mortgage plans. The study mainly targets the proportion of people who do not meet the requirements for the current mortgage plans. Primary meth.. Read More»
  

  Abstract PDF