INVESTING INSIGHTS Ep 14: Can You Really Afford That Mortgage? Here's How to Know.

For many Ugandans, the traditional path to homeownership has been to save 100% of the money first and build gradually in phases. While this approach has worked for generations, today's fast-moving property market means land and construction costs continue to rise, making delayed decisions increasingly expensive.

A mortgage is a long-term loan that allows you to purchase or build a home while repaying the cost over an agreed period, rather than waiting years to save the full amount upfront. In this episode of Property 360, Harold Muzira, Manager Informal Sector at Housing Finance Bank, breaks down the hard math behind mortgages, explains the impact of aggressive principal paydown, and highlights the crucial difference between what you qualify for and what you can genuinely afford before taking the next step toward homeownership.
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