The security of owning the roof over your head, the feeling of contentment, satisfaction and fulfillment is the wish of most, if not all. Most of Botswana’s youth are still renting and are still finding it difficult to own their own home, however banks are trying to close the gap with bringing solutions that can see Batswana empowered towards home ownership.
Recently First National Bank Botswana (FNBB) launched a home loan mortgage solution of up to 105 percent cover for first time homebuyers and with no upfront deposit, which is the first of its kind in the Botswana market. This is a golden opportunity for Batswana to own their first home. “Home ownership is one of the best ways of creating wealth as the value of the asset increases over time, therefore if one maintains consistent repayments into their mortgage they are well positioned to take financial advantages of home ownership,” said FNBB Head of Home Loans, Kelebogile Shala Mading.
