Hard-built into our property sales service are direct mortgages for both resident and non-resident Ghanaians via DCANS Mortgage Ghana and DCANS Mortgage UK , respectively (both corporate siblings & part of The DCANS Group Limited).
Mortgages are one(1) of three property financing options with the DCANS Property Group - the other two being full cash payment and rent-to-buy financing via Rent-to-Buy Ghana (strictly for those who cannot qualify for any of the other two home financing options above.
DCANS Mortgages can be used to buy properties via any of the following options in Ghana:
PLEASE DON'T APPLY TO BUY AND DON'T CONTACT US ON HOME PURCHASE, IF YOU CANNOT DEMONSTRATE THE MINIMUM QUALIFYING NET MONTHLY INCOME REQUIREMENT FOR YOUR APPLICABLE BUYING OPTION ABOVE.
WE ONLY SELL TO DIRECT BUYERS - NO AGENTS PLEASE !! PLEASE DON'T CONTACT US IF YOU'RE AN INTERMEDIARY.
Irrespective of which buying route or option you're taking, the following DCANS Mortgage Features apply:
1. SELLER-FINANCED MORTGAGES (SFM)
No traditional bank or intermediary involved in our seller-financed mortgages. Our SFM financing option offers several benefits.
All our built-in direct mortgages (better than any available with any of the traditional banks), are deliberately structured to hasten the buying process without the risk of prospective buyer not being able to secure financing elsewhere to buy from us.
2. NO DOWN-PAYMENT MORTGAGES
Saving for a mortgage deposit can be a obstacle for most qualified prospective property buyers.
Whilst, you would be expected to put down minimum of 20% with the traditional banks, and they finance the up to 80% of your purchase for you, no down-payment is required when buying from us, so long as you can repayment the monthly repayment amount. Note: Monthly repayment amounts for zero down-payment mortgages are higher than
You can use our mortgage calculator to play around with the figures to suit your situation, before you apply with us.
3. NO FORECLOSURE MORTGAGES
As forward-thinking property sellers in an environment with largely undeveloped mortgage market, no buyer will ever face foreclosure under any circumstances. The group's dedicated foreclosure platforms in Ghana and the UK, which helps other mortgage buyers with any of the traditional banks out there, are there to ensure a peace of mind transaction with no fear or repossession or foreclosure.
4. FASTER PROCESSING
All properties on our platform quotes all the relevant financial details, making faster decision making possible. Our streamlined seamless buying process guarantees absolute peace of mind.
5. CHEAPER FINANCING
Because our innovative seller-financed mortgages rids it off most of the needless costs that come with traditional mortgage bank financing.
Guaranteed annual rates within 5%and 12%. Our in-house mortgage rates are benchmarked against the Bank of England (BoE), central of the jurisdiction of our primary funding source, and not against the Bank of Ghana (BoG).
5.00% - 8.00% for Non-Cedi Mortgages
8.00% - 12.00% for Cedi Mortgages
6. NO MANDATORY VALUATION
If the buyer choose to do a valuation, it's for their records as the final selling price is our sole reserve. Buyers who choose to do valuations, do so at their own cost.
7. BOTH RESIDENTIAL & COMMERCIAL
We sell both residential and commercial properties, and provides direct mortgage financing options.
8. NO EXPENSIVE CLOSING COSTS
We assist with some closing costs. No hidden or useless fees, charges and costs.
9. STAMP DUTY & VAT SUPPORT
All property transactions above a certain threshold come with taxes and levies, and are both taxes-inclusive.
10. REPAYMENT ASSISTANCE PROGRAMME
Rarely existent with traditional bank mortgages, but commonplace with us. Learn more.
11. NON-BANK ADVANTAGE
Being a direct non-bank mortgaged property sellers, we offer several advantages that traditional mortgage banks cannot provide:
- No Deposit Mortgage Options
- Low rate built-in direct mortgages
- etc
12. NO BANK ACCOUNT OPENING REQUIRED
We're not a bank, and neither is our built-in direct mortgage providers. You can keep your existing bank account with any traditional bank and not required to open any bank account with us or our preferred bank.
13. NO CREDIT CHECK
No credit check required when buying from us, for mortgage buyers. As s secured transaction, credit reports are irrelevant (if not useless) for us.
14. ASSISTED EXTERNAL SOURCING & MORTGAGE FINANCING
If you don't like any of our units, you can always opt to source an external property and have it financed by our built-in regulation compliant direct mortgage providers.
15. DISRUPTIVE ENTREPRENEURSHIP
We're disruptors, and we do so within the existing regulatory environment.
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