5% Deposit Home Loans: What Actually Changes When You Have Less Than 20%?
Buying with a 5% or 10% deposit in NZ? How the LVR rules, low equity margins, the Kāinga Ora First Home Loan and bank criteria change when you have less than 20%.
Direct to the Bank or go to a Mortgage adviser?
We hear this debated on social media all the time – people saying go directly to the bank for a home loan while others say you should use a mortgage adviser. To help answer this we decided to do a short article and to focus on just the one main reason why going directly to the […]
The Kāinga Ora Maintenance Clause (for First Home Loans)
Are you buying your first home with the Kāinga Ora low deposit First Home Loan scheme? If so, you need to know about the eligibility rules and the maintenance clause. Kāinga Ora requires that any maintenance on the property costs less than $10,000 to repair. You must also be able to afford those repairs, and […]