Buddy, can you spare a million? How easy is it really to get a mortgage in New Zealand?
It’s amazing, really, how many hoops you have to jump through these days just to earn yourself the privilege of borrowing hundreds of thousands dollars in a home loan. But how many hoops are we talking, exactly? How difficult is it in the current market to get yourself a mortgage? A bit tricky, says Maria Slade, author of Buyer Beware, A New Zealand Home Buyer’s Guide. For starters, you don’t really get past GO without a 20 per cent deposit…read more