Most people assume borrowing power comes down to one thing: income.
The common belief is simple. Earn more money and you'll be able to borrow more. While income certainly plays an important role, it's only
one piece of a much larger puzzle.
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Saving a first-home deposit has become one of the biggest hurdles for buyers entering the property market.
While many people can comfortably service a mortgage, pulling together a sufficient deposit often takes years. That's why family support is
playing an increasingly important role in helping first-home buyers get across the line.
Live webinar. We're joined by two of Kiwibank's economists — Chief Economist Jarrod Kerr and Alexandra Turcu — for an honest hour
on where the New Zealand economy is actually heading.
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One of the biggest points of confusion for homebuyers - especially first home buyers - is the word “deposit.” One thing that catches a lot of buyers out is that there are actually two different types of deposits involved when purchasing a property.