Buying a home can feel out of reach, especially if you believe you need a 20% house deposit in NZ. However, in this video, Simon breaks down why that’s not always the case. He highlights how first-home buyers can access home loans with deposits as low as 5%, while explaining the different options available and the considerations to keep in mind.
Throughout the video, Simon covers key points, such as the varying fees and requirements that come with lower deposit amounts and why it’s essential to speak with a mortgage advisor. He stresses that understanding the nuances between a 5%, 10%, or 20% house deposit in NZ could save buyers from unexpected costs, making the path to homeownership clearer and more achievable.
Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact an adviser from mortgagehq.