Case#1
Adam is 24, single, employed, earning $80,000, with a 15% deposit to buy $500,000 property
KRIS PEDERSEN SAYS: This client may actually be bankable. Key factors will be stability of employment and likelihood of income increasing. I am working off no outside debt obligations.
Case#2
Steven and Michelle are 40, married, both employed earning a combined $200,000, with a 5% deposit wanting to buy $350,000 property.
PEDERSEN SAYS: NZ Credit Union may be an option here as they can do 100% up to purchase prices of $250,000 and then 15% on the portion above so a $15,000 requirement here when the clients have $17,500. Note that there can be regional restrictions and other criteria. Resimac and Liberty may be also worth looking into based off the strength of income.…
