When Your Address Is a Deal-Breaker (And How to Fix It)
Geographical discrimination in mortgage lending is rarely discussed, but it nearly derailed the homeownership dreams of a hardworking Greymouth couple. Their story reveals a shocking reality that many New Zealanders may face when seeking to buy in regional areas.
Meet our clients: a couple in their 30s with three young children who had done everything right. They'd saved $68,000 for their deposit through KiwiSaver and personal savings. Both earned stable incomes of $55,000 in secure professions. On paper, they were ideal candidates for the Kāinga Ora first home loan scheme. Yet their…
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