Can you really afford that home loan?
9 Oct 2024
Home Loans, First Home Buyers, Managing your home loan
Lincoln Davie
In New Zealand, banks conduct Stress Testing on all home loan applications as a risk management practice to ensure that borrowers can withstand potential financial pressures. The results of this test can impact your ability to qualify for a home loan, and at the very least, on the amount you might be asking for.
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