In Episode #17, we discuss the 5 reasons why your mortgage application for your first home might be declined.
- Not enough of a deposit
- Not able to afford the mortgage
- "Poor account conduct"
- Bad credit rating
- Not being with the bank you're applying to.
Have one of them, you may be ok. Have 2 or more and it could be bad news.
We also talk through how to work your way through these, if you any of these apply.
To find out more about the podcast and property investment in general, check out our Epic Guide to Property Investment in NZ.