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April 28, 2022

Reserve Bank May Introduce Debt To Income Ratios

Comments Off Assessing Income Your First Home

In response to feedback received on its proposed policy for debt serviceability restrictions (DSRs) on residential mortgage lending, the Reserve Bank of New Zealand said it will design a framework for debt-to-income (DTI) restrictions. The Reserve Bank sought feedback in November 2021 on the merits and the potential design on a Debt

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April 7, 2022

Mortgage Advisers Are Helping New Buyers Jump Through The Hoops

Comments Off Account Conduct Assessing Income Credit Scores Home Loan Deposits Your First Home

As kids we loved to jump through hoops, but as new buyers it’s not much fun at all. New lending rules have created more hoops to jump through, cut off credit to borrowers who would have qualified only months ago, and generally shrunk the size of loans being approved. The

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