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Own Your Own Home With Little Or No Deposit RequiredIf you’re like most Kiwis, you’d love to own your own home rather than rent someone else's. The hard part is that sometimes it is easier dreamed than done. The maximum loan amount that can be borrowed under the Welcome Home Loan, has risen to $350,000 in high priced areas such as Auckland and Wellington. (15% deposit is required for the portion of lending that is over $200,000). The maximum household income of $85,000 per annum for 1 - 2 borrowers. The maximum household income of $120,000 per annum 3 or more borrowers Will a permanent disability end your financial security?Becoming permanently disabled would mean a total change to you and your family’s life. People who become disabled must come to grips with a whole new way of life. Out of a total number of 570,300 disabled adults in New Zealand, 92,700 require a high level of support. This equates to 3% of the total adult population. For 37% of disabled adults, the cause of disability was disease or illness1. Your solution is taking out some Total & Permanent Disablement Cover (or TPD Cover)
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