Breaking down barriers to homeownership is what drives our passion as mortgage advisers. In this heartwarming episode, we share a success story that proves there's always hope for aspiring homeowners, even when mainstream banks say "no."Meet a remarkable family with three young children who faced significant obstacles on their homeownership journey. Despite having a steady occupation, the father had changed employers to support his family's needs, disqualifying them from Kāinga Ora's First Home Loan programme despite meeting income requirements. When traditional banks wouldn't consider their application, we discovered a creative solution through a second-tier lender that allowed them to enter the property market with their 10% KiwiSaver deposit.We explore the strategy of using non-bank lenders as a stepping stone, revealing how after just three months of proven payment history, clients can often refinance with mainstream banks through dollar-to-dollar refinance options. This approach proves particularly valuable in today's buyer's market, where Wellington property values have decreased by 3%. By entering the market now rather than waiting months to meet conventional lending criteria, buyers can build equity sooner and avoid being priced out by potential future market increases.The podcast delves into common misconceptions about first home buying programmes, clarifying that income caps are just one of several eligibility factors for Kāinga Ora loans. We emphasize that homeownership remains achievable for many Kiwi families on average incomes through strategic planning and exploring alternative lending pathways.Have you been turned down by mainstream banks? Don't lose hope – talk to us about finding your unique pathway to homeownership. We're passionate about helping families achieve their property dreams, no matter what obstacles stand in their way.Send us a text Support the showBuy your first home in NZ Weekly Webinars You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are! Join Here - https://bit.ly/4m9SL72

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