Property Now
Can I afford an investment property in NZ? (Use this spreadsheet)
Finding out if you are ready to buy an investment property comes down to 2 things…
If you have enough deposit
If you have enough income.
The banks use LVRs (Loan-to-value ratio) to find out if you have enough deposit…
And to test your income, they use UMI: (Uncommitted monthly income) and DTI: (Debt-to-income) to see if you can service the mortgage.
Ok, now for the legal bit:
The information and opinions on this channel are for your general information. It’s not financial advice. So the hosts aren’t telling you what to do with your own money.
We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong.
Make sure you do your own research or talk to a financial adviser before making any financial decisions. See our Disclosure information here.
Related videos in this series
How to 5x your returns in property investing⎥Ep. 2020
How to 5x your returns in property investing⎥Ep. 2020Am I middle class?⎥Ep. 2013
Am I middle class?⎥Ep. 2013