How may the removal of mortgage interest deductions hurt your borrowing power?

NZ new housing policy 2021: home mortgage interest tax deductions on rental property will be removing - the interest expenses will not be able to offset against the rental income starting from 1 October 2021.

In this video, we’ll explain the why and share our view on how banks may change their lending polices to cope with the newly released housing rules. What’s more, we’ll use an example to quantify how your borrowing power may be reduced once the new policies become effective, so that you can understand the urgency of applying for a home loan before it’s too late.

Video Timeline:

1. Recap on new housing rules: the removal of interest deductions on residential investment property - 00:41

2. How the policy changes may reduce your borrowing power? - 02:29

Learn more (blog version): https://prosperityfinance.co.nz/blog/how-may-the-removal-of-interest-deductions-hurt-your-borrowing-power-

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Видео How may the removal of mortgage interest deductions hurt your borrowing power? канала Prosperity Finance_NZ Mortgage Broker