Our tips, guides and mortgage calculators can help you work out how to manage your home loan, pay your home off more quickly or get into your next home.
Take away the amount still owing on your home loan and any other debts you may have secured against it from the property’s current market value. This is your equity.
When you buy your first home, to begin with, your equity will likely be your deposit.
When you apply for a home loan, you’ll generally need a deposit of 20% of the value of the property you want to buy. This will go towards your home loan and can also be used to pay a sales deposit on the property you want to buy.
Standard terms and conditions
Kiwibank’s lending criteria, terms and conditions and fees apply.