Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's what's actually changed for mortgages, and how you can take advantage of it. Hosted by Frances Cook.
Listen to "Cooking the Books: What do the mortgage changes mean for you?" on Spreaker.
For those who feel home ownership is out of reach, there's been some welcome news in the past week.
The Reserve Bank has loosened the mortgage rules, making it easier for people with a small deposit to be approved.
Of course, those with a small deposit are usually first-home buyers.