Finance for your Tiny House
In an ideal scenario, you would be a current homeowner (or have an understanding friend or family member to help) and refinance the existing mortgage to buy your tiny house. Home loan finance rates are pretty low in comparison to personal finance so the interest costs will be less. We can recommend a fantastic mortgage broker below if you don’t have one already.
But if you don’t already own a home, you would need to go through a personal finance provider who can set you up with a competitive interest rate designed to help you join the Tiny House NZ movement.
If you don’t own a home or any land, it does help if you have a parent, grandparent, or trusted friend who can go guarantor for you, but it won’t disqualify you if you don’t*.
Generally speaking, if you’re employed full time, have manageable outgoings and a nice clean credit history, you’ll be in a good position*. If not, seek advice from a financial counsellor of your choice before going ahead with any finance.