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In 1935 the government set up a Mortgage Corporation which was merged with State Advances Department to form the State Advances Corporation. [2] The State Advances Corporation was responsible for the provision of loans and mortgages for the purpose of constructing new houses, buying existing homes or farms, and the re-financing of existing ...
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1893–95: The Bank of New Zealand, the Colonial Bank of New Zealand and New Zealand Loan and Mercantile Agency Company were involved with a financial crisis causing a national slowdown in private investment. 1894 – Company reconstructed. 1952 – Became NZL Properties (Australia) Pty Ltd; 1961 – Merged with Dalgety & New Zealand Loan Ltd
VA loan: The VA guarantees home loans for eligible U.S. military members (active duty, veterans and surviving spouses). These don’t require a down payment, though there is a funding fee .
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