My housing loan for house number 4 has been approved. The loan is only fairly small and the bank is lending 80 per cent of the purchase price. Setting up a loan will enable me to finally get a bank account established in New Zealand, and also hopefully a line of credit which will enable to make further purchases, without having to fill out all the paperwork again.

Since house 2 and 3 have no mortgage, I have potential to refinance them to finance at least another 2 houses.

I used a mortgage broker to help get finance, and since they are working to get their commission they have been very helpful and responsive.