Saving for a first home deposit can be hard work. We all know the key to getting there is by spending less than you earn and to keep track of your savings in general. It’s easier said than done though, so here are some tips to help you save money and craft the perfect budget …
Whether purchasing your first home or buying another investment property, deciding to take out a home loan isn’t something you should rush into. Before you make the decision, be sure to consider the points below so you can be safe in the knowledge that you are borrowing responsibly. Understand Your Obligations It’s important that you …
Purchasing a home is a significant financial commitment that, for most of us, requires borrowing a significant portion of the property value. However, securing a home loan can be challenging for some home buyers. They may research different property and mortgage options before settling on one only to be declined by the bank. If this …
Turned Down By a Bank? A Broker Can Get Your Mortgage Approved Read More »
As a first home buyer, one key decision is between buying vs. building. First homes are special places you work hard for and it’s understandable to want to truly be yours. However, there are pros and cons to consider with each option. Whether one is better than the other often depends on where you want …
When buying your first home, it’s easy to get swept up in the excitement and make mistakes. Even if you’ve done your research and have a good understanding of the property market, there’s a lot to consider. Below, we look at some common first home buyer mistakes to avoid. Not Getting Pre-Approval Many first home …
If you need to get a home loan, you can generally go about it in three ways – applying directly with your bank, consulting a mortgage broker or shopping around for a loan yourself. Many Kiwis go with a major bank as it seems like a safer option because they are familiar, trusted and you …
What is the Difference Between Bank and Broker Loans? Read More »
While it’s possible to go through life debt-free, it’s not necessarily smart. Most of us can rarely afford to pay upfront for life’s most important purchases like a home, a car or a university education. Before taking out a loan or buying on credit, it’s important to know whether the debt incurred is good debt …
It can be tough getting your foot on the property ladder, but the New Zealand Government has a variety of programs and initiatives that aim at helping Kiwis achieve home ownership. This includes the First Home Loan as well as options to use KiwiSaver to help buy your first home. Withdrawing From KiwiSaver If you’ve …
A Guide to Using KiwiSaver to Buy Your First Home Read More »
Saving for a home deposit can be hard work. But having an organised and creative approach can make it simple. Below we offer some saving tips that go further than telling you to cut spending wherever possible. 1. Work Out How Much You Need to Save Create a detailed budget that outlines your income, debts …
Navigating the world of home loans can be confusing, especially for first home buyers. Below, we clear up some things about home loans so you can get a good understanding of what’s on offer and what might be right for you. Types of Home Loans Features of a home loan tend to vary depending on …
