Home Loan

Buying Your First Home

Buying your first home is one of the biggest steps you will ever take in your life.

From the outset the process can seem quite daunting particularly if this is the first time you are looking at purchasing a house, or if it has been a while since purchasing a home.

This is where we come in! We have refined the process to purchase first home. Even if you do not feel you are quite ready to purchase yet, call us or meet with us so you know exactly what information the lenders are wanting to see when making an application for finance. This way you are a step ahead and know what you need to get a "Yes" from your application.

Call and talk to us about your mortgage and home loan options when buying a home and get a feeling of what is affordable for you.

We will take you through the process of successfully obtaining finance for your chosen property or get you pre-approved, so you can start looking. Once you have found a home we will go over your options to structure your loan to suit your individual needs.

This is one of the most important parts of the process. It is in structuring your loans correctly that you can save thousands of dollars and months, and in some cases, years on your repayments. In many cases the typical 30 year principal and interest loan can be the most costly way to pay off your home, however there are tricks and tips that can help even further.

Construction – New Build

The great news is that we still have access to 90% finance for new homes and investment properties that you wish to have built with a Fixed Price Contract on a Progressive Drawdown Basis or Turn Key. Terms and conditions apply.

As a general rule all Banks insist on dealing with well-known Registered Master / Certified Builders, especially with deposits of 20% or less, plus they will always require a Fixed Price Contract taking the home right through to Code of Compliance (CCC).

Key requirements for these type loans are strong incomes, minimal amounts owing on credit cards, HP, excellent work history and a clean credit record.

Call us today to proceed further.

Mortgage for Self Employed

Often times a person who has his or her own business faces a hard time qualifying for a mortgage. Home buying experience to a self-employed person is stressful. It should not be that way. There are many lenders and banks who are ready to finance. The lender would require plenty of proof and paper work to ensure that the person is worth the risk. We have an expertise to get it done for you.

Refinance and Debt Consolidations

Many New Zealanders with existing Home Loans also have a number of Credit cards, Hire Purchase Agreements, GE Money, Personal loan and a Car Loan. These repayments can add up to a significant amount each month and you soon seem to be "robbing Peter to pay Paul" and have no spare cash for other essential costs or the things you enjoy.

If you have enough equity in your home and if you were to consolidate these debts into one new home loan you would free up some cash, plus have the convenience of just one mortgage with the repayment due at the same time as your pay days. Imagine how much easier refinancing your loans like this would be! Call us today to refinance for good.

Gift or Equity - Your family could hold the key to your home

Most lenders are now offering an easier way for first-time home buyers to get on the property ladder. You can leverage off your family members’ home equity to get to the required 20% deposit.

For some time now that banks have required a 20% deposits from first-time buyers, however the deposit doesn’t have to be completely savings based, which is usually a struggle for many young people with rising house prices.

Deposit funds can come from:

Savings
Gift
KiwiSaver
Equity from a family members' home.

When looking at loan applications banks will also consider the following:

Loan Affordability
Level of existing consumer debt
Credit history
Age of parents or family member
Whether the property used is an owner-occupied property or rental
Location of the property