Banks and lenders have very specific policies around lending to first home buyers and the pricing of their home loan products can vary substantially. To help secure the right home loan for your finance needs talk to a JL Finance mortgage broker today.
As a first home buyer, to find a good home loan you should investigate both your home loan options and government grants and entitlements you may be eligible for.
With interest rates falling and property becoming more affordable, first home buyers are in the best buying position they have ever been in.
KiwiSaver is a voluntary work-based savings scheme designed to utilise the existing PAYE (pay as you earn) tax system. KiwiSaver includes a first home deposit subsidy which, after three years of saving, provides a first home deposit subsidy of $1,000 per year, up to a maximum of $5,000.
As a first home buyer, you will need to consider:
For more information on sourcing a deposit, first home , or to find the home loan that is in your best interest, simply fill in the form or call us at any time on DDI: 09 390 0083.
Traditionally a 20% deposit was required in order to secure a home loan, leaving many first home buyers in today’s market under the impression they need to have saved a deposit before they can secure a home loan, but flexible bank lending policies mean there are now also a number of alternatives and supplements to having the cash in the bank already. Options for sourcing the deposit you need, include:
There are a range of fees and charges relating to first home loans, including bank and lender charges, government and statutory charges and conveyancing fees. For a complete overview of fees and charges associated with your home loan, talk to your mortgage broker.
For more information on how to get into your first home, or the home loan that is in your best interest, talk to your local mortgage broker or call us at any time on 0508 722 205 (+64 9 526 0122).
