How much deposit is needed when getting a home loan?
When you look at the Kāinga Ora website you will find the basic rules for the First Home Loan Scheme, but there are some less well known one’s that are tripping up a lot of first home buyers. These are the “hidden” rules, or at least the less known rules that can catch you out. […]
The Less Known Rules For The First Home Loan Scheme Read More »
In the past year we have certainty seen a big increase in people applying for the First Home Loans which is backed by Kainga Ora. It’s become more popular as first home buyers have seen an opportunity to buy while the market is down, but rents are up. It’s made buying a really good alternative
More First Home Buyers Use First Home Loans Read More »
If you really want a new home for your family then the you might be surprised to know of this opportunity that allows you to buy a better home than you may have thought possible. You may have thought that you needed to save more (a bigger deposit) or earn more (a bigger income) to
You Might Be Able To Buy A Better Home Today Read More »
If you are a first home buyer you may have heard people mention the LMI fee and wonder what is lenders mortgage insurance, and ask yourself why it is being added to the loan. Obviously you don’t really want the extra cost of the LMI fee, but on the other hand you do really want
What is Lenders’ Mortgage Insurance and Why Is It Used? Read More »
As kids we loved to jump through hoops, but as new buyers it’s not much fun at all. New lending rules have created more hoops to jump through, cut off credit to borrowers who would have qualified only months ago, and generally shrunk the size of loans being approved. The key driving force that is
Mortgage Advisers Are Helping New Buyers Jump Through The Hoops Read More »
Buying your first home is not always that easy, so as a mortgage adviser I am sharing five tips to improve chances for first home buyers and enable them to buy a better home sooner. Let’s look first at the major challenges that first home buyers have, and then we will share some ideas that
Five Tips To Improve Chances For First Home Buyers Read More »
This is bad news for first home buyers! In a time when it is hard enough to save a deposit to buy your first home, the Reserve Bank is wanting to see bigger deposits as a way to protect the property market from a drop in house prices. The Reserve Bank plans to tighten LVR
The Reserve Bank Want Bigger Deposits Read More »
It’s not easy buying your first home with a small deposit and in many cases it can seem that home ownership is an impossible dream. You can speak with most banks and they just say “NO” that you need a bigger deposit, or some banks and mortgage advisers might suggest the First Home Loans scheme
Buying Your First Home With 5% Deposit Today Read More »