First home loans
The right home loan for your first home
With the right help and support, it’s easier to take the first step onto the property ladder. Our Mortgage Sure Advisers are here to make the process of buying your first home simpler.
Let’s start talking today and you’ll be one step closer to achieving your goals.
The numbers behind your home loan
Buying your first property comes with a lot of questions. You’re probably wondering what you can afford to buy, how big your deposit needs to be, how much your home loan will cost and what your repayments will look like?
Contact Mortgage Sure and we can take you through all the numbers. We’ll explore what kind of deposit you have available and whether you’ve got access to KiwiSaver or other sources of funds. We’ll also take a look at your day-to-day costs and your income – so we can work out how much you can afford to repay.
When you work with Mortgage Sure and we’ll help you finance the property you want today – and maintain the lifestyle you want tomorrow. We’re here to make sure your mortgage is affordable and meets your repayment goals.
Let’s get you into your first home, together.
How much can you afford to borrow?
Our mortgage repayment calculator is a quick and easy way to calculate your what your repayments wll be. If you want quick results, you can find our calculator here, or book an appointment with our team to review all your options.
One conversation, lots of options
Working with a mortgage adviser is a smart way to get the best results, faster. The team at Mortgage Sure are experts in the home loan market and we understand the maths, the jargon, and how to get the best results. We can quickly show you what you can borrow, what types of mortgage could work for you, and where the best deals are.
Our process is easy. You meet with us and tell us what your plans are and how we can help. We’ll talk through some different scenarios and explore what’s possible. If you’re keen to proceed; we’ll help you get your paperwork together and support you with any applications. Then we’ll get to work to negotiate the best deals and present you with the options to finance your home.
Buying your first home, together
Whether you’re buying your first property with a partner or you’ve decided to team up with friends or family: we can help you explore your home loan options and see how the numbers stack up. Buying a home together can be a great way to meet your deposit goals.
What do you need to qualify for a home loan?
We work with a range of home loan providers to get you the best deal for your mortgage. Whether you choose to explore your options with one lender or many, they all require some paperwork to support your home loan application. If you would like us to help you find a home loan, we’ll talk you through the details of exactly what paperwork you need to gather together.
For now, it’s a good idea to start with the following information so we can explore what’s possible:
- Current photo ID (driver’s license or passport).
- Your last three payslips or, if you’re self-employed, your last two years of financial statements.
- Three months of statements for bank, credit card, and loan accounts you have in place.
Understanding the different types of home loans available
So you’re ready to buy a property – what kind of home loan would you like?
One of the many benefits of working with a mortgage adviser is that we can help you structure your home loan to suit your needs. Your home loan can be one single loan, or split into different types of loans. You can choose to have a home loan that is fixed, floating, or a combination of both.
In the excitement of buying your first property, it’s easy to forget you’re going to be paying off your home loan for a number of years to come. Setting up the right structure for your first home loan will help you meet your repayment goals faster.
The team at Mortgage Sure can help you structure your home loan to minimise the cost of borrowing.
FAQs
We think it is a good idea to budget for the following expenses:
- A lawyer budget for $1,500 to $2,000.
- A registered valuation budget for $750 to $1,200.
- A builder’s report budget for $450 to $800.
- Toxicology testing budget for $200 to $400.
Yes, however banks generally like to see at least 2 years of financials to support an application. Where this isn’t possible, our mortgage advisers will work with other non-bank lenders in the market to provide you with a solution.
A financial adviser that specialises in lending.
If you don’t think you can afford the repayments, let us know and we will provide you with some solutions you haven’t considered to increase your income so you can get into your first home.
Assistance from family will generally increase your deposit and may give you a better chance of securing a home loan. We understand that families have different ways they like to help, therefore, get in touch and we can discuss the options available and decide on one that best suits your situation.
There is no difference.
Our team are commited to supporting your mortgage needs
Have you planned what’s next after you buy your first home? Choose Mortgage Sure and you can call on our support for as long as you need us. During your time with a mortgage you may want to buy another home, have a family, go travelling, upsize, downsize, or even pay your home loan off faster. We’re with you every step of the way, sharing our expertise and helping you find the best options to achieve your goals.
