First Home Loans

First Home

Buying a house can be a daunting process. Deposits, home loans, interest rates – floating or fixed… we know you’re still just getting your head around open homes, right? At Mortgage Sure we’ll talk you through your home loan options so you can move forward and purchase your first home with confidence.

Here at Mortgage Sure we will spend time getting to know you and your situation. On your behalf we will spend time researching which bank will best fit with your needs and make a recommendation based upon our research.

Once you are pre approved you can go house hunting with confidence knowing that the team at Mortgage Sure have you covered.



The mortgage itself is the document that the bank uses to take security over your property. So when applying for a ’mortgage’, as most of us say, you’re not actually applying for a mortgage, you’re applying for a home loan.

When you apply to the bank for your home loan and the bank says yes, you can have one they give you the loan but also take out a mortgage over your home. Which means in the event that you cannot make repayments on your loan the bank has the opportunity to sell the house to recoup costs.

Hence the term ‘free hold’, people often use this term when they have finished paying off their home loan. The bank no longer has a mortgage over the property, therefore they own the house free of the hold of the bank’s mortgage.

What documentation am I going to need when applying for my FIRST home loan?

This is where a mortgage advisor comes into their own. Here at Mortgage Sure we help you collate all the documentation you need which is dependant on your situation, however there are some documents that we need most of the time:

– a photo ID
– 3 most recent payslips OR your financial accounts if you’re self employed
– KiwiSaver Eligibility withdrawal letter
– IRD Earnings Summary
– Bank statements and loan statements for any consumer debts you have.

There is other documentation that you may need which would be specific to your situation for example, we may be able to utilise income from flatmates/boarders to boost your income, in this case, we would ask for a agreement between you and your potential flatmate/s to support your application

I have the deposit, but I will struggle to make the repayments, can I still buy a home?

Of course, it may be that we can utilise flatmate or boarder income or even regular overtime/allowances to improve your income. If not, we’re on your team, we will work with you to put a plan in place to get you into your first home.

I am lucky enough to be able to receive some help from ‘the bank of mum and dad’ to help me buy my first home, where does this fit into my application?

A gift or other assistance from family is a great tool to increase your deposit and may be the difference between 10% and the magical 20% deposit mark. Any assistance will help your cause although we understand that all families have different ways they like to help. If your family are keen to help out, get in touch, we can discuss the various options and decide on the one that best suits your situation.

What are the costs associated with buying a first home?

This depends on a number of factors. Your lawyer is generally the one non-negotiable expense.

Budget for between $1500-$2000 for their bill. Other costs you may encounter are
Registered valuation: $750-$1200 depending on urgency and the type of property
Building reports: $450-$800+ depending on the home
Meth Testing: $200-$400

As a general rule, we advise clients to budget for between $2000-$3000 for lawyers and due diligence costs.

I am self employed, will I still be able to buy a home?

Yes, as a rule of thumb, banks like to see at least 2 years financial accounts to support an application. If your deposit is less than 20% this is generally a non-negotiable however, if you have a larger deposit and dependant on how the business is performing and your experience in the industry among other factors, we could get by with less than two years.

Mortgage & Insurance Advisers

Refinancing Home Loans

Not happy with your current bank, another bank is offering a product that is more suited to your needs? Why not consider refinancing.

Mortgage & Insurance Advisers

Next Home Home Loans

Upsizing? Do you have a growing family and need another room or a bigger backyard? Or maybe your kids have left the nest and it’s time to downsize and simplify? Let’s see what your options are.

Mortgage & Insurance Advisers

Holiday Homes

Many Kiwis dream of owning a holiday home, their perfect hideaway from the hustle and bustle of everyday life. Come chat to the team at Mortgage Sure and we will try to help make owning that holiday home a reality.

Mortgage & Insurance Advisers

Renovating Home Loans

Renovating (and maintaining your home) is the perfect opportunity to increase the value of your home whilst utilising the equity in your home to fund the alterations. Come talk to us about how to go about this.

Calculate Your Mortgage Repayments

Do a quick calculation to see what your repayments may be.

Repayment Calculator