Buying your first home is probably the biggest financial decision you will make. It’s important to have someone in your corner who knows the process inside and out and will walk you through the entire journey. That’s where I come in. I offer extensive services and consulting around the home loan process. Together we can assess what mortgage payments are reasonable for your family, put together all the documents for the banks to demonstrate you are responsible borrowers, safeguard your assets in case of financial emergencies, arrange the deposit, and much more.
My focus is primarily on Takapuna and the North Shore, so I know the local lenders and lending criteria inside and out. The best part is, my services to you are free. I work as your advocate and ensure you get the best mortgage advise. I am only paid a commission from the bank once your mortgage is secured and successful.
to discuss your options for buying your first home
My job is to walk you through the mortgage process and ensure you get the right mortgage and have a financially stable future ahead of you. You don’t need to commit this to memory, but here is an idea of what my process looks like for first time home buyers:
Meeting and Chat
Every mortgage and loan is different, so I take the time to understand you and your situation, so we can prepare the right supporting documents for the bank
Summary and Action Steps
I get it, it’s a lot to remember. After our first meeting, I will send you a summary that you can refer to at any time, plus a list of the action points we need to take to get ready for the next step.
A Home Buyers Financial Assessment
There are several hidden costs that come with buying a home that aren’t included in mortgage payments. To ensure you are fully prepared for the transition, we do a financial assessment to compare your existing fixed costs and the added costs of a new home to ensure you have the right finances in place.
First Time Home Buyers Checklist
Buying your first home and securing lending is a time sensitive process with many steps. To help keep things on track, I offer a full checklist of steps and timeframes that need to be met. You will never be unsure of where we are in the process.
Set up for Mortgage Application Success
One of the biggest parts of my job, is making sure your application is complete and attractive to the banks to approve the loan. Particularly with first time homebuyers this can be a tricky to do. Your application is custom built to highlight your individual circumstance and lending eligibility.
Home Ownership Budget
Indicative home ownership budgets will be presented along with quotes for homeowners’ insurance to demonstrate that the budgeting for a new home has been well thought out and established.
Options for Deposits
First time home buyers are in a unique situation to utilize many different options to raise funds for a deposit. This includes grants, kiwi saver, family guarantees, and much more. I will ensure no stone goes unturned to find the best deposit option for you.
This is just a brief summary to give you an idea of what the process looks like to prepare for a mortgage. If you are ready to get started or want to ask a few more questions, contact me today.