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10 stages to secure your home purchase
Check off each of these steps to buy your first house.
AI summary
Securing your home purchase involves several key stages. After going unconditional, you'll pay the deposit and meet the bank's lending conditions. It's crucial to arrange your KiwiSaver withdrawal early, decide on a mortgage structure, and consider a relationship property agreement if buying with others.
Before settlement, conduct a final inspection and sign loan documents with your solicitor. You must also secure home insurance to cover the rebuild cost and consider personal insurance to protect your ability to make mortgage repayments.
Step 1: Paying the deposit
Step 2: Meeting the bank’s conditions
Step 3: KiwiSaver withdrawal
Step 4: Mortgage structure and pricing
Step 5: Relationship property agreement
Step 6: Pre-settlement inspection
Step 7: Bank onboarding
Step 8: Signing loan docs
Step 9: Home and contents insurance
Step 10: Personal
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