Buying guide
Getting a mortgage? Here are 15 tips for first home buyers
Let’s get your finance sorted
AI summary
Securing your first mortgage in NZ requires careful preparation. Start by getting advice from a mortgage broker and obtaining pre-approval before you begin house hunting.
Strengthen your application by improving your financial health for at least three months prior:
- Pay off consumer debt
- Check your credit score
- Demonstrate consistent savings
Avoid major life changes during this period. Explore support options like KiwiSaver withdrawals or a Kāinga Ora First Home Loan to help with your deposit.
How to get a mortgage in New Zealand
1. Get professional advice
2. Shop around
3. Never overcommit
4. Keep your accounts clean and tidy
5. Check your credit score
6. Understand your spending & create a budget
7. Get rid of bad debt
Step one towards buying a house is always sorting finance.
8. Get proof of employment and income
9. Don’t make any big changes
10. Make savings clear
11. Save more than your mortgage
12. Make an effort for three months
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Asking for for less could increase your chances of approval.
13. Get pre-approval before you start shopping
14. Sort out your documentation
15. Get a little help
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