Buying guide
How to get a mortgage in 12 steps
Securing a home loan can be a little tricky - read our guide to make it easier.
AI summary
Securing a mortgage in NZ requires careful preparation. Start by determining your budget and saving a deposit, typically 20%. It's crucial to shop for the best lender or use a mortgage broker to help.
Prepare your finances by improving your credit score and consider government help like the First Home Loan from Kāinga Ora. Once you have a lawyer and get conditional approval from your lender, you can confidently start making offers on your new home.
Step by step guide to getting a mortgage
1. First figure out what you want
2. Next figure out what you can afford
3. Shop around to find the best lender
.jpg)
It's a great idea to speak to a motgage broker for help securing a home loan.
4. Ask your lender the right questions
5. Get your finances in order
6. Put together your deposit
Getting a home loan is often the hardest part of buying a home.
7. Apply for government assistance or get help from family
8. Find a good property lawyer
9. Apply for conditional approval with your lender
First comes the money, then comes the property.
10. Get homes approved by your lender then make an offer
11. Make it through settlement day
12. Move in and enjoy!
Author
Search
Other articles you might like
