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 starts with assessing your finances and saving a deposit, typically 20%. Using a mortgage broker can help you find the best lender and rates for your situation.
Prepare by improving your credit score and budgeting carefully. First home buyers may qualify for assistance like the First Home Loan, underwritten by Kāinga Ora, which can lower deposit requirements.
Once ready, engage a lawyer and get conditional approval before making offers. This provides confidence during your property search, leading to a smooth settlement day.
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
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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!
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