With today’s quick moving property market, a common dilemma many first home buyers face is missing the boat on their dream home. Whether you are in a multi offer situation or fast-paced auction, pre-approvals will allow you to act quickly while knowing your limits. We can sort you out with one of these.
Your loan will be easiest to get, and cheaper, if you are able to provide a 20% deposit. You don’t have to have 20% in all cases, and there are options if you don’t, but it is worth considering if you have the option to get as close to 20% as you can.
There are a number of options that may be available to you as a first home buyer to supplement your personal savings:
If you’re a first home buyer and you’ve been a KiwiSaver member for at least three years, you may be able some or all of your savings to help buy your first home.
If you’re eligible, you may be able to withdraw your KiwiSaver member contributions, employer contributions, returns on investments received or any member tax credits. However, you can’t withdraw the $1000 government kickstart contribution.
Contact your KiwiSaver provider directly to apply.
BContact your KiwiSaver provider directly to apply.