Your Cart
No products in the cart.
Mortgage Mantra

Buying First

Choosing to buy a second property before selling your first property has its pros and cons like all the other options, but can be a smart way to buy time! Before deciding whether to buy or sell first, you need to take into consideration your overall property goals. Having a clear set of goals will make it easier to see whether buying a new place first is going to be in your best interest, or if you’re better off using the sale of your first home to launch into the next.

Questions to answer

How much does your family earn each year? What is the family spending every week/ fortnight/month/year? Include all expenses and do not forget to include any repayments on hire purchases, personal loans such as car loans and any other borrowings. Are you planning a holiday? Budget for this holiday as well. What are you able to save at the end of the month after providing for all expenses. The savings you have achieved at the end of the month, after providing for all expenditure, should be a guideline to how much extra you can afford towards your mortgage repayments over what you are currently paying. Most banks and lenders will allow you to borrow between 3 – 5 times your families gross annual income. The actual amount you can borrow will depend on a number of other factors such as:

1. Number of dependent children in the family

2. Size and repayments of any personal borrowing

3.Property type

4. Initial deposit total

As a First Home Buyer you may be eligible to apply for a First Home Loan which reduces your minimum deposit from 20% down to a 5% deposit. This 5% represents your contribution towards the purchase of your home. Ideally you will have saved this amount over the last 3 months or more. In exceptional situations, the lender may consider equity from a family member’s home as a deposit.

Request a call back.

Would you like to speak to one of our financial advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

Please enable JavaScript in your browser to complete this form.

Request a Call Back


Magna aliqa enim sed ipsum nisi ainy veniam quis.

Insurance policy

Magna aliqa enim sed ipsum nisi ainy veniam quis.

    Limits of Balance:


      Limits of Balance:


        Limits of Balance:

        Our testimonials

        What kiwis are saying about us

        Our journey with our clients lasts beyond the life of their home loan. That’s why we ask them to keep us posted on how we are doing along the way.

        Plotting your path requires information.

        We have created the tools to map the constellations so you don’t have to.

        Latest Interest Rates

        Check out the latest interest rates figures for all the banks in one convenient place with our helpful interest rate tracking tool. Remember we can often get even better interest rates so give us a call when you are ready to take the next step.

        Mortgage Calculator

        Understanding how much you will have to pay in monthly repayments is easy with our handy Mortgage Calculator tool. We recommend preparing for life with your new mortgage by setting aside rent + the surplace expense of repaying your mortgage.
        Request a Call Back
        I Would like to Discuss....