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Steps to buying your own home

March 23rd, 2012 -

Buying a home is a big step, whether it’s your first home, an investment property or a place to retire. Below are some steps to help you achieve your dream.

  • Talk to us about how much you can borrow
  • Find out the costs
  • Talk to us about which loan is right for you
  • Get pre-approval
  • Look for a property and search title
  • Buy your home

By obtaining pre-approval for your home loan, you could speed up the process of buying your new home. Real Estate agents and sellers will take you more seriously because you have finance secured. Your pre-approved loan is valid for 90 days.

KiwiSaver can help people purchase their first home. After 3 years of contributing to KiwiSaver, you may be entitled to a first home deposit subsidy. The first home deposit subsidy is $1,000 for each year you’ve been contributing to KiwiSaver, up to a maximum of $5,000 for five years. Government contributions must remain in your KiwiSaver Account.

If you’ve been a member of KiwiSaver for 3 years you may also be able to withdraw some of your KiwiSaver savings to put towards buying your first home. You may be able to withdraw the current value of your contributions plus your employer contributions.

What Next?

Contact us today and we will discuss a Home Loan package that suits your needs. Phone 0800 86 56 36 or email enquiries@nzcusouth.co.nz.

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