Your goal should be to make the process or buying your first home and applying for a mortgage as smooth as possible. Here are a few things to think about during your journey.
Get all of your legal and financial documents in order so that you can take advantage of good deals when they come up.
Before going for pre-approval, try to pay off any outstanding debts, such as student loans and credit cards, as they can affect your ability to take out a loan.
Remember that interest rates aren't everything and it's important to find a lender that works for you long-term.
Be aware that banks may try to entice you with various incentives, but it's important to choose the right mortgage for you.
Before making a purchase, try living on a budget that simulates your expected mortgage payments to see if you can afford it.
By getting an expert mortgage advisor on your side early the runway to home ownership will be lot more straightforward. Looking for mortgage advice in Hawkes' Bay, Napier, Hastings or, remotely, around New Zealand reach out to Nigel Avery at MortgageMe here or via the form below.