89. Mortgages 101 | Part 1
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- เผยแพร่เมื่อ 24 พ.ย. 2024
- In this 2 part episode, we'll be chatting about the step by step on how to buy a house.
Whether you're a first-time buyer or a seasoned pro, we outline the steps you'll need to take, including some tips to take to help make your house hunt easier both mentally and hopefully financially.
In this episode, we cover:
When should you set your goal to buy a house, and is your timeline flexible?
What is the ideal deposit amount you should aim for, and what are the implications of different percentages (20%, 10%, 5%)?
What is LVR and how does it influence your borrowing capacity?
How can online mortgage calculators assist in planning your budget and repayments?
What role does your KiwiSaver fund play in buying your first home, and how can you maximize its benefits?
How do loan approval processes differ when working with a mortgage broker vs going directly to a bank?
If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.
*DISCLAIMER*
For more information on risks and other features of the Kernel Funds and the Kernel KiwiSaver Plan, please see the Product Disclosure Statements, available at www.kernelwealth.co.nz. You can read our Terms of Use at kernelwealth.c....
This information is general only, is not personal financial advice, and is not a recommendation to invest in any fund or adopt any particular strategy.
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One thing I've come across in my own home search is that you can access rates information for a property on the local council website.
If you have your eye on a specific property, you can look up the rates information for the current and previous few years, which can help when budgeting for that.
Very handy tip! Thanks for sharing
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