DUX Talk

The government has changed the rules on overseas buyers of property, with a view that the overseas purchasers are stopping NZers buying houses.

Generally its best to avoid debt, regardless of who you are borrowing from. But if we are talking about borrowing for your house deposit, getting help from family could make it easier to get a mortgage or could make it possible, where it was not before.

A phrase being thrown around these days is “The Bank of Mum and Dad”. This refers to home buyers having Mum and Dad help out in some way.

It can be very helpful, but also has potential issues.

Here are some more tips for first home buyers to help make it easier to get a mortgage.

When it’s time to get your deposit together, 10% of the price is the minimum you need (though it could be higher depending on the property), and there are a few ways you can get this together.

Buying your first home involves taking a lot of steps before you even make an offer on a house.

We’ve put together some tips on reducing the conditions before making an offer to make the process a little more simple.

KiwiSaver is a great way to build your retirement, and the longer you are in KiwiSaver the better.

We call this the emergency fund. It’s a source of funds, either in cash or a bank account that is only there to pay for pre-defined expenses, but otherwise ignored.

There are a few options for you to consider when contributing to KiwiSaver, but what is best for you?

What exactly is a pre-approval, and how do you get one?

A pre-approval is an approval for finance to buy a home. Your income is signed off, your deposit, and your price range.