Is this your first home?

Buying your first home is an exciting experience it also can feel quite scary, especially when dealing with banks directly. We know how daunting this can be as we have been through this ourselves and with many clients.

We will dedicate our time, resources and home loan expertise to make this whole process simple for you to understand and follow.

The first common question we face is, what can I purchase and borrow?

How much deposit do I need?

All banks require applicants to come up with a deposit towards the purchase and if you meet their criteria, lend you the rest to complete the purchase. The amount that banks ask as a deposit differs, this can be from 5% and above. 

The other thing to consider is what type of property you are buying. The deposit also varies from bank to bank if you are wanting to buy bare land (section), a lifestyle block or a commercial property. This is why it is very important to talk to us as we know what options are available depending on your financial position and the type of property you are wanting to buy.

Your deposit/contribution can come in many forms;

• Savings

• Sale of Assets

• KiwiSaver and/or First Home Grant  (are you qualified? refer below)

• Gift (money given, not loaned, by an immediate family member)
  
  
• Deed of Acknowledgment (generally this is borrowed from a family member with no interest and often repayable on sale of the property)

Simply contact us as we can let you know which of the above you can use.

Ok I have my deposit, how much can I borrow?

When applying for a new loan, you must prove you can afford to repay this back. To prove you can pay it back, every bank have their own way of working this out and what they need from you.

This is where we can help and prove our worth!  Mortgage Field have formal agreements in place with many banks and lenders, which provides us access to their home loan criteria and apply for lending on your behalf.

Here are two ways we can help to find out how much you can borrow?

Full Home Loan Application

Complete our Secure Online Home Loan Full Application by clicking the apply now button. We will email a link to our secure online application for you to complete.

Home Loan Short Form Application

Short on time and just want a ball park figure? Complete our short form which can be done in 5 minutes on your mobile phone or computer. Scroll down to fill in our short form.