FIRST HOME
BUYER

Home Loan Mortgage Solutions

First-time home buyers discussing mortgage options

Home Loans For First Time Home Buyers

Are you feeling overwhelmed or stressed about buying your first home? Don’t worry—you’re not alone. Although the process of first home loans for first home buyers is complex, with our expert advice and guidance, it can be a smooth and stress-free experience.

As an experienced mortgage advisor firm, we have helped numerous first home buyers in Auckland. Our priority is to listen to and understand your specific needs and goals so that we can recommend the best first home loan options for you.

Home renovation financed by a construction loan

Whether you’re looking for the best first home loans, a new home loan, or want to understand the entire home-buying process, we are here to support you every step of the way. With our years of experience and resources, you can easily get your loan approved.

Investment mortgage broker advising a client

Stress Free Loans For First Home Buyers in Auckland, North Shore, NZ

One of the most common worries for first-time home buyers is getting approved for a loan. That’s why it is important to consult someone who knows the home loan process inside out.

Here is why you can rely on Oliver Broomfield for stress-free loans:

  • Help you figure out the best first home buyer loans for your budget and needs
  • Ensure you find the best home in your desired area
  • Access different property reports to help you make informed decisions
  • Provide expert advice on construction loans, property valuations and market trends
  • Offer guidance on how to manage your finances for successful home ownership
  • Helps you secure the best bank deal and mortgage structure

With our guidance and support, you can confidently navigate the loan process and become a proud homeowner in Auckland, North Shore, NZ.

OK, so you’ve made the decision to purchase your first home.

What’s next…

Buying your first home is probably the biggest financial decision you will ever make.

It’s important to have someone in your corner who knows the process inside out and can walk you through the entire journey.

That’s where I come in. I offer a step-by-step process.

  1. Fully discuss what you want to achieve
  • Budget – purchase price, cost of owning a house, mortgage repayments
  • Property type – Apartment, terraced house, townhouse, standalone house, lifestyle
  • Location – close to work, schools, recreation, airports, services
  • Time frames – are you ready to go now, or make a plan for the future
  1. Outline how the mortgage application process works
  • What type of information do the banks want?
  • What are your deposits options and what evidence do you need?
  • Discuss the types of mortgages that may suit your requirements
  1. Help you to get your documentation together to meet strict lender requirements 
  • Income – provide proof of all available income to service the new mortgage
  • Expenses – ensure all essential and discretionary costs are included
  • Assets – provide confirmation of deposits such as savings, kiwi saver, gifts
  • Liabilities – include all short-term & fixed debt commitments
  • Property Details – Sales & Purchases agreement, title, valuation, building inspection

  1. Apply for the mortgage to get yourself and the property pre-approved by the lender
  1. Ensure you understand the different mortgage options & negotiate with lenders to get the best deal for you.
  • Floating – lump sum repayments
  • Revolving Credit – efficient use of surplus income
  • Fixed – stability of repayments
  • Interest Only – Tax efficient structures for investments
  1. Walk you through buying a home & provide a checklist outlining all the main points
  • Finding a home 
  • Before you make an offer
  • Once your offer is accepted
  • Preparation for settlement & Moving

If you have a 5% deposit please check out First Home Loans.

The best part is, my services to you are free.

As your mortgage broker, I work as your advocate and ensure you get the best mortgage advice.

I am only paid a commission from the bank once your mortgage is secured and successful. Know more about Mortgage Review, Refix or Refinance.

Happy new homeowners with keys to their first home

My job is to walk you through the mortgage process and ensure you get the right mortgage and have a financially stable future ahead of you.

You don’t need to commit this to memory, but below is an overview of what my process looks like for first time home buyers:

Meeting and Chat

Every mortgage and loan is different, so I take the time to understand you and your situation, so we can prepare the right supporting documents for the bank

Set up for Mortgage Application Success

One of the biggest parts of my job, is making sure your application is complete and attractive to the banks to approve the loan. Particularly with first time homebuyers this can be a tricky to do. Your application is custom built to highlight your individual circumstance and lending eligibility.

Summary and Action Steps

I get it, it’s a lot to remember. After our first meeting, I will send you a summary that you can refer to at any time, plus a list of the action points we need to take to get ready for the next step.

Home Ownership Budget

Indicative home ownership budgets will be presented along with quotes for homeowners’ insurance to demonstrate that the budgeting for a new home has been well thought out and established.

A Home Buyers Financial Assessment

There are several hidden costs that come with buying a home that aren’t included in mortgage payments. To ensure you are fully prepared for the transition, we do a financial assessment to compare your existing fixed costs and the added costs of a new home to ensure you have the right finances in place.

Options for Deposits

First time home buyers are in a unique situation to utilize many different options to raise funds for a deposit. This includes grants, kiwi saver, family guarantees, and much more. I will ensure no stone goes unturned to find the best deposit option for you.

First Time Home Buyers Checklist

Buying your first home and securing lending is a time sensitive process with many steps. To help keep things on track, I offer a full checklist of steps and timeframes that need to be met. You will never be unsure of where we are in the process.

This is just a brief summary to give you an idea of what the process looks like to prepare for a mortgage. If you are ready to get started or want to ask a few more questions, contact me today.

First Time Home Buying Process

With years of experience and extensive market knowledge, we can help you secure the best loan for your first home. We will guide you through the application process, provide tips on improving your credit score, and help you negotiate better loan terms. 

Here is what our first time home buying process looks like:

Understanding Your Home Buying Goals

The first step in the process is understanding your unique home-buying goals. Here are a few things to think about when house hunting:

  • Budget: What’s your purchase price, and how much will the mortgage repayments be? Don’t forget to factor in the overall cost of owning a home! We can help with these questions!
  • Property Type: Are you leaning towards an apartment, a terraced house, a townhouse, or maybe a standalone house? What about a lifestyle property?
Before and after home renovation images
  • Location: How important is it for you to be close to work, schools, parks, airports, or other services?
  • Time Frames: Are you ready to jump in now, or are you more in the planning stage for the future?

Based on your answers to these questions, we can help you identify the best Albany home loan options and guide you toward making a smart investment decision. Moreover, you will get our full checklist of steps and timeframes to work with so you know what’s coming and can plan accordingly.

Best Options

First Home Loan Mortgage Application

Once we have figured out your home-buying goals and the best loan options for you, the next step is to apply for a mortgage. Our professional team will assist you with the following:

  • Gathering all necessary documents (your income, expenses, assets, and liabilities)
  • Fill out paperwork and submit it to potential lenders.

Preparation for Settlement

Once a lender has pre-approved your loan, it’s time to get the property valued. Our team of experts will help you understand the different mortgage options and negotiate with lenders for the best possible deal. It includes:

  • Floating: Lump sum repayments for flexibility 
  • Revolving Credit: Effective utilisation of surplus income 
  • Fixed: Ensuring stability in repayments 
  • Interest Only: Tax-efficient structures for investments 
  • Fixed & Variable: Benefits of both types of loans over the long term
Is it a Good time to buy property?

Figuring Out Your Deposit Options

If you’re wondering how much deposit you need to buy your first home, we can help guide you through the options available. This includes utilising KiwiSaver, asset sales, family assistance, accessing government grants and subsidies, or looking into schemes like Welcome Home Loans. Our goal is to help you secure the best deposit option for your situation and make your dream of owning a home a reality.

Settlement

Finally, it’s time to settle the property and become a proud first-time homeowner. We will guide you through the house insurance requirements, the legal process, ensuring all documents are in order and helping you understand your responsibilities as a new homeowner. 

The best part is all our services are free. You don’t have to pay me a single dollar!

As your mortgage advisor, we’re here to advocate and help you find the best mortgage advice. We only get paid a commission from the bank once your mortgage is secured, and everything’s a go!

Interest Rates

Ready to Take the First Step to Owning Your Dream Home?

    Testimonials

    • Oliver was excellent in helping us purchase our very first home. Oliver is very approachable, has great knowledge and very welcoming. Oliver was great at answering our questions and making sure he was available to us if we needed to ask anything. I would highly recommend Oliver if you are in Auckland.

      cassandra louise Jobin Avatar cassandra louise Jobin
      02/07/2021
    • Me and my wife Rebecca had the opportunity to work closely with Oliver when purchasing our first property. We had already done some research and Oliver came highly recommended to us. Straight from the outset Oliver put us at ease! something which was so important as we started our process of being first time homeowners!. Throughout the course of the coming weeks and months Oliver was always on hand to guide us in the process and we felt completely assured step by step. Oliver was highly knowledgeable, experienced and professional and we can't thank him enough for all his guidance! he was outstanding and any question or concern we may have had he quickly put us at ease. We would highly recommended Oliver for any mortgage and insurances queries.

      Jess Ibrom Avatar Jess Ibrom
      02/03/2021
    • I recently purchased my first home. It took 8 months to find the right house in the current market. Oliver patiently assisted me through the entire process. I found Oliver to be extremely knowledgeable, helpful and was very prompt on communication with the many queries I sent to him. I highly recommend his services.

      Hanna Marshall Avatar Hanna Marshall
      24/03/2021
    • Working with Oliver was great! We felt like we had constant support throughout the journey, which is quite overwhelming for a first home buyer. We would highly recommend working with him.

      Chris Morgan Avatar Chris Morgan
      28/02/2021
    • Oliver helped me with every step of my first home purchase. He's very responsive and helpful. Definitely saved me a lot stress and work 🙂 I'd recommend to anyone looking to purchase a house.

      mejsnarp Avatar mejsnarp
      26/02/2021
    • Anyone who asks for help with Mortgages, I happily give Oliver's name! I am so very grateful for his help last year getting some stability with our home. He was extremely professional and very patient helping me with anything I was not sure on during the process. I highly recommend Oliver. Oliver thankyou so so much for all your fabulous work helping me and the kids secure our future! aka V Evans

      ness L Avatar ness L
      03/09/2020
    • Highly recommended, top quality advisor - very happy with the result. Oliver was able to provide multiple loan options for us to consider which gave us valuable choices and comfort levels and enabled us to make the best decision.

      Steven Holden Avatar Steven Holden
      21/09/2021
    • Oliver has worked with our family for over 20 years and we will continue to use his expertise well into the future. He has personally help me purchase my first home and rental investment, and always finds us the best interest rates every time we refix. Oliver is your go to guy when it comes to buying property and I can't recommend him enough.

      Lis Garman Avatar Lis Garman
      01/10/2021
    • Oliver brought our dream to reality. He is amazing.

      Iran Lover Avatar Iran Lover
      07/11/2021
    • Oliver was fantastic and stuck with us through a very long process.

      Craig Hurley Avatar Craig Hurley
      16/12/2021