Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - firsthome

By: Horizon Financial  06-Dec-2011
Keywords: Banks, Home Loan, First Home

As a first home buyer through Horizon Financial, you won't have to climb a steep learning curve or spend hours seeking the best interest rates or other information. We already have this information at hand from a wide range of lenders.

We'll introduce you to the most cost effective - and easiest to use - home loan for your individual situation. And you can rest assured that any lender we recommend will have the backing of the largest banks in Australasia.

Cost of Living information can be found .
Information on Insurance can be found .

Before you start looking for your new home, write down all the 'must haves', e.g. price range, sun, access, kitchen, garage, renovation or garden potential. Make sure the homes you decide to visit meet all, or at least most, of your requirements and use the list to compare each one.

Staying focused
When you visit a property that looks interesting, it's easy to get overwhelmed with excitement at the prospect of buying your first home. Sometimes, it can be really difficult to remain objective. To help you stay focused, we've listed a few checkpoints below.

Home buyer's checklist

  • Get your bearings and find out where the sun falls on the house and at what times of day.
  • Check cupboards and wardrobes for the smell of damp or mildew.
  • Check the state of floorboards, doors and windows - are they in good/original condition?
  • Take note of cupboard and wardrobe space - many older homes don¬ít have built in storage.
  • Run the taps and showers to see what the water pressure is like.
  • Is the area you're considering buying in improving in value - is there anything that may affect it in future? Don't limit yourself to looking in one area.
  • Take time to walk or drive around the neighbourhood. Are there shops and services (e.g. post office, banks, etc.) nearby?
  • Where are the nearest bus stop and taxi stand?
  • What is the traffic like - are you on a main road that could get busy at peak times or be dangerous for children and pets?
  • Is there parking on the street? Although your car may be accommodated you will also need some space for visiting friends and family.
How much can you borrow?
The amount you can borrow to buy your home will depend on factors such as:
  • The value of the home
  • Your ability to repay
  • Your deposit
To get an idea of how much you could potentially borrow for a home and what the repayments might be, use our Loan Calculators. There's a calculator to help you decide Different banks have different lending criteria, and at Horizon Financial we know how to assess the best option for your situation. Our service is free and will cost you no more than if you went directly to a bank.

Keywords: Banks, First Home, Home Loan

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06-Dec-2011

Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - insurance

Should either principal family member die, their life insurance cover will repay the home loan and Family Protection cover will replace the lost income from the deceased family member, for a number of years specified by the insured person. At Horizon Financial we are uniquely positioned to give you the best advice on all your insurance and security concerns, no matter whether you're emigrating to live here, or are already a citizen or resident.


06-Dec-2011

Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - buying

Once you've decided on an area, contact Horizon Financial - we'll put you in touch with a Real Estate professional who knows the local area and can help you find your ideal home. SellingIf you decide to sell your home, you have the choice in New Zealand of using the professional services of a real estate agency, or of selling you hom eprivately.


06-Dec-2011

Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - earlyrepayment

The resulting reduction in interest increases the savings to you - and these savings are demostrably greater than you could achieve by putting your money into a savings account. By carefully managing your income and expenditure through your flexible mortgage account, you can effectively reduce the balance owed to your bank.


06-Dec-2011

Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - building

This is because your builder bears the cost of borrowing money to buy materials and pay his labourers during the construction project and this will increase the overall building cost of your home. Progressive draw-down loansWith this type of loan arrangement, your building company is paid by the bank upon ratified completion of clearly defined stages of the construction project.


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Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - investment

Selection of the right property, in the right area and for the right reasons will ensure good occupancy, good return on investment and good resale potential. Pay off your mortgage fasterWe can even show you how investing in a new property can help you pay off your mortgage faster on your first property. Property is an inflation proof investment which also comes with numerous tax advantages for the canny investor.


06-Dec-2011

Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - calculator

This mortgage calculator tells you your monthly repayments, based on the property's sale price, the term of the loan, your down payment percentage and the loan's interest rate. This calculator tells you how much you need to earn in order to be able to borrow a known amount. This calculator will tell you how much you can borrow, based on your earnings. It can also return a complete amortisation table for the term of the loan.


06-Dec-2011

Horizon Financial - Free, independent financial advice for people in New Zealand or moving to NZ - power saver

The low ongoing fees on the plan mean that your money accumulates faster - the added power of compounding interest boosts your investment and gets you to your goal faster. There is no fixed-term so you can plan for both medium and long-term goals in one plan and access funds if you need them along the way. It is a flexible plan that offers access to a range of investment options depending on the level of investment risk that suits you.