Award measures value to first home buyers
Award measures value to first home buyers
CANSTAR CANNEX releases inaugural First Home Buyer award today.
CANSTAR CANNEX today released its inaugural First Home Buyer award after a comprehensive study of 10 lenders that market 40 home loans between them. In the CANSTAR CANNEX research these lenders were rated not only according to the loans they offer but also targeted services that address the special needs of first home buyers in today’s challenging environment.
Affordability is a perennial problem for New Zealanders trying to get a foot on a rung of the property ladder for the first time. While it is a very real issue for first home buyers, the affordability obstacle can be overcome by following a structured process leading up to that all-important purchase.
That’s where financial institutions should step in to educate first home buyers about how they should be preparing themselves, setting savings goals and offering savings vehicles that provide incentive towards the end goal of home ownership, according to CANSTAR CANNEX.
“We couldn’t go past Kiwibank in awarding our First Home Buyer honours for outstanding service in this area of specialised lending,” CANSTAR CANNEX New Zealand National Manager Derek Bonnar said.
“While all banks provide a variety of services that assist New Zealanders buying their own homes, Kiwibank offers the best range of educational support, calculators and product features that narrow the deposit gap. The flexibility of Kiwibank’s loans stood out and the bank offers home loan specialists across the North and South islands.”
“This is quite a coup for a bank that doesn’t have dedicated branches as such, basing itself instead in post offices across the country,” Mr Bonnar said.
“We were impressed with the ease of access to the fleet of mobile lending specialists Kiwibank provides. When the time comes for the first home buyer to take the plunge, obtaining a home loan online is often not for the novice.”
“There’s no substitute for a real person, such as Kiwibank’s home loan specialists to walk them through the maze, give advice and make the steps straightforward,” Mr Bonnar said.
Homebuyers Loan Guide - News
In the CANSTAR CANNEX research these lenders were rated not only according to the loans they offer but also targeted services that address the special needs of first home buyers in today's challenging environment. Affordability is a perennial problem
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Benefits of the First Home Buyers Loan | WARNING: REAL ESTATE ...
The first home buyers loan has helped many young couples to get into the real estate market. The main thing is to take advantage of any rebates that are available and be sure you can afford the repayments.
Buying your very own home for the first time is an exciting event, but it can also be scary as you sign up for that first home buyers loan. To make things a little less frightening, do your homework thoroughly so that you know you can afford the repayments. If you are not good at maths, getting some online help is the easiest way to go. By filling out a few online forms you will get a good idea of what repayments on that first home buyers loan you can afford each month, what you can actually borrow and the options such as having a good deposit – that may reduce your interest rate.
There are many rebates and schemes available to help you get that first home buyers loan. When you seek professional advice about your first home buyers loan you will find out about them and whether or not you are eligible.
Most lenders require around 5% deposit for a home and it is not always easy to save that much. But remember, when you have that first home buyers loan to pay off you will have to think twice before spending anything on things you may now consider to be just part of living. For instance, you may buy your lunch at work every day. The cost of this may seem insignificant, but try multiplying by the number of working days per year and you will be astonished.Cutting back on smoking and on buying magazines are two other ways you can save up quickly to get a deposit for a house and so be eligible to get that first home buyers loan.
Homebuyers Loan Guide - Bookshelf
RE/MAX Home Buyer's Survival Guide
Special Programs for Home Buyers Down payment assistance and advice, as well as alternative loan options, may also be available for first-time home buyers ...FHA Loan Origination Guide
... Residential Loan Application (URLA) and Addendum (form HUD-92900-A). Homebuyer's Copy Homebuyer's Copy Homebuyer's Copy Homebuyer's Copy Homebuyer's ...The Student's Guide to Financial Literacy
For example, traditional bank loans to home buyers are “first” mortgage loans. Second mortgages are subordinate to first mortgages. ...The Unofficial Guide to Buying a Home
The Community Home Buyer loan The Federal National Mortgage Association ... Fixed-rate loans are the only programs offered, and homebuyer education and ...Homebuyers Beware, Who's Ripping You Off Now?--What You Must Know about the New Rules of Mortgage and Credit
Easy Reference Guide: Terms to Know If you come across an unfamiliar mortgage term, ... as if the up-front fees were amortized over the life of the loan. ...Everyday Articles Directory
Home Buyers Guide
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Offers a guide to buying a home with a low downpayment. Also includes special government programs.
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I just wanted to send some positive feedback on your VA Homebuyers guide. ... I too have benefited as a veteran by using my VA loan to purchase my present home. ...
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