Guest Article – What Are The Biggest Challenges For First Home Buyers?

Guest Article – What Are The Biggest Challenges For First Home Buyers?

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Have you ever wondered about a Mortgage Brokers ‘Top Tips’ for first home buyers?

I was recently featured in the NZ Adviser guest article where I answered many of the questions first home buyers have, and the challenges they face when looking to get their first home in the NZ home owners market.

From the article

“A lot of the challenges that first-home buyers face are around short-term debt.”

One of the things I discussed is around needing the right percentage of deposit.

“They’re dealing with things like student loans and vehicle finance, and they’re often using their KiwiSaver as a deposit. So they need advice around what a 10% deposit will look like for their savings, and the costs that they’re in for around having a 90% loan.”

To read the rest of the article follow this link to visit NZ Adviser website.

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