Buying your first home? Our Hawke's Bay Mortgage Advisers can help
How to get a first home loan in Hawke’s Bay
Purchasing your first home is so much more than checking out a few properties. It’s about planning a future, and most importantly, it’s one of the biggest financial commitments you’ll ever make.
If you’re on a house hunt, come and talk to one of our first home loan advisers in Napier. Careful planning and sensible mortgage advice can take the stress out of the process and make your first step on the property ladder a secure one. We can help you to apply for your first home withdrawal from your KiwiSaver too.
Our Hawke’s Bay Mortgage Advisers are here to answer your questions, including:
Most lenders require at least a 20% deposit for an owner-occupied home. However, with certain bank and non-bank options, you may be able to buy with as little as 5–10%, depending on your situation.
Repayments are based on three main factors:
- How much you borrow
- Your interest rate (fixed or floating)
- Your loan term (e.g. 25 or 30 years)
Once these are set, we can give you personalised weekly, fortnightly, or monthly repayment amounts. If you’re still early in the process, we can also model different scenarios so you can see how repayments change with rate movements.
Your ideal mortgage structure depends on factors such as:
- How stable your income is
- Whether you expect lump-sum payments or bonuses
- How aggressively you want to pay off your mortgage
- Your appetite for interest rate changes
- Whether you need flexibility (e.g. renovations, starting a family, business plans)
You can also do a combination (e.g. part fixed, part floating), but the exact mix is tailored to your financial goals. Come and talk to a Mortgage Adviser at Mortgage Link Hawke’s Bay.