Broker outlines tips to mortgage success

by Krizzel Canlas06 Sep 2018

Understanding potential home buyer’s financial decisions is critical in helping them get onto the property ladder, says one expert.

According to mortgage broker Craig Pope, of Pope & Co Mortgages, the slowdown in the housing market does not dramatically change the game for first-time home buyers.

He noted that no matter the financial personality, a home buyer would still need to save a deposit and be able to meet mortgage repayments.

Here are some questions first-home buyers should ask themselves, as outlined by Pope, that could be the missing piece of the puzzle when it comes to saving a deposit:

  • Do you like to spend money on your friends and family?
  • Or do you prefer to spend it on experiences?
  • Perhaps you prefer to save it in the bank?

“First home ownership is still achievable in Wellington – no matter how you spend or save money, first-home buyers can get on the ladder if you harness your financial smarts,” Pope stated.

 

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