North Canterbury News: May 11, 2023
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Your local professionals<br />
Getting ‘First Home Loan’ Ready<br />
If you’re tiredofhomeownership<br />
sittinginthe too-hardbasket,<br />
andwant<strong>2023</strong> to be theyear<br />
that youget your houseplans<br />
underway, mortgage advisers Lisa<br />
Marshall andGraemeSoper at the<br />
<strong>North</strong><strong>Canterbury</strong>-based Maria<br />
Thackwell Mortgage Companyare<br />
theretohelp.<br />
Five keycomponentstogetting<br />
home loan ready are:<br />
■Understandingyourhomeloan<br />
affordability<br />
Understandwhatyou canafford:<br />
That is,the regularrepayment<br />
amount youcan committo, with<br />
some room to breathe.<br />
Create abudget that listsall of<br />
your regularand one-offcosts<br />
acrossthe year —groceries,<br />
petrol, utilities, insurances, credit<br />
card payments or otherdebt, car<br />
rego andmaintenance —toarrive<br />
at amonthlyaverage foryour<br />
living costs –and don’tforgetto<br />
include newexpensesyou’llincur<br />
as ahomeowner like council<br />
rates.<br />
Next, add in anyregularsavings<br />
like KiwiSaver, or rainy-day funds<br />
youhave, then subtractyour<br />
expensesand savingsfrom your<br />
monthlyincome. What’s left is<br />
approximatelywhatyou could<br />
affordinregularrepayments,<br />
subjectto‘safety’buffersapplied<br />
by your lender.<br />
■Getting your deposittogether<br />
There areanumberofwaysyou<br />
canget your deposittogether,<br />
such as your ownsavings,<br />
KiwiSaverfirst-homewithdrawal,<br />
andgifted funds from parents.<br />
Whetheryou qualifyfor a<br />
depositoflessthan20% will vary<br />
dependingthe credit andlending<br />
criteria of differentlenders. Thisis<br />
whereMaria ThackwellMortgage<br />
Companycan helpasithas access<br />
to themajorityofbanks that lend<br />
to clients with lessthana20%<br />
deposit. Just getintouch.<br />
■Takingagood look at your<br />
spending<br />
What story does your bank<br />
accounttell? Areyou overextendingyourdiscretionary<br />
income anddipping into credit<br />
cardsorunauthorisedoverdrafts<br />
on your accountalittletoo<br />
regularly? Areyou puttingaside<br />
some moneyassavings?<br />
■Tidying up your debt<br />
It’s well worthhavingalook<br />
at your debt options.Any debt<br />
you’re repaying when youapply<br />
foramortgagewill reduce the<br />
amount youcan borrow,and<br />
dependingonthe level, debt<br />
canbeacautionaryflag for the<br />
lender.Talk to us about debt<br />
consolidation, this canbeagreat<br />
optiontoget youhome<br />
loan ready.<br />
■Talktoanexpert<br />
As experiencedmortgage<br />
advisers,it’sour jobtohelp Kiwis<br />
understandhow to getmortgageready,<br />
explore theoptions they<br />
have,tonegotiate with lenders<br />
andultimatelysecureamortgage<br />
that’s purpose-fitfor individual<br />
needs. If youhaveany questions,<br />
MariaThackwellMortgage<br />
Company is here to help.<br />
Just getintouch either by calling<br />
0800 888 485 or emailingusat<br />
office@mariathackwell.co.nz.<br />
Graeme Soper and Lisa Marshall<br />
are here to help.<br />
Fast, Friendly, and Affordable pest<br />
control around <strong>North</strong> <strong>Canterbury</strong><br />
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2430553v1<br />
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home<br />
Call for a FREE QUOTE<br />
0800 667 778<br />
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for the<br />
feeling<br />
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•Customised<br />
Programmes<br />
•Experienced<br />
Trainers<br />
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Kaiapoi<br />
101 WilliamsSt<br />
Ph 3277250<br />
Rangiora<br />
8High St<br />
Ph 3130909<br />
2579805<br />
25<strong>11</strong>0<strong>11</strong>v1<br />
•Experts in Jewellery Design<br />
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1Good St, Rangiora<br />
Ph: 03 310 6191<br />
Em: info@crawfordhill.co.nz<br />
Graeme<br />
&Lisa<br />
your local<br />
Mortgage Advisers<br />
2538083v1<br />
PH: 0800 888 485<br />
office@mariathackwell.co.nz<br />
facebook.com/abacusheatpumpcleaning<br />
027 496 8192<br />
johnawright@xtra.co.nz<br />
LIDDELL AND CROOK LTD<br />
CHARTERED ACCOUNTANTS<br />
HELPING YOU TOGET IT<br />
RIGHT AND GET AHEAD<br />
Accounting Services Business Support<br />
Xero Training and Conversion<br />
AMBERLEY OFFICE<br />
2A Pound Street, Amberley<br />
Phone 03 314 8717<br />
Amberley hours: Wednesdays only<br />
9.00am –12.00pm and 1.00pm -2.30pm<br />
Email rachel@liddellcrook.nz<br />
CHRISTCHURCH OFFICE<br />
62 Langdons Road, Papanui, Christchurch<br />
Phone 03 352 1076<br />
www.liddellcrook.nz<br />
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25<strong>11</strong>021v1
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