What to expect when you meet with a mortgage advisor
You’re ready to buy your first home, congratulations! We understand that your first meeting with us might make you feel a mix of excitement and nerves, but worry not – we're here to make it a stress-free and smooth experience for you.
After you’ve gotten in touch with us, we'll reach out to introduce ourselves and share our Loan Market Fact Find. This is a simple questionnaire that you can complete online at your convenience. It helps us understand where you stand financially, your income and expenses, and the type of property you have your eyes on. Don't worry about filling it out perfectly; we will go through it together later. We just ask that you provide as much info as you can.
Next, we'll arrange a meeting with you. This can be in-person at our Dunedin office, over Zoom, or wherever suits you best. During this meet-up, we'll review your Fact Find together and fill in any missing details. We'll also chat about your short-term and long-term goals, plus, we'll walk you through the loan process step-by-step. Best of all, we are paid by the bank(s) so our service to you is free of charge!
At this point, we'll also use our system to calculate your borrowing capacity. It's not a formal pre-approval, but it gives you an idea of what the bank is likely to approve you for. We'll also discuss Kiwisaver First Home withdrawals and any government grants you may be eligible for.
To move forward with a formal pre-approval or home loan application, we'll need some supporting documents from you. These include valid ID (like your passport or driver's license), your last 3 pay slips (if you're a salary and wages employee), or last year's financial statements and tax returns (if you're self-employed).
We will also need your last 3 months' bank statements for your bank accounts, credit card statements, and a copy of your first home withdrawal eligibility letter from your Kiwisaver provider. If you can gather these before our meeting, it'll speed up the process, but no worries if you need some extra time – you can always send them to us afterwards.
We're here to guide you every step of the way, and our goal is to make your home buying journey as enjoyable as possible. So, take a deep breath, and let's get started on turning your homeownership dreams into reality! If you have any questions, get in touch with our Dunedin mortgage advisors. We can't wait to meet you and help you find your perfect home!