The lowdown on the First Home Combo
Exciting news for first home buyers! One bank has recently announced their new home buying incentive, the First Home Combo. Designed specifically for those buying their first home, this combo offers up a great interest rate, free insurance and some cold hard cash.
Before we get into all the details, it’s a good idea to remember that there are certain criteria that need to be met to get this combo, so if you are interested, then reach out to us and we can see if it’s a product fit for you.
The First Home Combo works in conjunction with the Kainga Ora First Home Loan, First Home Grant, and First Home Partner. So there really are some great options out there for our current first home buyers.
So what’s included in the combo?
- A low interest rate of 5.79% p.a. fixed for one year, and a discounted floating rate of 5.94% p.a. for those building a home. Like everything, this rate could change depending on when you apply.
- Free money. Yes really. Included in the First Home Combo is $2,000 to help you cover the costs of buying your home. This will help out with things like lawyers bills, moving costs, or buying much needed furniture or appliances for your new place.
- To help with things even more, you’ll also receive $1,000 to help cover your first years premiums of house and contents insurance policies*
- Get a $1,000 top up on your KiwiSaver*
- Interest free credit card*
As mentioned above there are strict criteria to meet to be eligible for this deal, and some of these bonuses (*) may only be redeemable in certain situations. If you’d like to know if the First Home Combo is the right lending product for you, then get in touch with our Loan Market Queenstown, Wanaka, and Central Otago mortgage advisors today and we can take you through it.
Simply call 03 441 1307 or click here to make an appointment to speak with one of our team.