Karen’s First Home Buyer Property Of The Month – November
Karen Renwick From Mortgage Link Presents Her “First Home Buyer Property of the Month”
Every month our FHBC advisor Karen Renwick will select a First Home Buyer Property and run the numbers to show how it could become your first home.
Could this be your new home?
Proudly presented for sale by 
First Home Buyer Property: Listed price $549,000 – 78b Vodanovich Road, Te Atatu South
Quietly tucked away is this super starter home boasting a fantastic location and packed with potential. It offers the perfect opportunity to get into the market.
The open plan living area flows out to a lovely, private covered deck. A heat pump ensures you are the perfect temperature all year round. The kitchen has separate cooktop and oven and a good layout. Also on this level is a double bedroom and bathroom with laundry and separate toilet. Upstairs is the spacious master bedroom which has the bonus of an ensuite bathroom.
There is plenty of off street parking including a carport and mature trees provide a leafy backdrop. It’s the location that is key, close to WestCity Waitakere shopping centre, The Trusts Arena, and a selection of cafes. There is also fantastic access to both the Te Atatu and Lincoln Road motorway onramps and to public transport making this is a great place to start your journey on the property ladder.
See The Property Details Here
Mortgage Link works closely with the First Home Buyers Club (FHBC) to help their members find solutions to their lending needs. We have strong relationships with some great Real Estate Agents and I wanted to share with you my “First Home Buyer Property of the Month”, to give you real food for thought for your possible first home. Could this 2-bedroom home be the one for you?*
With a list price of $549,000†, this is an example of how the purchase may breakdown for you….
Purchase
Purchase Price: $549,000
20% Deposit: $109,800
80% Lending: $439,200
Example deposit funds
KiwiSaver – applicant 1‡: $31,000
KiwiSaver – applicant 2‡: $42,200
Home Start Grant – applicant 1†: $5,000
Home Start Grant – applicant 2†: $5,000
Savings: $26,600
Total Deposit Funds: $109,800
Indicative fortnightly repayments for $439,200 equals $1,050
Based on:30-year term, 4.69% 2-year fixed rate (interest rates subject to change)
‡Subject to KiwiSaver membership and eligibility. KiwiSaver deposit funds estimated example only, based on $50,000 + $70,000 incomes for 8 years, 3% + 4% contributions respectively Lending availability subject to client meeting lending criteria
†For existing homes where the purchase price is $600,000 or less: – you may be eligible for a Home Start Grant to help towards your deposit funds – you may be eligible to utilise a Welcome Home Loan, which would allow you access to lending with 10% deposit.
To enquire about the property, please call Glen on 021 814 001 or Mel on 021 554 044, email them via the link on the website or go along to one of the open homes – tell them you are a FHBC client; they will be pleased to help you.
If this property doesn’t quite meet your needs, Glen or Mel will be able to help you, there are a number of similarly priced properties available.
Karen Renwick
Registered FHBC Mortgage Adviser
I would really like to help you achieve your goals. For assistance with your lending and/or to secure a pre-approval, please email me at fhbc@mortgagelink.co.nz , or provide me with some of your information by completing our: Home Readiness Check and I will be in touch soon.
A disclosure statement is available on request and free of charge
* Please note: I provide mortgage structure and repayment advice, and not an opinion or recommendation about any property you are considering purchasing – you are responsible for and need to complete your own due diligence.
Dustin Lindale November 8, 2017 First Home Buyer Property