PROFILE & FIRST HOME LOAN ( KAINGA ORA)

Jaz Bedi, Founding Director and Mortgage Adviser of The Mortgage & Loan Guru Ltd, Auckland. Started this company with a mission to help kiwis with their Mortgage & Insurance needs.

Jaz is an expert adviser and passionate in delivering a great customer experience, the main goal is to help clients in achieving their financials and real estate goals.

We just love helping first home buyers and making sure they are informed and guided at every step. You can rely on the Best Advice:

* Independent Expert Advice

* Best deals –Interest rates & tailored structures to save interest costs

* Risk Insurance Specialist

* Relationship & Personalized service

* First Home Byers with Low Deposit -5%

* Welcome Home Specialist

* Refinance/ Refix

* Construction loans

Jaz believes that the key to doing well financially is knowing that money can work for or against us and that we have a choice which way it goes. He is passionate about helping people make the right financial choices by educating them (without being too boring!) about money matters and risks. No sales pitch, no up-sells, no scare tactic; arming clients with easy to understand information is his forte.

Jaz is an accredited mortgage adviser and deals with all the major and Non- Bank Lenders.

Major Banks- ANZ, ASB, Westpac, BNZ, TSB, SBS, Co-operative ETC

Non-Bank - Liberty, Bluestone, Avanti, Basecorp, ASAP, DBR, Cressida, First-Trust Mortgage ETC

Top Insurance companies- Onepath, AIA, Partner’s Life & Sovereign.

Action speaks louder than words, Please check out my Facebook page - https://www.facebook.com/JazBediRegisteredFinancialAdvisor/

I am dedicated to finding the best deal for you needs. To find out more please contact us today on 02102793704 or email us at jaz@tmlguru.co.nz. Website – www.tmlguru.co.nz

FIRST HOME LOAN 

Finding the deposit for your first home can be a struggle, with most lenders currently requiring a minimum 20% deposit. But with a First Home Loan you only need a 5% deposit which means getting into your first home is that much easier.

First Home Loans are issued by selected banks and other lenders, and underwritten by Housing New Zealand. This allows the lender to provide loans that would otherwise sit outside their lending standards.

Maximum income

To be eligible for a First Home Loan your household income for the last 12 months must have been $95,000 or less (before tax) if you are the sole borrower. If you are teaming up with one or more borrowers to buy a house, then you can have a combined household income up to $150,000 (before tax) in the last 12 months.

Other criteria

You must live in the home you are buying. A Welcome Home Loan (First Home Loan) cannot be used to buy an investment or rental property.

You cannot own any other property.

You will need to pay a Lender’s Mortgage Insurance (LMI) premium of 0.50% of the loan account. The lender may also apply a loan application fee. In most cases these fees can be built into the home loan. Talk to your participating lender to see what applies.

You are a New Zealand citizen or permanent New Zealand resident  Visa.

What about if I want to build a house?

Some participating lenders allow you to build a new house with a First Home Loan. Please ask your preferred lender if they do and what their criteria is.

Maximum amount you can borrow

The maximum amount you can borrow with a First Home Loan depends on the region you are buying in. Each region has a house price cap. The maximum loan for that region is the house price cap less your 5% deposit.

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