25. Part 1: How Do I Figure Out How To Buy a House?

Hi friends, today on the show we are tackling the question "How do I actually figure out how to buy a house?". Regardless of where you live, the idea of owning your own home is probably on your wish list, or has been at one point. Us Kiwis LOVE buying property. And fair enough, after all investing in property has worked really well for most in the past. 

What's in the episode?

Often with ideas such as owning a property it can be a far-away goal that we know we want, but we don't actually know how to go about getting there. Or through the buying process once we have our initial deposit saved up and ready to go.

Society tells us that you need to own a home in order to be a success. That it's incredibly hard to get on the property ladder now, and with that, you won't be able to unless you get parental or generational support. Plus, rent is dead money so why bother doing that? 

We're here to debunk a few of these myths and help you *actually* figure out how you can achieve the property dream. 

In this Part 1 of the property ownership chat, we cover:

• Why it's important to know your timeline before you start putting the wheels in motion 
• How our timelines aren't always fixed - flexible timelines can ease the stress and get you to your goal 
• A step by step process of how to buy your first home
• Deposit requirements for first home ownership
• Considerations to make when thinking about the size of your mortgage and properties to buy 
• What you need to prepare before talking to a bank about getting a loan
• The 101 of Mortgage Advisers - how to find and approach them, how they differ to financial advisers and more
• How Cat bought her first property, then later, her first home and why Christine has changed her approach to property ownership goals. 

So whether you're anticipating that FHB journey or just love property chat, grab a coffee, hit the gym or start your commute and enjoy today's discussion.

If you're keen to check out more  head to https://itsnosecret.co.nz/25

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz