Debunking First Home Buyer Myths in 2024 NZ
In this episode, Andy & Simon are debunking first home buyer myths in 202. From the misconception that a 20% deposit is mandatory to the belief that changing jobs increases taxation, we unravel these myths and provide clarity on the home buying process. Learn about the role of main banks versus second-tier lenders and the truth about parental assistance in home purchases. Plus, gain valuable insights into Kiwisaver contributions, risk mitigation strategies, and get answers to hot seat questions from our expert, Andy.
Sofia's video: • How To Buy Your First Home In NZ 2024 | Ho...
⏰ Chapters ⏰
00:00 What this video covers
00:45 Myth 1: 'I can't buy because I don't have a 20% deposit'
02:45 Myth 2: 'My main bank will look after me. I've been there for a long time'
05:04 Myth 3: 'If I get another job, I'll be taxed more'
08:30 Myth 4: 'Socialising and cafes mean that I can't buy a house'
12:07 Myth 5: 'My bank declined me. But the 2nd tier lenders are going to be easier for me'
16:04 Myth 6: 'I can't buy a home unless mum and dad help me'
19:03 Kiwisaver numbers
21:37 Identifying & mitigating risks
24:37 Hot seat questions for Andy
30:21 Summary
Get your Mojo Map: https://whq.co.nz/mojo-map/
Who are we?
wealthhq is our offering to help people who want to buy a home but need a bit more time and help getting into that position much faster. We are committed to providing the right tools and education to fast-track your first home property purchase. Action is the key that lets people down the most. If you’re ready to get the best head start and start building your financial freedom today – then lets do this.
Learn more about us: https://whq.co.nz/
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