How to Buy Your First Home
Buying your first home can be an extremely daunting process with many not knowing where or how to start the journey. Special offer: register two learners on one order and you'll be charged only one course fee, making it easy for you to prepare together!
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Wed 23 Jul
- Register two learners on one order and you'll be charged only one course fee, saving each: $14.50 incl. GST
- $29.00 incl. GST
Sessions
Session 1
Wed 23 Jul 19:00 - Wed 23 Jul 21:00At Selwyn College, Auckland.Session 2
Wed 30 Jul 19:00 - Wed 30 Jul 21:00At Selwyn College, Auckland.Session 3
Wed 06 Aug 19:00 - Wed 06 Aug 21:00At Selwyn College, Auckland.Please note there is NO refund or transfer if you cancel less than 5 working days in advance of a class starting. Our refund policy can be read in full here.
Description
Buying your first home can be an extremely daunting process with many not knowing where or how to start the journey. Over three weeks, this course will break down the basics of the lending environment, translate lending jargon into plain English, provide insight into how you are viewed by lenders so you can maximise your borrowing power, and show you how you can best set up and utilise your deposit. The course will follow a virtual journey to home ownership, so you start along your own journey feeling informed and empowered. Bring your partner and prepare together - register two learners on one order and you'll pay only one course fee.
Expected learning outcomes
- Understand the basics of the lending environment and understand the concepts of a mortgage and how this relates to a first home purchase.
- Understand basic investment principles of fund selection and asset allocation as they relate to KiwiSaver to increase financial literacy and build knowledge to improve your financial outcome.
- Learn how to evaluate your own income and expenditure to develop a robust and personalised budget that will empower you to increase your financial literacy and take control of your own financial future.
- Understand the journey to home ownership, including the individual steps to take and which professionals can offer support at which stages.
Course outline
- Translating lending jargon
- Understanding interest rates
- Understanding equity
What are the different types of lenders and how do they operate?
- Banks and non-bank lenders
What are the steps in the lending journey?
- What does the journey look like, and how long does it take?
- Third parties: solicitors, accountants, real estate agents, builders and valuers.
- Kāinga Ora
- What can make up a deposit?
- How much deposit do you need?
- What are some ways to build up a deposit?
- How can Kāinga Ora help?
- KiwiSaver
- What is KiwiSaver?
- What is fund selection and the principles behind fund selection?
- How to use your KiwiSaver for your first home.
- Understanding bank calculations of affordability
- Understanding the influencing factors of affordability and borrowing power
- Income
- Expenses
- Debt obligations
- Credit scores/history
- Account conduct
- How to analyse your own expenditure to create a robust personalised budget
- Finding a house
- Understanding the different property types and titles
- Understanding the sale and purchase process as a buyer and the different purchase pathways (e.g. price by negotiation, deadline sale, auction)
- Who else should be involved and at which points (Solicitor & Building Inspector)
- Meeting your conditions
- Process of unconditional and then settlement
- Choosing a loan structure to suit your personal goals
About your tutor, Dylan
Dylan started his own financial banking license and employed over 225 financial advisers around Australia, to work under his brand iPRAXIS Pty Ltd. As CEO, Dylan was essentially responsible for the professional conduct, training and ongoing support of all his financial advisers, positioned throughout Australia & Philippines now in New Zealand with The Advice Hub Ltd.
Dylan has been teaching adult education at community colleges in Australia and since 2001 and in New Zealand from 2016, covering all financial advisory topics. Community education has remained close to his heart, as he is committed to sharing financial knowledge with his community.
- Self Employed Adviser with AMP (AUS) 1999-2026
- Diploma Financial Services 2002,
- Real Estate Licensee NSW Australia 2006
- Founder of iPraxis Financial Services Australia & Philippines 2006 - 2014
- Advanced Diploma of Financial Services Australia 2011
- AFA Financial Adviser Auckland New Zealand 2016
- Currently Head of Investments at The Advice Hub starting in 2017
