In this day and age, where house prices are rapidly increasing, it is easy to think that home ownership is an impossible dream. Before I became a mortgage adviser I used to watch these escalating prices and wonder whether my kids would ever be able to afford one of their own, it just seemed like it was increasingly impossible, right?
Robyn Turner is a Mortgage and KiwiSaver Adviser based in Tauranga.
Everything changed when I became an adviser and discovered the tools that are available to help people get there. Now that impossible dream looks like a very achievable reality. What changed? Only my perspective.
You might be surprised at the types of families that are still able to afford to buy a home. I see large families on a modest income buying their home, I see solo parents buy and I have seen people in their 50s buy their first home. Many of these didn’t think they would ever be able to do this, but once we identified what needed to be done, they were able to move fairly quickly from A to B. The majority of these people had no additional support from parents, but simply focussed on what needed to be done once we identified it.
Hope…. It starts with that seed of hope. Is it really possible? Yes, it is possible, but it will usually take some time and commitment. Visualise yourself in your own home paying your own mortgage rather than someone else’s rent.
Inquire…. What do you need to do to reach your goal? If you’re buying a house then you usually need at least a 10% deposit which might sound pretty daunting. But there are effective tools to help people get there sooner rather than later, so inquiring into this can give you the knowledge of those tools. A mortgage adviser is a great place to start as we are able to guide you in this process and it’s never too soon to approach one.
Plan…. Once you know what you need to do to reach your goal, you can implement a plan of action to get there. You might need to pay down debt, you might need to build your deposit, you might need to increase your income, but once this has been identified then a solid plan can be put in place. I find that the majority of my clients only need to change one or two simple things to get them on track.
Believe you can do it and stay focussed …. Once you have your plan of action it is so much easier to believe you can do it. When you believe in yourself you are far less likely to be distracted by the lure of an overseas holiday or a new car, the very things that will hinder your ability to buy a home.
Start Now! There is no time like the present to begin. We can do this together.
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