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So I'm now in negotiations with a mortgage broker. Yes guys, I'm growing up, getting old, and looking at buying a house.
This is a huge step, and to be honest it's kind of scaring me; but the way I see it the sooner I get the loan, the sooner I can pay it off, and the sooner I am debt-free. With my own house.
It's a massive process here in NZ.
First there's the financial appraisal to see what size loan I could afford with my current wage. This will tell me how much I can borrow.
Then there's the pre-approval process, which involves the broker seeing all the banks to find out which one will offer me the best interest rates and repayment sy