| | To work out how much you can afford to spend on a new home, you need to work on your budget, find out what you can borrow and consider your deposit or equity options. | | 2. AffordabilityHow much could I potentially borrow?Get an estimate of the amount you could borrow to buy a home.
When you’re buying another house you should work out what you can afford to spend. Use our tools to help. More…
Budget planner calculator | Detailed budget worksheet (PDF) | Budget at a glance (PDF) | Costs of selling and buying a home calculator | Costs of selling and buying a home (PDF) | Pre-approval
The more deposit you have, or the more equity you have in your home the less you need to borrow. More... The amount you can borrow depends on the value of the home you wish to buy, the deposit amount you have or equity you have to contribute and how much you can afford to pay toward your loan repayments. More... Before you start looking for a home it is recommended that you get a conditional pre-approved home loan. This means you have an indication of how much you can spend before you start looking. It's easy to apply for. More... Your regular repayments can be made weekly, fortnightly or monthly. How much they will change with your new home will depend on a number of factors. More... When you buy a new home you can usually take your existing home loan with you. More... Our lending criteria, terms, conditions and fees apply to all loans. This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of The National Bank's financial advisers, please contact us on 0800 18 18 18. | | Know how much you can spend...before you start looking. Get your home loan conditionally pre-approved - find out how.
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