First Home Buyers - North Shore Mortgages

First Home Buyers - we can help you with one of the most important decisions of your life...

Buying your first property is an important part of your life, regardless of whether you are buying for your own occupation or for investment. For many, it can be quite an emotional and stressful process as you deal with real estates, banks, solicitors and the like.

This is where North Shore Mortgages can help. We act as your key partner, we can assist with all third parties (including answering any of your parent's questions) and ensure the entire property purchase is as easy and enjoyable as possible. We will always go the extra distance for our clients.

Before you begin to look for properties, speak to us to understand the process and find out your maximum purchase price. This will give you added confidence when you step out into the marketplace.

Don't forget to check out our resources page for extra tips.

There are advantages and disadvantages to both owning and renting. But ultimately, the decision will come down to your individual circumstances.

Here are some things to consider:

Rent	Own
If the value of the property rises, you may have to pay more in rent	If the value of the property rises, you’re likely to make a profit if you sell it
Building maintenance is your landlord’s responsibility	You need to budget for building maintenance
Your rent is fixed for a relatively long period of time	Your repayments may fluctuate with interest rate changes
You’re paying off someone else’s mortgage	Your property is likely to be an appreciating asset—and could become an investment property in the future
Your monthly rent payment may be less than mortgage repayments, especially if you’re sharing	Your mortgage repayments may be more than your rent—but you can also view this as a form of saving
You don’t have any control beyond the term of your rental agreement	The property is yours to live in as long as you want to
You’re limited in the changes you can make to the property	Generally you can do anything you like with the décor and outdoor areas
Generally you’re not locked into a long-term commitment, and can move out at short notice	It takes longer to sell a property, so you have less freedom to move
Someone else owns the property	It’s a place of your own