#58 - Fear Of Messing Up? Here's the most common fears of buyers, and how to fix them.
The Mortgage Man - A podcast for everyone with or wanting a mortgageShow Notes
Fear of losing your deposit if the developer goes under?
Fear of buying a house that's going to leak or fall over?
Fear of overpaying in this market?
Fear of rates increasing so much you can't afford them?
Fear of the home value decreasing the day after you buy?
A lot of fearful thoughts..
But no worry..
We are here to save you- hopefully.
Chris and I cover why these thoughts, although quite normal, should not stop you from buying your first or any other home.
Why?
Because you have so many safety nets in place before you buy.
After all the bank is taking more risk than you by giving you a mortgage as they will own up to 80-90% of the property at the start, and they want to make sure the property is not overvalued or going to fall over the next day.
Have a listen to get more reassurance
..and remember buying when interest rates are higher is a good way to get a discount on a property; and that will make a bigger difference to the total interest cost over the lifetime of your mortgage.
More from The Mortgage Man - A podcast for everyone with or wanting a mortgage
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If you have decided you want to buy your first you will realise pretty quickly that you don't know where to start , or how to find your ideal first home...Then once you do find it, how do you know how much to offer on it?This is one of the most common questions I get, so I invited Vanessa from Realestate.co.nz to help.
People are pretty casual about these