Other than a deposit, what costs do I need to factor in?: NZHL Nelson Bays
Why does the size of my deposit matter? ?
The size of your deposit makes a big difference to the interest rate and potential other costs you could pay on your home loan. Interest rates may be higher for loans with a lower deposit and generally, for lending where the deposit is less than 20%, the lender will also charge a Low Equity Fee or Lenders Mortgage Insurance.
https://nzhl.co.nz/find-us/nelson-bays/
Other than a deposit, what costs do I need to factor in? ✨
– Solicitor fees. These can vary depending on how complicated there sale and purchase process is.
– Builders report. Expect to pay between $700-$900.
– LIM report. Between $200-$400.
– Registered valuation. If your lender requires a valuation to confirm your finance expect to pay between $500-$700.
– Moving costs.
Refer back to this list here or on our website ?https://nzhl.co.nz/find-us/nelson-bays/
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