When you’re looking for a home loan, the amount you can borrow depends on a number of factors including:
- the value of the home you want to buy
- the value of your deposit and how much equity you have in your existing home
- your income
- your ability to repay your home loan i.e. how much money you will have to put towards repayments, after you’ve accounted for your regular expenses
- the type of home (freestanding house, apartment, etc.).
To get an indication of how much you may be able to borrow, you can use our home loan affordability calculator.
As soon as you decide you might want to sell and move, contact ANZ. We can show you what you need to do and how much extra you might be able to borrow for your new home.
Getting your home loan pre-approved
To make buying your new home easier, ANZ offers conditionally pre-approved home loans. Having your home loan conditionally pre-approved means the bank has agreed in principle that you can borrow a certain amount of money, subject to some specific terms and conditions – for example, about the type and value of the property you want to buy.
Having your home loan pre-approved means you won’t waste time by looking for homes outside your price range. It also puts you in a better negotiating position as you already have your home loan finance organised.
Another benefit of getting your ANZ home loan pre-approved is that we’ll give you two free eValuer reports from QV. An eValuer report gives you an instant automated estimate of a property’s market value, plus recent comparable property sales in the area. A home loan pre-approval is free and there’s no obligation.
Comparing ANZ Home Loans
We offer a complete range of home loans and can help you structure a solution to suit your needs. For more information view our section on choosing the right home loan.
Keeping your home as an investment property
If you want to keep your first home as a rental investment property, please refer to our investing section for more information about home loans for residential investment properties.
More information
For more information or to apply for an ANZ Home Loan:
Contact an ANZ Mobile Mortgage Manager
Call 0800 ANZ HOME (0800 269 4663)
Visit your nearest ANZ branch
For the ANZ First Home package, you need an ANZ everyday account with your salary, wages or business income direct credited and an ANZ Serious Saver account. ANZ lending criteria, terms and conditions and fees apply to all loans.
A copy of the Reserve Bank Disclosure Statement published by ANZ Bank New Zealand Limited may be obtained on request from any ANZ branch.
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 ANZ's financial advisers, please contact us on 0800 269 296.
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