Recovering from divorce or a breakup is painful at the best of times. Even if your split is agreeable it can take time to work through finances, your emotions, and come out the other side. It’s not uncommon for details to get missed and credit records or loan repayments to take a hit during the process.
It only takes one unpaid bill or missed loan repayment to impact your credit record. And if you’re in the unfortunate position of facing multiple bills or a bad divorce; you may struggle to keep your credit record clean.
So you've lost the family home, you’re down to one income, and your credit record is looking less than perfect and you need to buy a new home. For many providers you’re not an ideal customer, but that doesn’t mean you can’t get a home loan.
RESIMAC have designed our products for real people with real needs.
In 2016 there were 8,169 divorces in New Zealand. With a median divorce age of 46.8 years for men and 44.4 years for women, it’s fair to assume that a good percentage of these involved dividing up the family home.11Source: Statistics New Zealand
We’re here to help you to move forward. We don’t want you to get stressed about not being able to get a home loan: we’ll work with you to make it happen. Let’s start with 3 simple steps that will help you get set and begin the process of buying your own place.
3 steps to begin the process of buying your own place
Step 1. Review your money
Don’t start by house hunting. You’ll set yourself up for disappointment if you start shopping before you know what you can afford. Begin by understanding exactly where you are financially and review your budget for a clear idea of how much deposit you’ve got, your income, and your costs.
Step 2. Grab your credit record
Forewarned is forearmed so let’s be upfront and check out your credit record. If it’s feeling the side effects of the divorce we can help you to get things straight so you’re good to borrow.
Step 3. What would you like to do next?
Your future is ahead of you and we’d like to help. Let’s make some plans around where you would like to live, what size and type of home loan suits you, and how long you’d like to borrow for.
Your home is your priority now but in 20 years time you might be ready to retire. We’ll help you to take a look at the bigger picture so your home loan suits your total finances.
See how easy that is? At RESIMAC we like to focus on what’s possible and working with you to achieve your goals. Our Lending Specialists are here to help you work through each step and understand exactly what you can do.
We will help you move forward and achieve home ownership.
See if you qualify. To get a more accurate idea of how much you can borrow with RESIMAC Direct,