First Rate Mortgages

12 Tips On Getting Ready To Buy A Home

Sometimes it’s GOOD to be BAHD.

It’s always a great idea to start planning to buy a home or sell and buy again some 3 – 4 months out. I am sure you have all read about diet plans like Keto, Fasting, Detox and the Mediterranean, well we have developed the BAHD Plan for home buyers.  

Like all diets, the 3-month BAHD Plan, “Buying A Home Diet” is all about cutting out, moderation and planning.  

As one of the key criteria for a mortgage is your ability to meet the repayments all lenders look closely at your spending habits in the 3 months before applying for the home loan, especially with interest rates on the rise and predicted to go higher. They do this by “scraping” your bank statements which then categorises where your income goes. It is hard to say, “I will change once I have a mortgage”, lenders like to see that you have already made the effort and are showing good money management skills.  

So here are some of the tips if you want to try our BAHD Plan, it does work and will help you qualify for a Home Loan. We have reviews for you to read as well. 

Here are twelve dos’, don’ts or try to do a little less if you are going to try the BAHD way.  


Cut back on visits to Cafes for coffee and morning teas. 


Don’t buy your lunch every day, bring sandwiches or leftovers, from the night before. 


Takeaways and meals out at over the weekend are expensive, try and limit these.


Don’t use Laybuy or buy now pay later. If you can’t afford it now, wait till you can.


Credit cards should be cleared monthly in full.


Don’t miss any payments to car loans, credit cards, and HP.


Try and pay off as much short-term debts as possible.


Keep your bank account in credit or within its overdraft limit, no dishonours or reversed payments.


Clear any payments to debt collectors or IRD.


Resist cash advances at the Casino, Bars, Restaurants, or Credit Card, put this into savings


If you are moving money around accounts add transaction details such as “transfer to savings”.


Every so often treat yourself, but don’t go over the top.

Some of these things may take a little longer than 3 months and you may have to stay on the BAHD Plan a little longer, but if you have made a start, a Non Bank lender may still be able to help you.  

The best thing about BAHD is it can help you pay your Home Loan off faster as well.