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And we begin again....

This time... I'm prepared. 

My Google Drive is full of all relevant information. It's simple for my new financial advisor John from Isbister to comb through and navigate to find the information he needed. 

John has been incredible. Informative, clear and absolutely passionate about helping first home owners into their first homes. 

He's already sent the application off to SBS. I only talked with him on Saturday arvo. It's Monday. 

He provided me with all relevant information, financial feedback and complete candor about my current situation. 

I spend far too much on food. That has to stop. 

I also need to decrease the CC limit to $12000. I'm waiting on a call back from Westpac at the moment. 

I was sent to John via Nigel from YouOwn. I'd only heard of YouOwn because I was searching for alternatives to Kainga Ora Home Partnership Scheme. 

YouOwn's rules and regulations are similar to but also vastly different to those outlined by Kainga Ora. 

For several reasons - I chose YouOwn shared equity over Kainga Ora:
* Kainga Ora do physical checkups on you and the house every six months. YouOwn states in their agreement that they could, but they don't. 
* Kainga Ora wanted to know about and needed to agree to any renovations or improvements I wanted to make to the whare. YouOwn just needed to be informed. 
* Kainga Ora expects to be paid alongside the mortgage and must be paid out by the tenth year. YouOwn is paid an equity acknowledgement - but you pay your mortgage first and then in five years time once you have more equity, you can borrow back from the bank on your equity and pay out YouOwn. 
* Kainga Ora will only let you buy newbuilds. YouOwn allows newbuilds AND exisiting houses. 
* YouOwn is funded by charities and is not government funded. 
* BayTrust put a lot of money towards YouOwn to help BOP people into their first homes. 


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