Skip to main content

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. 


Labels:

Comments

Post a Comment

Popular posts from this blog

Continuing to break the poverty mindset

Whuuuu.  I'm still processing the latest thought patterns.  We're going to an Open Home on Sunday. 52 Buchanan. Beautiful big house. Flashy, as Crystel puts it.  She wants to live in a flashy house.  I get it.  We've both been through some crazy trauma and deserve good things.  But inside me is also this niggling thought that makes me think I don't deserve to. That thought is holding me back.  I find it hard to see myself in a fancy, flashy, new house.  I prefer to see myself in a villa.  Part of that could be conditioning while growing up. Maybe it's to do with my preconceived notions and ideas about wealth.  Maybe I still have more work to do.  At present - my list of house options:  52 Buchanan Street Ōpōtiki * 3 bedrooms, 2 bathrooms * newer house * Not much section * Pizza oven * Big garage * Big white gates * Open plan living and kitchen 32 Potts Ave * 2 bedrooms, 2 toilets, 1 shower over bath * Co...
Post a Comment
Read more

Sandy NanoWriMo 2014

Update: Quite a bit longer now...  #NaNoWriMo2014 She woke up just like any other day, with her alarm playing on her phone and her arm sprawled across her face. Her face covered from the overwhelming light that drifted through the non-existent curtains and onto her bedroom walls. She had been clever enough a year ago to begin mapping out the sun's cycle as it passed her little apartment and knew without even looking at her phone that she had overslept. Sandy Jenkins was no ordinary person. But she felt overly ordinary every single day. The problem was, she hadn't quite figured out her purpose in life, nor had she found the suitable (insert worm mating phrase here).  Unfortunately, Sandy had a couple afflictions. The first was that she was stuck in a job that she didn't particularly like. She had a range of talents yet none of these had anything to do with her current 'career pathway' or so her parents continued to call it. They said it was a stepping stone to a much...
Post a Comment
Read more