Mortgage assistance & the First Home Owners Grant

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Mortgage assistance & the First Home Owners Grant; Helping buy a home
Topic Started: 25 Feb 2009, 02:56 PM (145 Views)
Home Loans Free Advice Man	25 Feb 2009, 02:56 PM Post #1
Newbie Posts: 6 Group: Members Member #2,413 Joined: 28 August 2008 My Location Melbourne & Mornington Peninsula	Joined the site last year after helping several members obtain home loans and access FHOG money. Experienced broker and charge no fees, genuinely looking to help new Australian residents. Extra FHOG funds available until June 30 2009, so if you are in the market, please send me an email enquiry via website: www.lightningfasthomeloans.com.au All the best - Adrian :mate:



Mr Anderson	27 Feb 2009, 12:33 AM Post #2
Member Posts: 76 Group: Members Member #1,909 Joined: 28 January 2008	Home Loans Free Advice Man 25 Feb 2009, 02:56 PM Joined the site last year after helping several members obtain home loans and access FHOG money. Experienced broker and charge no fees, genuinely looking to help new Australian residents. Extra FHOG funds available until June 30 2009, so if you are in the market, please send me an email enquiry via website: www.lightningfasthomeloans.com.au All the best - Adrian :mate: hi , can you advise please. our land is to be released in july but it was expected to be released in march. We have signed the contracts in december. Will we still be eligible? Thanks Alan



Home Loans Free Advice Man	2 Mar 2009, 11:04 AM Post #3
Newbie Posts: 6 Group: Members Member #2,413 Joined: 28 August 2008 My Location Melbourne & Mornington Peninsula	Hi Alan, Happy to help ... from your post I presume you are in fact asking if your are still elgible for the First Home Owner Grant funds. The purchase of the land is not the trigger for the eligibility when constructing a new home, it is the date on which the building contract is signed / executed. So, your eligibility for the additional funds which could be up to $26,000 or even $29,000 (depending on where the land is that you are going to build on) is subject to a formal building contract, not the land purchase. At present that building contract has to be signed by June 30th this year to claim the increased amount. There is a lot of speculation, even expectation, that this date will be extended in the May Federal Budget, but at this stage the best advice is to try and have any building contract signed before June 30th if possible. I hope I have understood your enquiry properly and that this reply helps - if I have misunderstood or you have further questions please feel free to call me on 0418 526 404, or email to adrian.williams@lightningfasthomeloans.com.au Obviously if I can also assist with arranging the best finance option, I would appreciate being able to do so for you. All the best, Adrian



Home Loans Free Advice Man	2 Mar 2009, 11:21 AM Post #4
Newbie Posts: 6 Group: Members Member #2,413 Joined: 28 August 2008 My Location Melbourne & Mornington Peninsula	Apologies, in my last post, the 'your' in the first sentence should have been 'you're' .... need to re-read material before posting it eh? Adrian!



Mr Anderson	3 Mar 2009, 02:31 AM Post #5
Member Posts: 76 Group: Members Member #1,909 Joined: 28 January 2008	Home Loans Free Advice Man 2 Mar 2009, 11:04 AM Hi Alan, Happy to help ... from your post I presume you are in fact asking if your are still elgible for the First Home Owner Grant funds. The purchase of the land is not the trigger for the eligibility when constructing a new home, it is the date on which the building contract is signed / executed. So, your eligibility for the additional funds which could be up to $26,000 or even $29,000 (depending on where the land is that you are going to build on) is subject to a formal building contract, not the land purchase. At present that building contract has to be signed by June 30th this year to claim the increased amount. There is a lot of speculation, even expectation, that this date will be extended in the May Federal Budget, but at this stage the best advice is to try and have any building contract signed before June 30th if possible. I hope I have understood your enquiry properly and that this reply helps - if I have misunderstood or you have further questions please feel free to call me on 0418 526 404, or email to adrian.williams@lightningfasthomeloans.com.au Obviously if I can also assist with arranging the best finance option, I would appreciate being able to do so for you. All the best, Adrian Hi thanks adrian what i meant to say was that our title is being released later than it shoul have and we had signed a building contact last year after the 26k grant date. We were just worried that june was the cut off date when the funds stopped BEING PAID but it looks like everything is ok. We are lucky we dont need any finance we are paying cash (but then we will have nothing left)!!! thats why the $26k was a help. Thats to furnish it and pay stamp duty etc Hope this makes more sense Al


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