The First Home Owners Grant
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Copyright 2006 Tracey Anderson The Australian federal government introduced the First Home , Cancelling Pmi Owner Grant (FHOG) in 2000 to compensate for the GST (goods and services tax) and to make buying , What Is Debt And What Is A Debt Consolidation Loan a home , Subprime Mortgage Loans Which Lenders Should You Avoid easier for all Australians. Since that time, this popular grant has helped people in every state to buy , Applying For Credit Avoid The 5 Leading Reasons For Credit Denial And Get Approved Today their first home. , Rolling Your 401K Contributory Ira Vs Rollover Ira As a result of this grant, as well as other economic factors, homeownership in Australia is now at an all-time high. Depending on your lender, , Against The Top Down Approach To Picking Stocks you may be able to use the $7,000 grant as part of your down payment. , Stocks Wiggle They Bounce Fade Pop Shuck And Jive Not all lenders , How To Evolve A Financial Success System will allow it to be used in this way however, so if that is your intent, take the time to shop around and compare lenders. , Covering Yourself Against Household Pests The mortgage , Day Trading Psychology An Unspoken Rational Approach market is highly competitive, and more lenders , Debt Consolidation The Situation Which Demands An Unsecured Debt Consolidation Loan are starting to allow the grant to be used as down payment. , 10 Ways To Save On Homeonwers Insurance There may be circumstances where you may prefer to stay with a certain lender, , Debt Consolidation The Situation Which Demands An Unsecured Debt Consolidation Loan even if that lender , Subprime Mortgage Loans Which s Should You Avoid does not allow the funds , Guide To Bridging Loans to be used as down payment; for example, if the lender , Calling Chinas Taiwan Bluff offers the most attractive interest rate, , Cheap Personal Loans or lower fees than other lenders. , Mortgages 101 Buyers , The Securities And Exchange Commissionfriend Or Foe must balance the cash they have available for down payment , 5 Steps To Cheap Car Insurance Premiums against these other factors that may make the loan , Eliminate The Burden Of Debts With Bad Debt Consolidation less costly overall. Even if you do not use it as a down payment , Cheap Personal Loans though, there are many other practical uses for the Grant. The process of purchasing , Eliminate The Burden Of Debts With Bad Debt Consolidation a home , Stocks Wiggle They Bounce Fade Pop Shuck And Jive entails many expenses. , Take Your Dream Car Through Car Loans The Grant may be used to offset any of these expenses , Your Credit Card Payment Is Rising Warning Tips as the buyer , How To Secure The Best Mortgage Deal And Save Yourself Thousands In Interest sees fit. For example, you may use it to offset stamp duty or insurance, , Cash Rebate Credit Cards real estate , Hurricanes And Credit Issues agent fees or other mortgage-related costs, , Day Trading Psychology An Unspoken Rational Approach such as points or application fees. The Grant is administered by each state or territorial government. Most first-time buyers , Alternative Ways To Avoid Payday Loan will qualify for the grant; specific requirements are available online on the FHOG website (http://www.firsthome.gov.au/). Qualifications are very similar, regardless of your state. You must be a citizen or permanent resident of Australia, and you must be a natural person--in other words, not a corporation. Also, each applicant and applicant's spouse must not own, or have owned property , Buy Things Online With Credit Card in Australia in the past, even if it is property , What Is Debt And What Is A Debt Consolidation Loan that is held with another individual. None of the applicants may have received the Grant previously. The Grant is meant for owner-occupants. Applicants must be buying , Cancelling Pmi the property , Provident Loans From Shoes To Homedrawing Money For Everyreason for living in, and be prepared to occupy it within a year of purchase. , Stocks Wiggle They Bounce Fade Pop Shuck And Jive The Grant is not means-tested and is therefore available to all applicants regardless of income , Day Trading Psychology An Unspoken Rational Approach category. The grant is not taxable. In addition to the Grant, you may also be eligible for exemption from conveyance duty, depending on your state. Article Source: http://www.articledashboard.com
Tracey Anderson is a mortgage , Home Insurance Premium Protection In Case Mishap Takes A Rain Check broker specialising in helping Australian homebuyers find the right mortgage. , Buy Things Online With Credit Card For more information visit MortgageMall (www.mortgagemall.com.au). |
  
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