First Home Owners
In Australia the Federal Government provides funds to help anyone wanting to build or buy their first home. The funds available are administered by the respective state governments.
There are strict rules about who is eligible to receive this grant and as rules tend to change as time goes by, you are strongly advised to check the current conditions. One way of course is to contact Brokers Ink whose experts know not only all there is to know about the First Home Owners Grant but also how it can be incorporated in your loan application to make up your complete financial loan.
Some of the basic requirements for eligibility include being at least 18 years of age, an Australian citizen, not having applied for this grant before and be buying or building a home worth less than $750,000.
There are conditions both before and after you take possession of the property. You must move in within 12 months and live there for at least 6 months. Mind you, despite all the above restrictions there are exceptions to most of these rules. But if all this seems confusing, it won’t be if you contact Brokers Ink where all the latest rules and conditions can be clearly explained to you by their experts.
A formal application is required to receive the grant and specific documents must be part of your application. Things like the building contract, a title search, proof of your identity and certified proof of the value of the completed property are all required. These documents have to be witnessed by a Justice of the Peace or other approved person. And if all this sounds like a lot of work and the cause of much worry, relax, because the experts at Brokers Ink are used to all the paperwork and regulations and can assist you every step of the way.
Let the experts show you how
Remember the First Home Owners Grant can be a significant boost to your deposit and reduce the overall amount of money you will need to borrow. The grant plus the loan arranged by Brokers Ink will mean you can be in your new home sooner than you think.
In most cases your application will be approved or rejected within two weeks of making your submission. If your application is rejected, you are able to make an appeal and seek to have the rejection overturned.
Brokers Ink experts are up to date with all the latest rules and requirements for the First Home Owners Grant. Contact them for any advice you may need and allow them to help you obtain your total loan package to get your first home using the first home owner scheme.
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