Your Questions About First Home Buyer Grant
Chris asks…
Wondering if anyone know about the first home buyer grant?
Our circumstances is this…we have a son and having another one and were both on centrelink.. my partner is a student. We live in gold coast and planning to buy a house in goldcoast.. my mum is willing to be our guarantor and shes got a saving and a house under her name. Its our first time but were wondering on our circumstances if we can apply for a first home buyer grant.
phil answers:
Don’t see why not.The first home buyer grant doesn’t stipulate you have to be working or married
Sandy asks…
Eligibility for first home buyer grant?
Can someone tell me about the first home buyer grant announced by Kevin Rudd (Australia). I am first home buyer and planning to build my house. I have got my final approval from bank. Am still waiting for the titles to be released for the land. So as off date no settlement is done and haven’t received any money from bank nor government for first home buyer grant. Now with the new first home buyer grant announced will i get $21000 or $7000 (as lodged before)?
phil answers:
As a first home buyer planning to build, you will either get $21,000 (under the new grant) or $14,000 (under the old grant) as you’re building. You would get $7,000 under the old grant and $14,000 under the new grant if you were purchasing an existing dwelling. It does however depend on when you signed your contract. If you have approval from the bank, yet have not signed, I’d say you will be eligible for the new grant, but I would double check as to the exact date the new grant comes into effect, you wouldn’t want to miss out by a day or two.
You do not automatically receive the first home buyer grant if you are a first home buyer, you must lodge an application and will then be assessed (the assessment is pretty much just making sure this is your first home, you should be right.)
Carol asks…
Where can i apply for grant to buy home for first time buyer?
Where can i go and apply for first home buyer grant. Do they have grants for first time home buyer? And how much will you be approved for. Example so to say your pretty much broke with bad credit.
im not broke im just putting myself to the lowest situation that u can possibly be approved for to have an idea advantage in what I can work with
phil answers:
No such thing as a grant for that there is an $8000 first time homebuyers credit from teh Govt – you have to close on the house by Nov 30, 2009.
You still have to have very good credit, and enough income to afford the mortgage and you will need 10-20% of eth house price for down payment and closing costs.
There is no guarantee you will be approved for anything – if you qualify, you better start the process if you want to close by the end of November-in can take several months to find the right house, agree to a sales price, get a mortgage, inspections, appraisals, title search, schedule closing, etc
Charles asks…
If i receive an educational grant will that affect me in receiving a first home buyer grant in the future?
I’m thinking about applying for a grant for school. I have heard that if I receive a student grant I will not be eligible for a first home buyer grant from the government. Any truth to that? Thanks in advance.
phil answers:
The two grants probably would not impact one another. However, I would still check with your State housing program to see if you can apply for a first home buyer grant and if applying for the school grant would cause any issues.
Good luck!
Linda asks…
Where do i go to apply for the federal first home buyer grant?
I want to buy a home and this will be my first home
phil answers:
There is no such thing
Powered by Yahoo! Answers
|
No related posts.
Tags: First Home Buyer, First Home Buyer Grant, First Home Buyers, First Home Buyers Grant, First Home Owner, home buyer, home buyer grant, home buyer planning, time home buyer, time homebuyers credit, your questions about first home buyer grant