Silver,

The rulings on the FHOG are the same, this is because it is a federal initiative:

The Commonwealth has requested that the States and Territories assist first home buyers through the establishment of the First Home Owner Grant (FHOG)

Read my earlier posts in this thread – it answers your question… (oh I’ll say it once…[Read more]

Dev,

Can I ask which two banks said no? Because if they use the same mortgage insurer it would be no surpise they said no the second time.

And no I’m definately not sure they are humans in there… because banks don’t like to let us brokers talk to them directly[hmmm]… sometimes I think they have one of those monkey labs where they just press…[Read more]

Hi Devil,

My understanding was that if you had a registered ABN your credit file comes as two parts, one yours and one the business entity, perhaps because you were sole trader it comes under your name only. (Steven?) Maybe if you had/have an ABN those enquiries should be moved onto that business.

In general credit file enquiries are not too…[Read more]

I got some I think

12 – 3 blind mice – see how they run
14 – 15 players in a rugby team
17 – 11 players in a footbal (soccer) team
19 – 13 – unlucky for some
24 – 13 loaves in a bakers dozen
20 – 8 tentacles on an octupus

Liz

Mortgage Lender

Hi Rouquin,

Are you securing the funds with an AUS property or a NZ property?

If in AUS I’m sure there is a funder that can do it for you. Otherwise I can ask my broker contact in NZ if they do loans under $50K for you? They have a large panel so it might be worthwhile.

I’ll enquire today and get back to you, but please clarify my first…[Read more]

Yeah – Like I said, St George. Good to know I’ve got back up here [biggrin]

Liz Wilson

Mortgage Lender

Julie,

Yeah bugger – two more months and you would have been right!

I guess I would still be checking with OSR if I wasn’t sure.

Good luck with it all… and I will try to find a copy of that article, thus far alluding me…

Beuno Cera

Liz Wilson

Mortgage Lender

Hi Devil,

If you’ve had your credit card for over 6 months or a year there is a good chance they will up the limit very quickly. When I worked at CBA we could do it over the phone/counter as they now have a system that automatically pre-approves people. If you’re with them it may be worthwhile. Up it to $3K and find the other $800??

A personal…[Read more]

Damn Melbear – your a smarty pants! Yes it is mnemonics, my google corrected me! I should have told Jaffa but too much of a blonde, didn’t make the connection.

hee hee

you should be a spy melbear[suave]

Liz Wilson

Mortgage Lender

Originally posted by Henry:

are you saying that if you had an ip and never lived in any house that you owned you could claim fhog on a Ppor purchase.

Henry,

It all depends on when.

If you owned it (or any) BEFORE 1st July 2000 then NO

If you owned it AFTER 1st July 2000 then YES because you never lived in it.

If you dare ask me what happens…[Read more]

Originally posted by alpina:
if i put my name solely on the contract given that i have never owned a property i would be eligible for both the fhog and first home plus. the more i read this the more sense it makes.

Hi Julie,

I don’t think it matters if you put your name solely on the contract, as your spouse has still owned a property prior to…[Read more]

[lmao][lmao][lmao]

HA HA!

Liz Wilson

Mortgage Lender

Hey LifeX

You are Mr Cool [suave]

Glad it all worked out – thanks for the story [cap]

Liz Wilson

Mortgage Lender

Julie,

As long as you entered into the contract after April 4th 2004 you are eligible for the extended stamp duty concessions re: First Home Plus pay no stamp duty on purchases up to $500K.

Feel free to PM or email me if you need further clarification, it can be hard not to muddle them all up.

Liz Wilson

Mortgage Lender

Originally posted by alpina:
Liz,

im with you 100% in respect to the “owned and occupied” part but bear in mind this provision relates to the first home plus concessions which relates only to stamp duty concessions. the 7k on the other hand relates to FHOG which does not make the distinction from “owned” vs “owned and occupied”.

Julie,

You…[Read more]

SIS,

My answer to this one is YES eligible. The paragraph most clearly reflecting this is:

You and your spouse/de facto have not owned on/after 1 July 2000 a residential property and occupied that property jointly, separately or with some other person in any State or Territory of Australia.

So he should be OK to claim for the PPOR.

Liz…[Read more]

Hi Huey,

My two cents on the Canberra property market is that it has peaked like Sydney… I’d say it will slow as some areas of Sydney will.

I lived there during the boom and those that rode it came out well, it all seemed to happen around the same time as Sydney.

Good luck with it all…

Liz Wilson

Mortgage Lender

Hi Alpina,

My verdict is no not eligible.

Here is the paragraph which states why:

You and your spouse/de facto have not owned before 1 July 2000 a residential property, jointly, separately or with some other person, in any State or Territory of Australia.

But you have – am I correct? If it was purchased after 1 July 2000 you would be…[Read more]

Derek,

I agree, from a management background I have done a few courses on the ways different people learn. I’m a doer – I have to do it to learn, some people have to see someone else do it, and some have to read instructions carefully to understand, it’s interesting how different people are, and how much it helps to learn about how your collegues…[Read more]

LOTS of articles on mnemonics [specool]

http://www.mindtools.com/memory.html

Liz Wilson

Mortgage Lender