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  • Profile photo of Miss CuriosityMiss Curiosity
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    @miss-curiosity
    Join Date: 2004
    Post Count: 4
    June 18, 2004 - 4:01 pm

    [black]I had no idea that it had changed! Great! My broker had told me that about a year ago when i got my construction loan. My house is just about finsihed, hand over is next week…so that now means i must live in it for a min of 6mths! Thanks so much for your advise…i probably would never have known otherwise! That kinda puts all my plans out of wack now…..

    Profile photo of Miss CuriosityMiss Curiosity
    Member
    @miss-curiosity
    Join Date: 2004
    Post Count: 4
    June 17, 2004 - 4:43 pm

    There are 1yr interest only in advance products that you can get that people are doing before 30th of June. The product is generally fixed for that year as well but all interest is paid upfront until the following year, no interest is payable. This is also being used as a tax strategy too for investment properties. However, to re-finance and settle in less than 15 days….could be impossible!

    Profile photo of Miss CuriosityMiss Curiosity
    Member
    @miss-curiosity
    Join Date: 2004
    Post Count: 4
    June 17, 2004 - 4:10 pm

    Umm….i thought that there is no time frame on how long you have to live it a home when FHOG is concerned. i.e. even if its for a day. The Government has made no reference to the time span. Well thats what my mortgage broker told me?

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