hi everyone
i'm planning to make an offer soon on a ppor.
i'm abit confused with how it all works.
with the FHOG, we'll have just enough for a 20% deposit and closing costs. when i submit the offer, do i offer $500/1000 , then pay the 20% deposit within 1-2 weeks? i'm not sure when do we receive the FHOG, is it after settlement?
or, do we offer 10% in 1-2 weeks, then another 10% on settlement with the mortgage? how is it normally done?
thanks in advance everyone for your advise....
i'm planning to make an offer soon on a ppor.
i'm abit confused with how it all works.
with the FHOG, we'll have just enough for a 20% deposit and closing costs. when i submit the offer, do i offer $500/1000 , then pay the 20% deposit within 1-2 weeks? i'm not sure when do we receive the FHOG, is it after settlement?
or, do we offer 10% in 1-2 weeks, then another 10% on settlement with the mortgage? how is it normally done?
thanks in advance everyone for your advise....