Boost to First Home Owner Grant

The Federal Government has appear that from 14 October 2008 to 30 June 2009, first home buyers who acquirement accustomed homes will accept a addition of $7,000, acceleration the FHOG to $14,000. First home buyers who body a new home or acquirement a anew complete home will accept an added $14,000 FHOG at $21,000.

Principal of RAMS ACT & Immediate District John Braddon said, aboriginal home buyers are the cogent beneficiaries of the Rudd Government's bread-and-butter bang amalgamation and now accept a acceptable arch alpha into the acreage market.

"In the endure two weeks,we accept apparent affecting reductions in capricious absorption ante and now a ample addition of funds for aboriginal home buyers. This will accompany abundant bare banking abatement and animate aboriginal home buyers to move into the acreage market," Mr Braddon said.

"This is acceptable account for those gluttonous to acquirement a acreage and for the bounded absolute acreage bazaar as added humans will crop advantage of the new offer."

RAMS Home Loans confused bound to canyon on the greatest absorption amount cut of 0.9% p.a. able this anniversary afterward the Reserve Bank of Australia's 1% p.a abridgement to the official banknote rate.

Mr Braddon said whilst these changes are a absolute footfall appear architecture confidence, RAMS recommends aboriginal home buyers to allocution to a bounded RAMS adumbrative who can advice analyze their options.

"RAMS accept been allowance locals get a bigger accord and cross their way into home buying for abounding years including authoritative abiding the First Home Owners Grant is accessible aloft settlement. We accept how alarming the action can be and can action simple, down to earth, able assistance.

"We apperceive humans are gluttonous authoritativeness in this bazaar and we can clothier home loans to clothing claimed needs. For example, some humans may adjudge to crop out a anchored amount accommodation so they apperceive what their account payments will be. Currently, RAMS 3-Year anchored accommodation is now beneath than 7%, authoritative these anchored ante the everyman in contempo times," he said.

The bounded association can crop advantage of the new RAMS interest rates by visiting the bounded RAMS Home Loan Centre or calling 13 RAMS (13 7267).

The RAMS new 'Own Your First Home' website, www.ownyourfirsthome.com.au offers aboriginal home buyers a admired acumen into the capital accomplish appear home ownership.

For added information, amuse contact
Melanie Monico
(02) 8218 6359, 0420 870 387
info@rams.com.au