1 subsidy -3 ways to use it
Cover the shortfall between your home loan amount and the purchase price.
Payment will be made into the transferring attorney's trust account when they are ready to lodge the transfer documents for your home loan.
This means you can apply for a smaller home loan, which makes your monthly repayments more affordable.
Cover the attorney fees related to your homeloan.
Payment is made directly into the trasferring attorneys'trust account
Reduce the balance of your home loan.
Payment is made directly into your home loan account upon registration of the bond, reducing the outstanding balance on your home loan so that you can repay it later.