Hey guys,
Just getting ready to organise financing for construction as drawings and slab design are getting sorted. We want to use the FHOG for buying post construction things however we may need to purchase some of them during construction If we apply through our bank (Westpac) and we are entitled to receive it after the 1st progress payment, will they pay it to us directly (our nominated location) or will they only use it to reduce the loan amount. Do we have a say, I know most banks will be different? We are interested to know any Westpac customers experiences out there.
Cheers,
Bailey.