Products and Services


Refinancing/ Debt Consolidation 

Is your current home loan arrangement still meeting your needs?  We all know that our biggest commitment is generally the “mortgage”. But what is often overlooked is that over time, many things do change. I don’t only mean interest rates – we tend to keep an eye on this of course, but more importantly your current financial situation and your goals.  Now may be the time to ask yourself…  Should I be on a fixed interest rate or a variable rate?   Is my interest rate competitive?

Am I taking advantage of the equity I have in my home?   Do I have other borrowing needs?    Is there a better loan out there that can save me money?
Should I be consolidating my debts and pay less interest?   Am I able to redraw from my home loan without charge?   Can I pay my salary directly into my loan?

Let us do a free health check on your mortgage to show you how you can save time and money and achieve what you want for yourself and family.
 
First Home Buyers
You may be eligible for benefits under the First Home Owner Grant Scheme and/or the First Home Plus Scheme if you are buying or building your first home.
Both schemes are administered by the Office of State Revenue (OSR) to help first home buyers in NSW to purchase or build their first home.
Please visit www.firsthome.gov.au  for further details of the grant's conditions.  Southside Mortgages can assist you with both government programmes.
 
New Home Loans
Selling and buying is all about timing. Looking for a new home while in the process of selling your existing home makes sense, but it's important not to commit to a purchase until you have sold your current home.  Southside Mortgages can structure your new home loan to allow you to pay it off as quickly as possible, saving you time, money and years off an average mortgage.
 
Lo-Docs/ No-Docs
If you are self employed with regular income and assets, but are unable to provide the financial statements or tax returns usually required for a loan application, you may want to consider a low documentation (low doc) loan. When you apply for a low doc loan you are required to sign a declaration that states your annual income and ability to afford the loan, instead of providing tax returns with your application.  
 
Residential Investment
Property investment is a great way to start to build a secure future for your retirement.  Southside Mortgages can show you how to use your money to build wealth for the future.
 
Renovation & Construction
Renovating your home can possibly add greater value than the cost of selling and purchasing a new home.  Utilise the equity in your home and draw on the funds to renovate in one application or in stages.  Southside Mortgages can show you how you can use the savings in your home loan to pay for the renovations on your house.
 
Deposit Bonds
In Australia when a person or entity enters into a contract to purchase residential property, it is common practice for the purchaser to lodge a cash deposit of up to 10% of the purchase price with the vendor's solicitor as security for the purchaser's obligations. The deposit gives the vendor (the seller) a fund against which they can claim if you fail to complete the transaction.  A Deposit Bond is an instrument that, by agreement with the vendor, can replace the need for a cash deposit. It is a convenient way of purchasing a property without the need to arrange a large cash deposit or immediately cashing in or selling an investment that may mature at some point in the future. The Deposit Bond is issued by an insurer to the vendor for all or part of the deposit required.  In essence, a Deposit Bond enables the purchaser to defer until settlement of their 10% deposit.
 
Reverse Mortgages
Reverse Mortgages help retirees tap into the equity in their home to fund living expenses and a better lifestyle.  A lump sum can be taken or progress payments.  There is no need to make any repayments and you are able to live in your home until both borrowers die or decide to move homes.  The bank is repaid through the estate once the home is sold.  The interest is approximately 1 per cent higher than standard variable rates and you must be over 60 years of age to qualify. 


 
Apply Now

Enquire Online using our quick home loan enquiry form for your free, no obligation quote!
OR call Wendy Beverakis direct: 0412 056 537