What you can borrow and what you can afford to repay are two key questions. Southside Mortgages helps you work out your borrowing power and shows you what the financial commitment of a mortgage looks like.

Your deposit (or contribution) to the purchase price of your property helps determine the kind of loan you are eligible for. By saving regularly, it demonstrates – alongside rental payments – a strong financial history of how you can maintain your home loan repayments. The larger your deposit, the better you may be able to negotiate a better interest rate.

This insures lenders against a ‘risk’ using a loan to value ratio of the amount you wish to borrow in relation to the value of the property. We can help you work out if you will need to pay mortgage insurance.

As well as the First Home Owners Grant, many states offer additional incentives for first home buyers such as stamp duty concessions. We can help you access any grants you are eligible for.