Home Loan Options with Sovereign Home Loans
Whatever your home loans needs, we can help you achieve your dreams...
Get debt free faster
Unlike a standard home loan, a Go Home Loan can be your home loan and transaction account in one*. What's more, the convenience and flexibility of a Go Home Loan could help you pay off your loan much faster then you ever thought faster than you ever thought possible, saving thousands of dollars in interest along the way.
By paying your salary (and any other income) directly into your Go Floating Rate account you immediately low3er your account balance and the amount of interest you pay. You can then use the redraw** facility on your Go Floating Rate account to access funds as you need them to pay for everyday expenses, pay bills, or make major purchases.
What's more, if you use your credit card for all your everyday purchases, you can keep your Go Floating Rate account balance lower for even longer (although to maximise the benefit, you must always pay your credit card balance on the due date).
* To use your Go Home Loan as your transaction account you need to have at least part of your loan on a floating interest rate. ** You should note that redraw is not hte same as standard revolving credit loan, With a a Go Home Loan your borrowing limit reduces over time. This makes it much easier to control and if you don't redraw up to your borrowing limit, you will pay off your loan a lot sooner.
Refinance
High interest rates and increasing level of personal debt may create feelings of concern about how you plan for your future and minimise the amount of interest you pay on your loans.
Nowadays, it's not necessarily expensive to refinance your mortgage. Together we can come up with an option, which may help you achieve the following:
Equity Release - so you can borrow for future requirements
Consolidation of debt - restructure your loans so that you pay less interest.
Reposition for retirement - pay your loans off faster
The benefits to you could be:
Reduction in your monthly payments
Lower interest rates
Cash available when you need it
Reduction in the term of your loan
Self-employed no-financials
Sovereign can help you achieve your dream with the new Go Low-Doc Home Loan. Go Low-Doc home loans are a flexible financing solution for self-employed people who have income and assets, but may not have the usual paperwork like financial statements or tax returns ready at hand at the time of application. If you have been self-employed for a minimum of 2 years and have a good equity in your home, or a 20% deposit, our Go Low-Doc Home Loan may be ideal for your needs. Proof of income is not required; however, having a good credit history is essential.
