Redlands Mortgages Pty Ltd Where Mortgages Are Just The Beginning Mark Greggs is a credit representative (Credit Representative Number 479393) of BLSSA Pty Ltd (Australian Credit Licence No. 391237)

Awards, Accreditations & Memberships Plan Australia Business of the year 2016 (Qld Mortgage Broker Group - FCFG) First Choice Finance Group Business of the Year 2016 Residential / Commercial Mortgages, Asset Finance, Vehicle Loans Plan Australia Accredited Broker FBAA Accredited Broker Redlands Chamber of Commerce First Choice Finance Group Business of the year 2016

Who are we? Mark Greggs GWCPN / CPPM / Diploma Finance & Mortgage Broking Mark is not only a formally qualified mortgage broker but also a fully qualified Project Manager with both George Washington University and the Australian institute of Project Management, in addition Mark is a formally qualified EASA licenced aircraft engineer. He started his career with the Royal Air Force as an aircraft technician serving for over 10 years around the world in both peace keeping and conflict roles. Joanne Greggs Cert IV Finance & Mtg Broking / Medical Practice Mgr. Joanne has a wealth of experience in the property market after working in conveyancing for almost 20 years. She also has a vast range of experience as an office manager within the medical sector looking after the client’s requirements and subsequent finance & project related tasks. Georgia & Lewis Greggs Money Spenders with unlimited requirements

What does Redlands Mortgages offer to their clients The Four Pillars of Service Mortgage Lending from a panel of 30+ lenders Ongoing support 7 days a week for all clients Educational / Peer support from our networks to include accountants, financial planners, lawyers etc. Mortgage structure for accelerated debt reduction

Mortgages Tips For Clients Deposits Minimum 20% deposit removes all LMI requirements Genuine savings means minimum of 3 months in the bank and showing continuous deposits into an account Gifts (A lump sum from family) is acceptable Must be supported by a stat dec from person gifting stating it does not have to be paid back Max lend is 95% inclusive of LMI We do have one lender with an exception that will go higher for PAYG with no issues

Standard Employment Requirements Must be Permanent Residents / Australian Citizens and reside in Australia PAYG Completion of 6 months in current position, OR At least 12 months continuous employment within the same industry Self Employed Minimum of 2 years tax returns, financial statements and tax assessment notices One lender will accept 1 year subject to circumstances Lenders take either the average of last 2 years tax returns for income or sometime the current year Where income in the latest financial year has increased by more than 20% compared to the previous year explanation required to support the application Some government payments are accepted such as family tax A & B and disability pensions This varies with each lender and assessed on a case by case basis

Overseas Income Most lenders will not accept this at the moment The few that will accept is on a case by case basis This includes income paid by an employer and salary/wage drawn from the customers own business. Must be Permanent Residents / Australian Citizens and reside in Australia Usually a max of 80% of the overseas income will be allowed for servicing of a loan

Average Rates @ 27 November 2016 Residential for owner occupied from approx. 3.79% to mid 4% range on average depending on situation The higher the risk the higher the rates e.g. Over 80% lend, construction involved etc. Residential for Investment Properties from approx. 4% to high 4% range on average depending on situation Fixed rates 1 year from approx. 3.74% 2 year from approx. 3.65% 3 year from approx. 3.64% 4 year from approx. 3.80% 5 year from approx. 3.80 %

Loan Structures 100% offset with multiple splits This is one of the best options if you want to work on reducing amount of interest being paid and loan term Line of Credit Good for having available funds for investments etc but easy to spend if not good with money Variable Rate & Fixed Rate Variable good if low chance of rate rises and most popular setup Fixed Rate Good if you want guaranteed payments but comes with break fee penalties if you want to move away from the loan / lender Principle & Interest (P&I) & Interest Only (I/O) P&I structure to paydown your loan I/O to pay just the interest on the loan, good for investment strategies Construction A home loan with building conditions may allow you to draw funds from the loan progressively as the invoices come in

Borrowing Power The biggest question we get is how much can I borrow Its not a simple question anymore due to the amount of constraints applied by ASIC & APRA to all the lenders Borrowing power is based on a large amount of scenarios / situations for each client Single / Married Kids Current loans you have Deposit amount Credit card limits Credit history PAYG v Self Employed Other financial commitments This really is a case by case analysis to see what you can borrow but as a very generalised guide it would be in the region of 4 to 5 times total family income

Phone: 1800 REDLOANS (1800 733 562) Mobile: 0401 331 861 www.redlandsmortgages.com.au admin@redlandsmortgages.com.au Mark Greggs (Director)  Phone:  1800 REDLOANS (1800 733 562) Mobile: 0401 331 861 Email: admin@redlandsmortgages.com.au Website: www.redlandsmortgages.com.au Mark Greggs is a credit representative (Credit Representative Number 479393) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence No. 391237)