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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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 %

9. 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

10. 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

11. Phone: 1800 REDLOANS (1800 733 562) Mobile: 0401 331 861
Mark Greggs (Director)
 Phone:  1800 REDLOANS ( ) Mobile:
Website: 
Mark Greggs is a credit representative (Credit Representative Number ) of BLSSA Pty Ltd ACN (Australian Credit Licence No )