Marino Fatovic in Sydney, Australia | Mortgage brokers

Marino Fatovic

Locality: Sydney, Australia

Phone: +61 403 405 851

Address: 24/52 Martin Place 2000 Sydney, NSW, Australia

Website: marino-fatovic-mortgage-broker.business.site/?utm_source=gmb&utm_medium=referral

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22.01.2022 LAND LOAN APPROVAL LOAN PURPOSE: Self employed customer was looking to purchase a block of land with no intention to build in the next 6-12 months. CLIENTS REQUIREMENTS:... 1. Finance approval with one of the major banks 2. Competitive interest rate 3. Lender that will accept one year financials for self employed applicants CLIENT RECEIVED: 1. Competitive interest rate - 2.44% 2. Loan through one of the major banks 3. Lender that accepted only year financials for the self employed applicant Majority of lenders will ask for a minimum of 2 years financials for the self employed customer and it's not unusual that previous year tax returns are higher then the most recent ones which would then lower total borrowing capacity. However, some banks do accept only year financials to be presented. If you are self employed and the financials do not show your true income OR you have only one year financials, please do not hesitate to contact me to check how much you could borrow for the purchase of your dream home. M: 0415 999 888 E: [email protected]

15.01.2022 REFINANCE FORMALLY APPROVED WITH PRE-APPROVAL FOR PURCHASE LOAN PURPOSE: Customer requested to refinance current owner occupied and investment loan along with getting a cash out of available equity in order purchase a new owner occupied property up to $1,100.000. CLIENTS REQUIREMENTS:... 1. Get a cash out up to $300,000 2. Decrease current owner occupied (2.79%) and investment (3.3%) interest rate 3. Get the bank to accept 100% of his overtime income in order to increase his borrowing capacity 4. Get a pre-approval for the purchase of the property up to $1,100.000 CLIENT RECEIVED: 1. Formal approval along with a pre-approval for the purchase 2. New investment fixed interest rate of 2.49% and 2.54% variable interest rate 3.No monthly, annual, establishment fee 4. Redraw facility available When relying on overtime income, majority of banks will ask request to check the consistency of overtime income over the last 2 years. If there is any difference each year with a total annual income, the lender will generally take either lower value or 70% to 80% of the overtime income. However, some banks do accept 100% overtime income which can be calculated and supported over the last 6 months. Find out more on: M: 0415 999 888 E: [email protected]

10.01.2022 INVESTMENT LOAN SETTLED LOAN PURPOSE: Self employed customer was looking to purchase an investment property after being denied twice. After looking at the low doc options where the bank would only require accountants declaration as a form of income, we found an option that would save him over $3,000 in annual repayments CLIENTS REQUIREMENTS:... 1. Finance approval 2. Competitive interest rate for an investment property 3.Lender that will look at one year financials CLIENT RECEIVED: 1. Finance approval from the major bank 2. Fixed interest rate of 2.44% 3. Lender that accepts only one year financials as suppose to requesting last two years. Majority of lenders will request last two years of personal and company tax returns + financials and will generally take either lesser year or average of the last two years as an income which could potentially lower maximum borrowing capacity due to incorrect figures used for servicing the loan. However, some banks will accept only one year financials with either accountants confirmation that the business is running well or last two business activity statements. If you are self employed and the financials do not show your true income, please do not hesitate to contact me to check how much you could borrow for the purchase of your dream home. M: 0415 999 888 E: [email protected]

08.01.2022 FIRST HOME BUYERS LOAN SETTLED WITH 15% DEPOSIT AND $1 LENDERS MORTGAGE INSURANCE FEE LOAN PURPOSE: Customer wanted to purchase a first property using 15% deposit and pay the lowest Lenders mortgage insurance fee while also receiving a low fixed and variable rate with LVR above 80%. Customer also wanted to get an offset account. CLIENTS REQUIREMENTS:... 1. Split the loan by getting fixed and variable interest rate 2. Pay the lowest Lenders mortgage insurance fee 3. Get an offset account and redraw facility CLIENT RECEIVED: 1. Loan settlement on time 2. 3 years fixed rate of 2.09% and 2.69% variable interest rate with an LVR above 80% 3. Literally $1 Lenders mortgage insurance fee 4. An offset account and redraw facility Depending on the loan amount, if the customer has less than 20% deposit, they are subject to pay Lenders mortgage insurance fee. Higher deposit amount is = lower the lenders mortgage insurance fee will be. If the purchase price is $650,000 and the customer has $97,500 which is 15% deposit, lenders mortgage insurance could be anywhere between $5,000 and $7,500. However, some banks currently offer a lenders mortgage insurance fee of only $1. If you happen to be in the similar situation or have any questions about how the lenders mortgage insurance, home loan process or anything else works, please do not hesitate to contact me! Find out more on: M: 0415 999 888 E: [email protected]

08.01.2022 NEW PURCHASE FORMALLY APPROVED IN 5 DAYS LOAN PURPOSE: Customer got a cash out by refinancing his current owner occupied and investment loan and wished to purchase a new owner occupied property while converting other two properties into an investment ones. CLIENTS REQUIREMENTS:... 1. Quick turnaround time 2. Get a competitive variable interest rate with no upfront nor annual/monthly fees 3. Get easy access to extra funds available from paying down his mortgage CLIENT RECEIVED: 1. Formal approval within 5 business days 2. Variable interest rate of 2.59% with no upfront, annual nor monthly fees 3. Redraw facility available to access extra funds paid into mortgage A redraw facility gives access to any extra repayments the customer makes while paying off their mortgage. The balance in a redraw facility consists of extra repayments made towards paying off a loan. One of the advantages of having a redraw facility is: - Flexibility - customer is able to redraw extra repayments on home loan at any time Savings on interest - loan balance drops lower as additional, higher, repayments are made towards paying down mortgage. As the loan balance drops, the interest charges drop as well Find out more on: M: 0415 999 888 E: [email protected]

07.01.2022 INVESTMENT LOAN REFINANCE SETTLED LOAN PURPOSE: Customer wanted to refinance his mortgage and get a cash out up to $200,000. Customer recently became one of the major shareholders in the business and the lenders would treat him as a self employed client. CLIENTS REQUIREMENTS:... 1. Finance approval 2. Lender that will take his current employment status 3. Offset account and competitive variable investment interest rate CLIENT RECEIVED: 1. Finance approval with the lender that would accept his current employment status which is being self employed for less than one year 2. Investment variable interest rate of 2.89% pa 3. An offset account and cash allowed without having to show the proof of what it will be used for The biggest challenge was to find the lender that will accept customers current employment status. As previously described, when the customer is (or is treated as) self employed - vast majority of lenders will ask for 2 years financials showing consistency of income with the current business along with a minimum of 2 years registered ABN while some lenders will require only one year financials. Giving the customers circumstances we were able to project his income for current financial year and the lender accepted to proceed by giving a customer a great outcome. If you find yourself in a similar situation, please do not hesitate to reach out and we can explore hundreds of different options for FREE! M: 0415 999 888 E: [email protected]

02.01.2022 UNCONDITIONAL APPROVAL IN 3 DAYS LOAN PURPOSE: Customer wanted to refinance current home loan and get a cash out of $80,000 for renovations. They also wanted a competitive variable interest rate with a reputable lender. CLIENTS REQUIREMENTS:... 1. Get a quick finance approval 2. Competitive variable interest rate 3. Reputable lender 4. Get a cash out without showing the proof what the funds will be used for CLIENT RECEIVED: 1. Unconditional approval within 3 business days 2. Competitive variable interest rate - 2.49% 3. No annual nor monthly fees 4. Reputable lender that doesn't require evidence as what the funds will be used for Feel free to contact me for a free consultation and check how much you could borrow in order to purchase your dream home or save on your mortgage repayments by refinancing your loan. Find out more on: M: 0415 999 888 E: [email protected]

02.01.2022 UNCONDITIONAL APPROVAL IN 5 DAYS WITH 5% DEPOSIT LOAN PURPOSE: Customer wanted to purchase a unit in high density area with 5% deposit. The goal was to find a lender that will allow 5% deposit loans for the security located in high density area with a competitive interest rates. CLIENTS REQUIREMENTS:... 1. Get a quick finance approval 2. Competitive interest rate 3. Reputable lender that will allow as low as 5% deposit CLIENT RECEIVED: 1. Fixed interest rate of 1.89% 2. Unconditional loan approval in 5 days 3. Loan with one of the major lenders 4. Lender that accepts 5% deposit loans for properties in high density areas A lot of lenders will have lending restrictions for the properties located in a certain postcode. Restrictions could apply due to size of the dwelling, location, distance from power lines etc. If the restrictions apply - the lender will increase the deposit requirement and generally require a minimum 20% deposit. Feel free to contact me for a free consultation and check how much you could borrow in order to purchase your dream home or save on your mortgage repayments by refinancing your loan. Find out more on: M: 0415 999 888 E: [email protected]