Mark Marino - Mortgage Broker Eastern Suburbs Sydney

Mobile: 0403 007 890 Phone: +61 2 9387 8311 Fax: +61 2 8915 1370
Business address: Suite 502, 3 Waverley St, Bondi Junction, NSW 2022
Trading entity: Mai Maru Pty Ltd
Foreign language/s: Maori, Cantonese, Mandarin
Contact: Mark Marino, mortgage broker

I have been involved in lending for the past 13 years, the last four as a mortgage specialist, prior to that I spent 9 years as a Senior Lending Manager with a major Australian bank. Being based in the eastern suburbs of Sydney I have been exposed to the enormous variety of lending needs ranging from the very simple to the complex which has given me an extensive knowledge in all forms of finance. In dealing with me you can be assured that I will make every effort to understand what your needs really are and to match that with the correct lender and product available.

Residential home loans

As a mortgage specialist we have over 800 loan products from approximately 30 different lenders to choose from, including major banks and other secure lenders. This leverage takes the leg work out of the borrower trying to search out the “best deal” for themselves and leaving it up to us, the professionals, to do the work for you.

Investment loans

Investing in property is becoming much more common among the Australian public and no longer just for the wealthy elite. It has been my experience to see people from all walks of life and varying backgrounds benefit from this simple strategy of investing in real estate. It’s not as difficult as many make it out to be and only a conversation away from being a reality.

First home owners

Given the rise in benefits to the first time buyer, many young couples are taking advantage of what the Government has on offer. The First Homer Owner Grant (FHOG) and Boost have enabled many borrowers to purchase their first home where once the banks may have frowned upon them. It is a definite advantage to have a broker who can confidently guide you through these processes and help you achieve that ultimate dream of home ownership.

Low deposit home loans

Although 100% home loans have been removed from the market thanks to current global financial conditions, borrowers are still able to access some low deposit home loan options. Popular with first home buyers in particular, low deposit home loans provide you with options to secure a property purchase with only a small deposit, as long as you have the capacity to service the home loan.

“Low Doc” & “No Doc” loans

Low doc and No doc loans have been tailored made for those self-employed purchasers who have not been able to finalise their financial details to satisfy the lender’s income requirements. Additionally there are those lenders who are prepared to take income declaration from PAYG applicants who have had irregular income due to maternity leave, overtime, commission or any other such bonus income. This is where proposed borrowers need to be made fully aware of the legal & financial consequences of such a loan. Given that there are so many different types of these loans, it can be very confusing and not something you would want to venture into without professional advice.

Commercial loans

Commercial loans come in all shapes and sizes and we have access to a diverse panel of commercial lenders who can cater to the smallest strata title unit to the largest residential or commercial development. Many commercial investors have established relationships with their banks but are finding that they are tightening their policies on commercial finance forcing many to look elsewhere.

Construction loans

Many lenders can now accommodate the “owner builder” and even provide Line of Credit funding for construction. Given the obligatory requirements of council approval and DA’s this can be a tricky field to manoeuvre through so make sure you get the best possible advice before you dive in.

Professional packages

Professional packages seem to be more common than years past and the most sought after product in my experience. In the banks’ frenzy to win business they are often willing to improve on their existing professional packages to secure the deal. Where once these benefits were “reserved” for special customers it is, now, more of a bargaining tool amongst the lenders to beat out the other banks. Who better to champion your cause than a broker with access to all the lenders?

Deposit bonds

Given the trend in the market for lesser deposits, many do not have the full 10% deposit to provide when exchanging contracts. The best solution for this is via an insured deposit bond which allows the purchaser to pay a one time premium to cover off on the required deposit. It is a simple process for which I have discretion to approve bonds up to $100,000. Often a handy advantage when racing to beat out that other buyer to exchange.

Credit impaired loans

There are a number of lenders who are prepared to take the risk on these deals. Loans exist that can assist those who have been told “No” from all the major lenders but feel they have been unfairly judged and can still support a loan. I can assist those who may fall under the following categories;

• Loan arrears
• Loan defaults
• Judgments
• Bad credit rating
• Bankrupts
• No financial documentation

 

For more information on home finance or to talk to Mark Marino

Contact Mark Marino, or call us any time on 13LOAN

• State: New South Wales, NSW
• Broker region: Eastern Suburbs
• Suburbs: Eastern Suburbs Sydney
• Mark Marino provides mortgage broking services in suburbs including but not limited to: Bondi Junction, Eastern Suburbs

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