Alan Stott

Michael Saves $733/month by allowing me to restucture his debts into one simple monthly homeloan payment!

 

Michael was referred to me by his Financial Planner. We restructured his finance, minimised costs and saved him $733/month....thats $8,796 a year, every year!

Home loan defaults are climbing across the country, but there is a way to relieve mortgage stress. Refinancing your loan could save you thousands of dollars every year!

An increasing number of Australians are falling behind on mortgage payments. Fitch Ratings reveals a 30% increase in arrears during early 2011.

While homeowners received another rate reprieve from the Reserve Bank of Australia in December 2011 and another expected in February 2012, there is a way for borrowers to take matters into their own hands and significantly reduce their own mortgage stress.

The latest issue of Your Investment Property’s sister title, Your Money Magazine reveals refinancing your mortgage can save you thousands of dollars over the life of your loan - and there’s never been a better time to consider your options.

Over the last few months, lenders have been aggressively competing with each other in the home loan market in an effort to boost market share.

A Mortgage Industry spokesperson Kristy Sheppard noted, “There are some highly competitive deals on the table for new borrowers just as there are for those looking to refinance. Get out here and get amongst it if you’re looking to enter the market. Take a good look around.”

She adds, “Anyone who hasn’t at least explored their options could easily be giving themselves a raw deal by simply going with their everyday lender or ignoring the possibility of switching to a better suited or more affordable home loan.”

Is it for you?

Refinancing isn’t for every homeowner and there are a couple things you should look at before you consider what else is out there.

Step 1: Review your loan – check your rate, fees and other costs             

Step 2: Compare up-to-date information on what’s available in the market. Call us and we can provide you with suitable product options. When comparing loans, be sure to look beyond the rate. Other criteria that might be important to you:

• the comparison rate or AAPR
• loan flexibility
• loan support/service
• loan term
• Lenders Mortgage Insurance implications
• extra important features: offset account, redraw facility, professional packages 

If your review reveals there is a better deal for you, then it’s time to look at the numbers. The best way to break it down is to make these calculations:

1. How much interest will the new loan save?
2. How much it will cost to get out of your current mortgage?
3. How much it will cost to set up new mortgage?

We can calculate the savings for you and provide you with a cost estimate and the best product options to suit your current and future needs.

If the interest saved outweighs the costs to get out of your current mortgage and set up a new one, then refinancing could be the next best step. (Loan calculators and tools can be found here http://www.beatthebanks.com.au/calculators

Happy Clients...we saved their deposit put down on their investment property!

 

Change can be positive, but sometimes doesnt tick all the boxes for a bank. Within a week, we were able to access finance, and therefore Brians deposit of $67,000 was saved, as the investment property was able to settle with the borrowed funds.

Investors Happy with Multiple Property Finance Restructure and New Investment Purchase

Pierre and Suzanne were new clients to me before the GFC. I restructured their finance on three properties and got them pre-approved for a new investment purchase.

Pierre previously dealt directly with his bank, and was unaware of the money they were leaving on the table, paying higher interest rates than they should, no offset facilities utilised and all properties cross collateralised, rather than standing alone.

Here's what we did....all sorted and in shape for their next investment!

If you want to review your opportunity to access your equity and invest, please give me a call on 0400 649 700!

Michael saved himself $8,796 a year....every year, by restructuring his debt! Listen to how he did it!

"Michael will now have sufficient equity in 18 months, to purchase his first investment property"

CONGRATULATIONS BRENDAN!......WELCOME TO THE RAT RACE!

This TRUE STORY is unusual, in that Brendan is in the middle of Zambia handling logistics for his mining and resource employer. Brendan organised that his accountant (Domenic Papaluka of the Fabulous Stirling Accountants & Business Consultants) have Power Of Attourney over his affairs in his abscence.

Immediately before christmas, we were able to advise Brendan that his loan application was both approved and UNCONDITIONAL.

Naturally, Brendan was very happy to know that he is to be the owner of his FIRST HOME, and we also arranged for the BOOSTED FIRST HOME OWNERS GRANT OF $14,000!

Here's the breif paragraph he managed to get to us after the camps communications were destroyed by a lightning strike......

"Hehehe... Yup, finally got there eh... Dom can you just pass on my regards and appreciation to Alan despite my hissy-fit last week. Unfortunately our comms system got whacked by lightning on Sunday...so I'm a bit shy for email services just now.

Will get back to all soon and Merry Xmas to all.

... dem rats don't scare me...;-)

Brendan."

We can arrange finance wherever you are in the world!

 

 

LENDER CHARGED CLIENT $45,000 MONTH: THE WORRY PUT MARGARET IN HOSPITAL!

It's hard to believe, but it's true! 

Their lender incorrectly structured their two year development loan, and instead of the interest only repayments, Roy and Margaret were charged Principle and Interest repayments of.....Wait for it......$45,000 per month!!!!

The lender refused to restructure their loan, AND THE STRESS PUT MARGARET IN HOSPITAL!

HEAR WHAT MARGARET HAS TO SAY.......

 

                                       

LYALL & CAROL SAY "ALAN'S THE VERY BEST I'VE EVER DEALT WITH"

Lyall and Carol are long establised business owners, and respected figures in the business community.

 

Lyall and Carol recently approached me to arrange the best finance deal possible, and happily, I managed to get them a discounted professional package with only a $100 establishment fee.

After only six months, Lyall needed to top up his loan, which I arranged without any cost to Lyall and Carol - not even a new valuation fee!

I met my clients when they needed to see me and the new topped up loan was soon available.

Lyall wrote to me after the loan settled, telling me that my service was the best, and that meant something to me as Lyall put it in his letter, "I'm a hard grader". Lyall said that he would reccomend me and my service to anyone, so I asked him if he wouldn't mind telling you about his experience. I'm very happy to show you his endorsement

                                       

Michael & Taryn: Over the moon to build at last!

Here's a great story from a really great young couple who got turned down everywhere they went for finance.

Hear what they say about how I was able to help them using a regular conforming lender offering competetive interest rates!

This was a great win for us all. It's a good job I was successfull. It turns out Michael is a martial arts expert specialising in full contact kick boxing. He's inviting me to his next fight, and I'll be cheering him on with Taryn. Go Mike!!!

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Email from Theresa & Tony: "Thanks Alan, You're Our Saviour"!!!

Dear Alan,

I personally from the bottom of my heart like to thank you very much for what you did for not only me but my family last year.

Last year we found ourselves in a lot of financial turmoil, my children were in a situation were they were in grave danger and as a result I needed to go to court to try my hardest to protect them. This was not only emotionally draining but also financially, we had built up a substantial credit card debt (six cards) paying for legal fees to protect my children, a personal loan, a business loan and a car loan in addition to our mortgage. 

We had approached several banks (including our own bank) and credit unions to look at refinancing our home so that we could get ourselves out of debt and still have enough money left over to continue paying the lawyer. Unfortunately they all said that it was impossible as we had way to much debt and that it was not possible to redraw the amount of money we were needing to continue on with our fight. We were left with no choice but to reluctantly sell our house to access the equity we had in it to pay the continuing court battle, it was something we did not want to do, not after all the work and renovations we did to make it the wonderful home it is today.

As a last ditch attempt to save our home I rang Aussie Homeloans in the hope they could help and again I was told they were unable to help me. I then rang Aussie Mortgage Masters and was given Alan Stott's details. I rang him and explained the situation to him and after initially saying that he didn't think he could help had another look at the figures and suggested we meet. Upon first meeting Alan I found him to be a very experienced Mortgage Planner, he worked out a way we could refinance and draw out all the available equity from our property. He was truly wonderful (a savior in my eyes), he took the time to listen and he cared when no one else did. He just took the time to write everything down and worked it all out, not pre-judging the situation. Most importantly he genuinely believed in myself and my family and arranged a priority service for our loan assessment and loan processing.

Together we arranged a more competitive loan interest rate. The old loan with RAMS was at 8.14% (June 07) and the new loan was at 7.34%, a saving of 0.8% pa, saving us approx $109,200 over the life of the loan which for us was fantastic.

Throughout the loan process Alan kept in touch with us on an almost daily basis to let us know how the loan was progressing, right through to the settlement of the loan. The big one was the initial conditional approval, he also assisted in satisfying all the banks conditions of the loan resulting in a quick settlement. Alan went above the call of duty by personally chased up RAMS, requesting the RAMS BDM to speak with their own discharge department to assist in a speedy refinance.

In summary we are happy to say that thanks to Alan's belief in us (and the situation we were in) and his amazing expertise, we were fortunate to keep our house and have enough money left over to continue paying my lawyers. Unfortunately my legal battle still continues but thanks to Alan we now know how to manage the bills without EVER getting into the debt we were in. He is now working with us to show us how we can pay off our mortgage faster!

THANKS ALAN, YOUR OUR SAVIOR!!!

I am more than happy to talk to anyone who wants to hear my opinion of Alan and his loan arranging capability and experience. I can be contacted via Alan.

Forever thankful,

Theresa & Tony