PMG Loan

Viewing 5 posts - 1 through 5 (of 5 total)

Reginald
Member
@reginald
Join Date: 2010
Post Count: 14
November 23, 2010 - 8:18 am
Hi,
Recently, one direct decides to waive the exit fee and I am thinking about switching to PMG loan. Its current CBR is 6.74%. After the calculation, it will save me $62 per month.
However, PMG doesn't waive its exit fee $1400 within 5 years.
Also, PMG seems one person company not like other online lender with big bank or insurance company.
I just wonder is anybody with PMG, any pro, con and feedback?
Thanks a lot,
Reginald
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
November 23, 2010 - 11:05 am
Think about the future – what happens if you want to access equity?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Reginald
Member
@reginald
Join Date: 2010
Post Count: 14
November 23, 2010 - 12:18 pm
I understand the impact of exit fee may eat out all saving.
What I really want to know is : is someone with PMG loan satisfy with its customer service? And is any issue with their loan repayment calculation? It worries me when someone told me non bank lender usually miscalculate your mortgage repayment. Or their online website is not use-friendly and so on.
I will highly appreciate if someone with PMG shares his experience.
Thanks,
Reginald
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
November 23, 2010 - 1:07 pm
Reginald, i hate to say as a minor lender probably not going to find too many clients use them for their funding.
In saying that probably the CEO of PMG will probably join tonight and tell me what a good outfit they are.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
November 23, 2010 - 8:06 pm
Qlds007 wrote:
Reginald, i hate to say as a minor lender probably not going to find too many clients use them for their funding.
In saying that probably the CEO of PMG will probably join tonight and tell me what a good outfit they are.
Cheers
Yours in Finance
But he wouldn't do so under his own name…….
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au