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Viewing 13 posts - 1 through 13 (of 13 total)

PASSNBY
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@passnby
Join Date: 2007
Post Count: 20
December 4, 2008 - 10:28 am
So can you get a offset account on a fixed loan? and with RHG?
PASSNBY
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@passnby
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Post Count: 20
December 4, 2008 - 8:33 am
AHA! offset, thats the one! we are very good on spending within our budget (g/f is 100% spot on with bills etc etc) Now, is it the more savings I have the less I pay ? my loan is $224,000 and about $5000 savings, so does that mean im only paying intrest on $219,000? This loan is my house, not a IP, so therefor I should pay Intrest and Principle and not just intrest?
PASSNBY
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@passnby
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Post Count: 20
December 4, 2008 - 7:18 am
wow, so your saying there not taking on any new customers? so how do they stay afloat then?
PASSNBY
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@passnby
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Post Count: 20
December 4, 2008 - 7:05 am
RHG just told me its going to cost me $10K to unfix my load and its onlu $220,000. There assholes and no one should go with them, my cousin works for ACA, I feel like taking this further, but….who knows.
PASSNBY
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@passnby
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Post Count: 20
September 3, 2007 - 7:32 am
I say that RAMS just went into the Stock Market at the wrong time thats all, there comeing back up now along with alot of other companys. I might go with them as there the only ones they will accept me anyway with my credit rateing.
PASSNBY
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@passnby
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Post Count: 20
September 2, 2007 - 11:28 am
v8ghia wrote:
don't need a branch to walk into, and don't plan on reselling the property anytime soon – maybe they are just what you need. On the other hand, why would you use a broker to get a rams laon if there is a rams branch near you somewhere? BEtter to deal with the source unless you are isolated somewhere or have other reasons. My opoinion only of course – if you know the Aussie guy, or already have established a good relationshiop with them, by all means, I retract my comment. Hey all the best.
Hmm you raise some very good points. I dont really need a bank that I can just walk into, but in saying that, sooner or later there are going to be times when I need to speak to somone face to face, rather than sending doc's backwards and forwards. I think I need to find out where there is a RAMS near me, because im in the middle of nowhere.
The more you guys talk to me the more Im seeing that maybe rams isnt the way to go about this, I suppose I was just thrilled that a bank took me on with my defaults.
PS: Whats LVR?
PASSNBY
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@passnby
Join Date: 2007
Post Count: 20
August 16, 2007 - 7:14 am
TheBish wrote:
Don't sign up with RAMS!!!
Yeah, but why?
PASSNBY
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@passnby
Join Date: 2007
Post Count: 20
July 13, 2007 - 10:55 am
Its a brand new home, its nothing special, 24sq house on a 812sq block of land. This is why I need the cash flow,need to fill the land up! if im only going into dept another $300 or so with rams but saving about $200 per month isnt it worth it for now? or am I wrong?
PASSNBY
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@passnby
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Post Count: 20
July 12, 2007 - 10:48 am
Widebay @ 8.25%
car loan as a secured or unsecured loan.<– what does that mean dude?
PASSNBY
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@passnby
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Post Count: 20
July 12, 2007 - 10:46 am
Re-sealing costs nothing, I work for Reece Plumbing and belive me, you dont need to know any trade at all to do that. How new do the spindles look? take off the cover for the tap handles (just un screw with your hand) and take a look at them and find out brand they are, we will be able to tell you if you need new ones or not, but there only like $10 or so.
PASSNBY
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@passnby
Join Date: 2007
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July 10, 2007 - 11:28 am
Kinda is about relieving cash flow, we really want our backyard done and its about a 1/4 of the way there. Also we need to put the finishing touches on the inside of the house to.
Also, Dave take alook at my last post dude just above your one.
v8ghia: I loooove BA's dude, if I had the cash I would love to have a Black XR8 Ute, at the moment I have a Hilux 4×4, pretty good ute and fun in the mud as well
PASSNBY
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@passnby
Join Date: 2007
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July 10, 2007 - 8:10 am
OOOOOOOOOk……it seems as though my g/f had it wrong from the start here, our payout figure with our bank is $225,000 witch is what we are going to refinance with RAMS, our repayments will come down by $205 a month with them, from 7.75% down to 7.40%. So now im thinking it sounds like a good deal. Had me wondering all this time because a $15K pullout fee seemed abit high for me to belive.
The bank that we are with now said that to fix our rate again with them in October it will cost us $300 and also add another $8 a fortnight onto our repayments and then another $10 a month for a management fee. So all up we will be saving about $221 per month with rams.
Explain this guys beause I dont understand it…
The annual percentage rate is the Rams Standard Variable Loan (November 2005) rate less 0.77 per annum. As the disclosure date the rams Standard Variable Home Loan (November 2005) rate is 8.17% per annum. Accordingly, as at the disclosure date, the annual percentage rate is 7.40%.
What does this mean?
PASSNBY
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@passnby
Join Date: 2007
Post Count: 20
July 9, 2007 - 12:05 pm
Hmmm, thanks guys, it has opened my eyes up alot more and I have convinced my g/f that putting the car loan onto the house isnt a great idea. What we will do is use that equity next year to build a large pergola and big shed as this will only add value to the my land, or get a IP. (ive read all of steves books and been a member here for 4 years but I still dont know enough but im learning)
As for renting it out, I wouldnt do that as I built alot of this home and im not ready for it to be misstreated in any way at all, kinda more sentimental value than money value at the moment.
Anyway, we are not going through with the Rams refinance and we are not putting the car loan on our house loan anymore, thanks heaps guys for your input, its been a huge help for me and my relationship as well heh.
PS: v8ghia, what type of ghia do you own? I want to get a black XE ESP 351 and just let it sit in my shed (when its built) with raceing/sport memorabilia all around it, its a 3 car shed so it should look cool.