Hi can any brokers here tell me if after the 3rd year the early repayment fee is 1.5% of the total borrowings is it the same for the fourth year onwards if you want to refinance?
Hi Vic
Have a look on your original letter of offer from RAMS / RHS and it will outline the DEF or break costs.
Richard Taylor | Australia's leading private lender
these fees were constantly changing and varied depending on the product. Look at your loan documents or give them a call and they should be able to tell you over the phone.
1.5% is painful isn't it!
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
All okay after 3rd yr no % exit fee just normal discharge fees phew…….!!!!
good to see Rates coming down now and RHG and RAMS will be losing a lot of customers after they exit out especially me ….
good to see Rates coming down now and RHG and RAMS will be losing a lot of customers after they exit out especially me ….You must be logged in to reply to this topic. If you don't have an account, you can register here.
