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Hi Nicko There has been plenty of press, news releases, and direct correspondence explaining what was happening sent to all previous RAMS borrowers You may even find a letter or two was sent to you! You can 'read all about it' on the www.rhgl.com.au website through the Shareholders...

Sorry Dan You had me worried there What 4 year term for Early Repament Fees? I have checked all my RHG material and can find no reference to 4 years ERF. RGH had about 100 loan products and some have no ERF at all, some have ERF for the life of the loan and the more modern loans have...

Hi Welcome I think this discussion regarding trusts - albeit interesting - may be sidetracking the thread. It is also not productive to be discussing matters of lending principle / individual circumstance, no matter which lender, as the casual reader may think 'oh, that's allright, then, I...

Hi Welcome Many trusts are badly set up. The reason that adult beneficiaries must be actively involved in the application (whether full doc or low doc) is so that the beneficiary is clearly indicating that they are aware that the assets of the trust are being mortgaged. Doh! I hear you...

Mcgrillius What State is the security in? Your tag simply says 'Oz' which doesn't give much of a clue. And I don't get anywhere near $6,000 - so is this a Full Doc loan or a Low Doc loan, and is there any other security involved ie have you recently insured another deal with the same...

So, Welcome Ring me! I will work it all out for you and see what else you can do as well. Sometimes the 90% is the most appropriate choice, but sometimes the 85% Option is a better bet. Cheers Kristine

Hi ffc1883_1996 Low doc applications are for those people who don't have, or who choose not to present, their financial statements. Many people are very coy about telling other people all their personal financial details. They don't know if they can trust the broker / bank / barber with...

lukentel, read this regarding the funding of RAMS up until 4th January, 2008. :http://www.rhgl.com.au/files/Shareholder%20Centre/ASX%20Notices/RAMS%20Funding%20and%20Annual%20General%20Meeting.pdf In as far as current funding is concerned, the credit provider is Westpac. The 'someone'...

Hi grossreal Well said! I appreciate the distinction you are making. As you know, a lot of the non-conforming lenders do charge a risk fee in the manner you are describing - a charge or levy to cover themselves, but due to the types of risk they may be prepared to take on eg multiple credit...

Hi JB Well, I'm sitting here in my KMart slippers, but I work the LRF out at less than $8,000 including GST and NSW Stamp Duty on the insurance premium. $800,000 loan against $1,050,000 security = 76.19%LVR So the full LRF could be capitalised to the loan. Cheers Kristine

Hi grossreal The link to the LMI calculator posted by ianinvestor has nothing whatsoever to do with RAMS Please do not confuse a gadget or generic calculator with lending policy or with how an actual mortgage insurer would assess risk. The term 'Lender's Risk Fee' was adopted by lenders...

Hi grossreal I'm not sure I understand your question. The SE Pro Pack is an exception to the general RAMS lending policy in that the Lender's Risk Fee is charged in the usual way and can be capitalised to the loan provided that the total LVR does not exceed 90% I am not sure where you...

G'Day A number of the major lenders thought there was a marketing opportunity last year to offer to subsidise the Early Repayment Fee if an RHG customer wanted to refinance away from RGH. With the new RAMS, Westpac has offered to assist with ERF but it is on a case by case basis. For...

www.rams.com.au OK Our amazing Operations Manager has now advised that the website has been updated www.rams.com.au and the SE Pro Pack 90%LVR is at http://www.rams.com.au/default.asp?page=/our+home+loans/pro+packs/rams+self+employed+(se)+pro+pack By the way, existing RHG customers can...

G'Day Well, frankly, I'm gob smacked at the scurrilous innuendo written in this thread. It’s easy to write absolute drivel when you are hiding behind a nom de plume. Nth Brisbanite has asked for a serious response to his questions and some posters have written a Kim Philby novel...