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  1. grossreal

    Your opinion on "NEW" RAMS 90% no doc

    hi Kristine.. yes it does make things a bit clearer the only difference is that lmi is usually done thru a external insurer but the risk fee is paid to the lender so lmi on resi the insurer pays the lender if you default but risk fees is a fee that the lender is taking out themself and...
  2. grossreal

    Your opinion on "NEW" RAMS 90% no doc

    hi kristine so this product does not have lmi it has a risk fee. from my reading it was a lmi product and the lmi on the calculator in this post said that the max loan amount is 500k. I understand risk fees and they re very different. what is the risk fee fro this porduct. can you only get...
  3. grossreal

    Your opinion on "NEW" RAMS 90% no doc

    hi all can mortgage broker thats have rams on there books do this loan. from one of my attached brokers he says he can't it must go thru a shop front is this correct. also in the post it says that the loan is from 150k to 1mil but how does the lmi work if it doesn't not go over 500k. is this...
  4. grossreal

    Your opinion on "NEW" RAMS 90% no doc

    hi all got a couple of questions. 1. is this for resi only or can you do comm thru this loan.if the company is 2 years old with abn but has not traded. 2.same as above but with a unit trust attached. 3. The lmi on a 1 mil property purchase anyone like to have a stab at what the lmi cost...
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