Agree around who calls the shots, it's just the client concerned volunteered to be a test case so i would have thought they would be less likely to just take some cash and run.
Greater good and all that.
Guess we'll never actually know.
RAMS loans transferred into RHG - is it legal?
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Agree around who calls the shots, it's just the client concerned volunteered to be a test case so i would have thought they would be less likely to just take some cash and run.
Greater good and all that.
Guess we'll never actually know.
I am with RHG as will, it was pretty tough last year with the rises. I spoke with RHG just after the last cut and they advised me they were dropping rates by 1%. My new rate is 5.99%, I have the smartway propack I think ( full doc), so it is not all bad.
I tried to refinance with RAMS late last year without any luck - not enough equity in my property so I am stuck with them for RHG sometime. Definitely wouldn't have gone with them in the beginning if I knew what was going to happen, but they have cut their rates so it is not all bad
Pleased to hear it. Welcome to the forum, Joshua.
We jumped ship from RHG and McBank to RAMS when rates were being silly, now paying 5.29% and 5.49% as at FEB 9th on low-docs, we just squeeezed in on the 85% lend when it was available
Other loans are full-doc with WBC pro-pack (0.7% discount), haven't checked of late as have been away...are current rates around 5.9% then pro-pack discount?
Other loans are full-doc with WBC pro-pack (0.7% discount), haven't checked of late as have been away...are current rates around 5.9% then pro-pack discount?
JO, I just checked my RHG cut.....they passed on 80 bp's. My NO Doc 80's are now 7.68%.
Interesting. My product seems to be the most vulnerable then. I had an 85% Lo Doc. Interesting that they can drop rates 1% on FUll Docs down to 0.6% on Lo Docs.
It must be that I had an 85% lend.
regards JO
Hiya
Perception of the risk of the business causes that sort of differential pricing. Some would argue its a gouge, an 85 er lo doc isnt going to be able to exit as easily as as full doc 80 % borrower.
But consider this , if you are going to finance a lender like RAMS and you have a choice as to how to price risk ......................fully verified at 80 % vs Quite a loose Lo doc at 85 % what would we do ???
ta
rolf
Perception of the risk of the business causes that sort of differential pricing. Some would argue its a gouge, an 85 er lo doc isnt going to be able to exit as easily as as full doc 80 % borrower.
But consider this , if you are going to finance a lender like RAMS and you have a choice as to how to price risk ......................fully verified at 80 % vs Quite a loose Lo doc at 85 % what would we do ???
ta
rolf
Yeah mine got to mid 10's. well done!
"RHG Limited (previously known as RAMS Home Loans Group Limited) wishes to announce a
consolidated half yearly net profit for the half year ended 31st December 2008 (after provision for
tax) of $69.2 million.
This result is within the profit range notified to the ASX on Thursday, February 5, 2009."
consolidated half yearly net profit for the half year ended 31st December 2008 (after provision for
tax) of $69.2 million.
This result is within the profit range notified to the ASX on Thursday, February 5, 2009."
