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So for risk analysis - what are the chances of RAMS upping this rate by say 1% in one go?
Just wondering if RBA + 1% is probable?
RAMS' 90% Lo doc product is the one that distinguishes it from other lenders. All their other products are either inferior or the same as mainstream other lenders. If they increased their rate from 8.5% to 9.5% they are going to risk losing a lot of customers, potential and existing. Their exit fee is 1% for 2 years, I think.
There is a possibility that they will increase their rate by 1% but highly unlikely.
Hiya
Depends
On the 90 Lo doc with client paid lmi
I have been quoting 8.70 for 90 % LVRs at 500 or more, and 8.80 for loans between 250 k and 500 k.
On the 80 % lo doc client paid lmi, above 500 k the rate appears to be 8.50
ta
rolf
RHG is a completely separate company to RAMS and although variations are still managed by the previous credit services I have been told that while assessing applications for new loans there is no access to previous records.