PropertyInvesting.com | RaymondBDM | Activity https://www.propertyinvesting.com/members/raymondbdm/activity/ Activity feed for RaymondBDM. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b1079e806f16b932978ea309bcc22948 RaymondBDM replied to the topic Rams to drop fixed rates for 1st and 2nd year term in the forum Finance https://www.propertyinvesting.com/topic/4396063-rams-to-drop-fixed-rates-for-1st-and-2nd-year-term/#post-4603070 Wed, 29 Apr 2009 23:09:41 +0000 Rams Full Doc Rates:1 Year Fixed (p.a) 4.99%(-0.30%)2 Year Fixed (p.a) 5.29%(-0.20%)3 Year Fixed (p.a) 5.79%(+0.20%)4 Year Fixed (p.a) 6.29%(n/c)5 Year Fixed (p.a) 6.49%(+0.5010 Year Fixed (p.a) 7.09%(+0.90%)cheers

]]> 14c11f3c8f15f2dce3f7fdfcc7ca71cb RaymondBDM replied to the topic Rams to drop fixed rates for 1st and 2nd year term in the forum Finance https://www.propertyinvesting.com/topic/4396063-rams-to-drop-fixed-rates-for-1st-and-2nd-year-term/#post-4603068 Tue, 28 Apr 2009 23:01:49 +0000 Rams 1 & 2 yr fixed rates were reduced but 0.3 and 0.2% respectively, 3, 5 and 10 yr were increased by 0.2, 0.5, and 0.9 and no change to 4 yr.

]]> 29c9fcf6d8ae04bfba9356c1c40ff35e RaymondBDM replied to the topic Westpac withdraw 95% LVR in the forum over-reaction IMO Richard, https://www.propertyinvesting.com/topic/4396066-westpac-withdraw-95-lvr/#post-4603153 Thu, 23 Apr 2009 00:25:17 +0000 over-reaction IMO Richard, and Franchise is sure to follow in the next few weeksthis will effect a lot of people, from first home buyers to people working in creditwill be interesting to see the knock-on effect in the next couple years…

]]> cb577d06e468cff229f09a51bfebbbd8 RaymondBDM replied to the topic LMI calculation: for borrowing using existing equity in the forum Finance https://www.propertyinvesting.com/topic/4396001-lmi-calculation-for-borrowing-using-existing-equity/#post-4602439 Wed, 15 Apr 2009 23:22:08 +0000 95% is still around

]]> 1dd64f78f795087bfd09ad71db7b81e4 RaymondBDM replied to the topic Credit file issue in the forum Finance https://www.propertyinvesting.com/topic/4395900-credit-file-issue/#post-4601985 Tue, 07 Apr 2009 00:02:39 +0000 be honest…if you forgot to pay a telco bill or credit card then state that. telling a sob story won't get you that far…lenders will have heard it all….

]]> 9f61d18e4a1bfdd80074f18b2e4e5e37 RaymondBDM replied to the topic Credit file issue in the forum Finance https://www.propertyinvesting.com/topic/4395900-credit-file-issue/#post-4601979 Sun, 05 Apr 2009 00:40:33 +0000 The next bank will only see that you've applied for finance through ANZ, not the declinal. They will make their own decision.

]]> 024899d1dc9324d2a7ac08061576a823 RaymondBDM replied to the topic LVR Land only in the forum Finance https://www.propertyinvesting.com/topic/4395895-lvr-land-only/#post-4601958 Fri, 03 Apr 2009 23:46:12 +0000 ToWhomItMayInterestRams will do 95% plus lmi against vacant land, but you need 5% genuine savings…and yes you can construct laterlow doc 80%are you an offshore borrower?let me know if you want further info..CheersRay

]]> 7beaa1c6a51136c108916c208764aa30 RaymondBDM replied to the topic RAMS withdraw 100% loan product in the forum Finance https://www.propertyinvesting.com/topic/4395769-rams-withdraw-100-loan-product/#post-4601244 Fri, 27 Mar 2009 00:45:36 +0000 Sign of the times Richard

]]> 43fd9e9ddb819480f2cac28a35372298 RaymondBDM replied to the topic No Deposit Loan in the forum Finance https://www.propertyinvesting.com/topic/4395812-no-deposit-loan-2/#post-4601444 Thu, 26 Mar 2009 23:07:09 +0000 Richard, when is the cut off date for St George 100% loans?John, you can still go through Rams until 9th April for 100%/no deposit but it needs to be through the Franchise channel only. If you want further info send me an email as I know lots of good Franchises and if you get a pre-app before the 9th you will be ok….CheersRay

]]> 9435cd5816ea83fb662cc312ab7c30a9 RaymondBDM replied to the topic RAMS withdraw 100% loan product in the forum RAMS still offer the 100% no https://www.propertyinvesting.com/topic/4395769-rams-withdraw-100-loan-product/#post-4601241 Mon, 23 Mar 2009 23:12:11 +0000 RAMS still offer the 100% no deposit, just only through the Franchise channel. They have reduced to 95% max through the broker channel only at this stage. 100% is still available through RAMS…no use for you brokers out there thoughRay

]]> f99c820432d39cb38a1f731180ea0c42 RaymondBDM replied to the topic Refinance in the forum Finance https://www.propertyinvesting.com/topic/4395715-refinance/#post-4601022 Thu, 19 Mar 2009 05:23:08 +0000 Yes there is still bad stigma attached to the name and many people still associate it to the old Rams or RHG which is fair enough…pitty though as Westpac RAMS is completely different 

]]> 1178b3e545822a44418521f61d2c7e78 RaymondBDM replied to the topic Refinance in the forum Finance https://www.propertyinvesting.com/topic/4395715-refinance/#post-4601019 Wed, 18 Mar 2009 22:36:32 +0000 PosEnterprises wrote:
Yeh I to was with  RAMS until they rammed me to RHG – Now only 6 months before i refinance away from these creatures!I would not go to RAMS only to the big 4 alot more stable.

As stated above: RAMS fully owned by Westpac – Westpac funds are used – Even the Mortgage Docs Stipulate Westpac banking Corporation. How is RAMS…[Read more]

]]> 7e2dd5f42249ba334705df9909191171 RaymondBDM replied to the topic Home Loan Advice in the forum Finance https://www.propertyinvesting.com/topic/4395104-home-loan-advice/#post-4597638 Sat, 10 Jan 2009 23:35:34 +0000 Hi Craigpro's are that you can borrow often up to 105% of the purchase price, you avoid paying lmi as the overall lvr is 80% and no need to save for a deposit. a limited guarantee is taken over your family/parents home so they're only liable for that amount and can usually apply to have this released after a certain amount of time. if your parents…[Read more]

]]> 9ab6d982d85a894d35308854ff8b08ae RaymondBDM replied to the topic Loan Advice in the forum Finance https://www.propertyinvesting.com/topic/4395112-loan-advice-2/#post-4597684 Sat, 10 Jan 2009 23:23:51 +0000 Hi BoostAt 100% lvr, FHOG will cover the lmi and costs so you won't require any savings. Or you could consider 97% and capitalize lmi, and the grant will cover the 3% and costsLoan serviceability at $350k will not be an issue for you with your good income and minimal debtsas for lenders, Rams does 100% lvr at 5.69%. For rates with other lenders,…[Read more]

]]> 7e6fd1ca4f8ddba30684c96cffaef6e9 RaymondBDM replied to the topic quick query re loan mortgage insurance in the forum Finance https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/#post-4597524 Wed, 07 Jan 2009 23:58:08 +0000 at 80% lvr on a standard product you wouldn't pay LMI. From a lenders point of view at 80%, funds to complete can come from any source..savings, redraw on another loan etc..you may need to pay lmi with your current lender on the increase though depending on your exposure…

]]> 74b46b360a5f64a3c640109931f75cf8 RaymondBDM replied to the topic Next IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4395078-next-ip-2/#post-4597497 Wed, 07 Jan 2009 07:16:15 +0000 did i say ALL???no

]]> 56f05f9bfe30c3fc052750e0c42c17ec RaymondBDM replied to the topic Pre-Approved Finance & Cash Offers in the forum Finance https://www.propertyinvesting.com/topic/4395067-pre-approved-finance-cash-offers/#post-4597449 Wed, 07 Jan 2009 06:49:31 +0000 as Terry stated, pre-apps will always be subject to valuation, LMI acceptance (if required) and any other conditions the lender places on the application and requires before formal approval. A pre-app says you can afford 'x' loan amount based on info provided but does not guarantee you have finance until all conditions are met.

]]> cf046a375d8376387eb5bebaa12d6567 RaymondBDM replied to the topic Next IP in the forum eclhave also been looking at https://www.propertyinvesting.com/topic/4395078-next-ip-2/#post-4597495 Wed, 07 Jan 2009 06:44:21 +0000 eclhave also been looking at Sydney West…Rams will do 100% for investment purchase (or 97% plus LMi) if you have 20% equity in your existing property, otherwise can do 95%+ lmi.i think most lenders will look for the 20% equity in existing property for 100%.if you want to consider Rams let me knowcheers

]]> a8948fa8900daa18562aeeb37f3ddf8d RaymondBDM replied to the topic Lo Doc lenders? in the forum Finance https://www.propertyinvesting.com/topic/4395061-lo-doc-lenders/#post-4597407 Wed, 07 Jan 2009 06:30:02 +0000 Hi Wrap, those paid defaults would be acceptable under Rams policy at that LVR and loan amt. ABN 2 years and GST reg (earning > $75k)Let me know if you want ratesCheers

]]> a06badc9bd8f7ac5a2a6a87bed267088 RaymondBDM replied to the topic Lo Doc lenders? in the forum Finance https://www.propertyinvesting.com/topic/4395061-lo-doc-lenders/#post-4597403 Tue, 06 Jan 2009 03:19:26 +0000 Hi Wrap, yes there are lenders who will consider depending on size of defaults. Rams for one will consider, maybe some of the brokers on here can let you know other lenders. Let me know if you need help with RamsCheers

]]> 6109d4e466ccb36543953c25c54dcf48 RaymondBDM replied to the topic Borrowing Power - Company Vehicle in the forum AnthonyCompany car $5kif you https://www.propertyinvesting.com/topic/4395015-borrowing-power-company-vehicle/#post-4597158 Sun, 28 Dec 2008 22:57:52 +0000 AnthonyCompany car $5kif you want to know how much you can borrow you can email me…cheers

]]> 1359a00f9a028a48b80616cc54c56c01 RaymondBDM replied to the topic Calculating equity loan? in the forum Finance https://www.propertyinvesting.com/topic/4394937-calculating-equity-loan/#post-4596719 Tue, 16 Dec 2008 05:52:28 +0000 Qlds007Agree with what you say, it varies lender to lender we (Rams) are currently using 7.59% as assessment rate which is 1% over the cheapest variable rate product, and much lower for fixed rates…

]]> 4136f6ddafd75ec5a5b4736a5edff414 RaymondBDM replied to the topic Calculating equity loan? in the forum Finance https://www.propertyinvesting.com/topic/4394937-calculating-equity-loan/#post-4596717 Tue, 16 Dec 2008 04:43:55 +0000 Hi Dave/MrUniqueit's really not that confusing or difficult.the assessment rate is usually 1% above the standard variable to give the insitution more comforthappy to work it out for you if you want to email me, i have a calculator that one of the lenders useotherwise there are manual ways as Qlds007 mentioned above.cheers

]]> d3b553598939eea393065cf9875404c9 RaymondBDM replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/page/2/#post-4595452 Fri, 12 Dec 2008 05:46:08 +0000 PosEnterprises wrote:
What are the current rates for pro pack discounts anyway?  I am currently paying 7.79% for IP and waiting to hear about the discount which maybe .65% but not sure yet.

over $500k 6.19% currently for both full & low doc

]]> 581ad61ea5296c084c364606fc99f9f1 RaymondBDM replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/page/2/#post-4595451 Fri, 12 Dec 2008 05:40:56 +0000 PosEnterprises wrote:
No I will have to get the latest cuts from RHG and then run the figures again to see if it is worth it. Do i still get a rebate if i leave RHG and go to Westpac or RAMS?

Rams yes, Westpac no

]]> 37d7bcb7b7bb40dbfa9eadd49f7d743c RaymondBDM replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/page/2/#post-4595447 Fri, 12 Dec 2008 03:07:38 +0000 PosEnterprises wrote:
yes the rate goes down to 1.5% this year now.  I am not sure if i should sit out and wait until end of Sep 09 before i refinance again.  But hoping that i won't miss out on the lower fixed rates so i can fix for 5 years.

Poshave you run all the figures? that should give you your answer one way or the other…

]]> 4ceb163606a6119099d95c099640b334 RaymondBDM replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Ajax Rams still going strong https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/page/2/#post-4595446 Fri, 12 Dec 2008 03:01:50 +0000 AjaxRams still going strong with low doc and have no immediate plans to change policy. Actually policy has relaxed a little now not using GE for mortgage insurer.  So short-term anyway no changes I have heard. No restrictions on equity release either as long as stated purpose, whereas with GE as mortgage insurer it was very limited.GST…[Read more]

]]> 57d0166f346127eed795695649078f9b RaymondBDM replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum PosEnterprises wrote:What https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/page/2/#post-4595443 Thu, 11 Dec 2008 05:48:20 +0000 PosEnterprises wrote:
What rebate are they talkin about and how much  I am stuck until Sept 09 and got to pay about $12k all up if i leave.  hmmm what to do!

if your ERF's are around $12k, i'm thinking your loan amount is around $500k ish? Sept 09 does it revert to 1.5% or 1% for ERF's? you need to figure if it's worth waiting to pay lower E…[Read more]

]]> 3a86f934dc7aa30f56bde652699d1baf RaymondBDM replied to the topic whats the best net return you have got from a property recently in the forum Creative Investing https://www.propertyinvesting.com/topic/4394831-whats-the-best-net-return-you-have-got-from-a-property-recently/#post-4596132 Wed, 10 Dec 2008 07:10:49 +0000 Terry, where was this??

]]> ea1f320d05b07b9b617ca472c307253b RaymondBDM replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum mine were also 2% until July https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/page/2/#post-4595440 Tue, 09 Dec 2008 22:59:44 +0000 mine were also 2% until July 09 but just moved across, it made sense to switch to 5.69% instead of mid 7's. Lo Docs are max 80% at Rams now / 6.29% currently under s/e pro pack…let me know when you're moving across and can help you out…there is a rebate you can get also

]]> 7c0a9b969d99acf7928ed3cc4880a40b RaymondBDM replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/#post-4595438 Tue, 09 Dec 2008 22:21:10 +0000 lol AjaxI think Raymond has done pretty well out of the RHG mess as he's also been employed by Westpac. are you still with RHG or did you move accross?

]]> 5cfe0bd37c43e653a90c26501317a289 RaymondBDM replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/#post-4595436 Tue, 09 Dec 2008 09:48:00 +0000 doubtful this will eventuate to anything…

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