- v8ghiaMember@v8ghiaJoin Date: 2005Post Count: 871
Hi Linda. Just thought I would mention re the Rams "investor loan' you mentioned, there is currently a special offer on that one (till end of July at this point) where you can make additional repayments on loans approved before then – makes it a really competitive loan……. I would strongly suggest seeing a Rams branch direct over a broker – I realise everyone 'has a story to tell' but you have much more control dealing without 'the middleman' if you have access to a branch in your area, and often problems with lenders can be attributed to lack of communication, and people making claims or promises they cannot keep, or are not authorised to make.
All the best.mum2fiveMember@mum2fiveJoin Date: 2007Post Count: 69
Thanks, yeah he said when he got back that he could do extra payments, but doesn't matter since he can't get 100% for Narrabriv8ghiaMember@v8ghiaJoin Date: 2005Post Count: 871
A lot of people forget how postcode specific these 100% loans are. I was looking at an area the other day, and checked and the property was not eligible for 100% lend. These same arreas also usually are no go's for any Lo-Doc loans at all.
Rams have access to Three mortgage insurers, most other lenders the one or two, so if you can't get it there you won't get it anywhere. Out of interest, if you or anyone else wants to check the property location lending criteria guide from Genworth for example, you can find it here. http://www.genworth.com.au/locationGuide.htm# Click on the first hyper link and you can just enter in the state and postcode or location and voila!.
Sorry no joy with that one for you though Linda.