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Australian sub prime mortgage market.

Discussion in 'Australia' started by Arvin Grajau, Aug 11, 2007.

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  1. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
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    #2326 Arvin Grajau, Nov 30, 2008
    FCA/AFR member?
     
  2. moretti

    moretti Five Time F1 World Champ
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    Nov 1, 2003
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    #2327 moretti, Nov 30, 2008
    SpongeBob does not have a suit .... and there is a Santa you Gring !!
     
  3. PAP 348

    PAP 348 Ten Time F1 World Champ
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    Dec 10, 2005
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    #2328 PAP 348, Nov 30, 2008
    Urrgghhh!! Please put the suit BACK ON!! :D:D


    FCA member I think. ;);)
     
  4. b27

    b27 F1 World Champ

    Oct 11, 2007
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    #2329 b27, Nov 30, 2008
    There won't be if I don't get my Ferrari back for Xmas.


















    2009. :D
     
  5. Modeler

    Modeler F1 Veteran

    May 19, 2008
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    a.n.other
    #2330 Modeler, Nov 30, 2008
    Strewth, did that chick get the far end of the line when everything was being passed out!

    What could conceivably induce anyone to go out in public looking like that?
     
  6. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2331 Arvin Grajau, Nov 30, 2008
    Last edited by a moderator: Sep 7, 2017
    just no pride.
    Image Unavailable, Please Login
     
  7. Aircon

    Aircon Ten Time F1 World Champ
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    Jun 23, 2003
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    #2332 Aircon, Nov 30, 2008
    fixed
     
  8. Modeler

    Modeler F1 Veteran

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    a.n.other
    #2333 Modeler, Nov 30, 2008
    Cute walrus imitation!
    Coo cootcha coo
     
  9. scud

    scud F1 World Champ

    Oct 2, 2004
    11,803
    #2334 scud, Dec 1, 2008
    another 1% off, more to go
     
  10. kerrari

    kerrari Two Time F1 World Champ

    Oct 22, 2004
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    #2335 kerrari, Dec 1, 2008

    My original comments apply tp property just about the same way...
     
  11. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2336 Arvin Grajau, Dec 1, 2008
    well as prices drop and rates drop , property does look good from a yield point.
     
  12. scud

    scud F1 World Champ

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    #2337 scud, Dec 2, 2008
    go get 2% on your money and kick back.
     
  13. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2338 Arvin Grajau, Dec 2, 2008
    at some stage people will dive back into shares/property.
    2% that good.
    I'm getting 16/18% on 2nd mortgages.
     
  14. kerrari

    kerrari Two Time F1 World Champ

    Oct 22, 2004
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    #2339 kerrari, Dec 2, 2008
    You forget, I'm permanently kicked back!
     
  15. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2340 Arvin Grajau, Dec 4, 2008
    Which one of the major 4 banks is in trouble?
     
  16. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #2341 PAP 348, Dec 4, 2008
    Awesome!! :):)

    You're telling the story! :D:D

    Who do you reccommend I should refinace with RB?? My bank is slack and is holding me back. I need more money, which of the "big 4" should I deal with?? :):)
     
  17. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2342 Arvin Grajau, Dec 4, 2008
    give me a ring ,
     
  18. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #2343 PAP 348, Dec 4, 2008
    Ok mate, off to work now. Ill call you later on if I am not busy, if not........ill call you tomorrow when I get home. :):)

    Cheers brother. :D
     
  19. RMV

    RMV F1 Veteran

    Apr 11, 2002
    7,372
    #2344 RMV, Dec 4, 2008
    I think the Reserve Bank is in trouble. It's a mud bath out there! :)
     
  20. 360C

    360C F1 World Champ
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    #2345 360C, Dec 4, 2008
    Don't tell me you are on fixed rate facilities? Current affair ran a story on people whining about the break costs to refinance to variable rates now that rates are falling. Why the hell did they go for fixed rates at the peak of the cycle?
     
  21. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2346 Arvin Grajau, Dec 4, 2008
    want to come on Sunday with Amanda and I,on the Pursang rally?
     
  22. RMV

    RMV F1 Veteran

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    #2347 RMV, Dec 4, 2008
    Hi mate, I'll give you a call tomorrow.

    Cheers
     
  23. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2348 Arvin Grajau, Dec 4, 2008
    I've done or my company has done 1,000s of loans ,not one fixed rate loan.
    But hey what would I know.
     
  24. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
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    #2349 Arvin Grajau, Dec 4, 2008
    Last edited by a moderator: Sep 7, 2017
  25. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #2350 PAP 348, Dec 4, 2008
    No no mate. Well, yes. I am actually. Investments locked in for 9 more months at 7.19 and my house here is line of credit variable rate. :):)

    Refinanced with Brokers in Brisbane early last year to get my 2nd investment property. 3 months ago, financed back to the bank I started with, Queensland Country Credit Union. :D:D

    Brokers had variable 9.79% rate, my bank was/is now 7.19%. But I had to lock that in for 12 months, then it goes variable. Just what they do they told me. :rolleyes::rolleyes:

    Interest rate doesnt bother me, the fact that they only borrow up to 65% is what does.

    I am saving an extra $700 month now I financed back from 9.79% to 7.19%. Want more money, but they only lend to 65%. I am 70% with A LOT of equity up my sleeve. Want to borrow more, they wont let me. :(:(

    Got another pay rise coming in Jan and another big EBA payrise next September.
     
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