Australian sub prime mortgage market.

FCA/AFR member?

 

SpongeBob does not have a suit .... and there is a Santa you Gring !!

 

Urrgghhh!! Please put the suit BACK ON!!

FCA member I think.

 

There won't be if I don't get my Ferrari back for Xmas.


















2009.

 

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?

 

just no pride.
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fixed

 

Cute walrus imitation!
Coo cootcha coo

 

another 1% off, more to go

 

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

 

well as prices drop and rates drop , property does look good from a yield point.

 

go get 2% on your money and kick back.

 

at some stage people will dive back into shares/property.
2% that good.
I'm getting 16/18% on 2nd mortgages.

 

You forget, I'm permanently kicked back!

 

Which one of the major 4 banks is in trouble?

 

Awesome!!

You're telling the story!

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??

 

give me a ring ,

 

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.

 

I think the Reserve Bank is in trouble. It's a mud bath out there!

 

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?

 

want to come on Sunday with Amanda and I,on the Pursang rally?

 

Hi mate, I'll give you a call tomorrow.

Cheers

 

I've done or my company has done 1,000s of loans ,not one fixed rate loan.
But hey what would I know.

 

going in the Spur.
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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.

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.

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.