Damien December 3, 2008

Lisa could look at a basic variable somewhere between 6.06% and 6.21% depending on the Lender , more than likely with nil app fee. i’ll help her out.

Carl December 3, 2008

Good on Lisa for looking for the best variable rate, obviously she wishes to increase her overall cashflow.

I would suggest looking for a product which is not only competitively priced, with no ongoing fees and no extra charges for a fully featured loan, but also one that helps to take care of the cost of other ongoing expenses.

M Plus provides a solution that addresses both of these points - a low interest rate (which is usually lower then the big 4), no ongoing fees and a choice of benefits from their patentend benefits program. Lisa can choose either a subsidy of up to 100% on private health cover through Medibank, or an ongoing discount of 25c per litre on BP fuel.

Not only would Lisa save money on a competitively priced loan, but could also save an additional $100 per month her fuel bill, or possibly reduce her health cover premiums to $0, depending on Lisa’s circumstances.

If this idea sounds unique, that’s because it is. As far as we know, M Plus is the only company in the world offering borrowers this sort of opportunity to save money and maintain their quality of life.

I would be happy to go through the details if Lisa would like to contact us - full details are available on http://www.m-plus.com.au.

Sylvie December 3, 2008

There are a lot of cheap competitive rates in the market place and if Lisa only wants the cheapest variable rate then that is easy to find.
As I am Financial Advisor as well as a Finance Broker, it would be prudent to understand all of Lisa’s needs in order to choose the correct loan.
Either way I know I could help Lisa and she is welcome to contact me on 0892454455

Mark December 3, 2008

Lisa,

Apart from rate is there anything else with your current home loan or Financier that you are not satisified with and are looking to change. Is interest Rate your only motivation for refinancing?

Jacquie December 3, 2008

I would like to offer assistance to explore Lisa’s options with her, based on her “particular” circumstances which aren’t disclosed. ie income, credit history, dependants etc. What state is she in, as that will determine which broker can assist her?
I’m a Licenced Broker in WA and have been broking for 8yrs and I don’t charge a fee for service.
She’s welcome to call me on 0411 391 492 for further info.

Blake December 3, 2008

Lisa,

I am based on the North Shore. I am happy to come and meet with you to discuss your options if you are near.

Regards,

Blake Buchanan

John December 3, 2008

Lisa would be best to talk with a mortgage broker who would take into account ALL of her financial options and situation. Brokers, on the whole, have access to all products and interest rates. The main difference is whether the broker cares about the customer or his own immediate income.
Lisa, check out my web site at http://www.accordmb.com.au and if you feel we can work together, contact me directly. Good luck. John

Dom December 3, 2008

We have a Mortgage Brokerage based in the Eastern Hills area of Perth.If Lisa is in our area I am sure that we can assist with a product to suit her requirements.

Kevin Mortimer December 3, 2008

Lisa,

It is an opportune time to be checking to see if your loan is suitable to what you need. There are several things to look at when refinancing not the least being the cost of going from one Lender to another. When you are searching for someone to help make sure they have the relevant experience to take into account all these considerations. If you need someone with whom to discuss these considerations I can be contacted on 0423731297.

Kind regards,

Kevin.

Wes Smith December 3, 2008

Hi Lisa,

I would also need obtain a lot more information about your actual situation before a list of options could be suggested.

Selecting a loan with the lowest interest rate is not always the most economical option.

Contact me through http://www.abilityfinance.com.au or 02 80024035

Kathryn Whitney December 3, 2008

Hi Lisa

If you are looking for great rates and a product to suit your needs I would be happy to meet with you to discuss our products. Mortgage House offers one of the best rates in Australia with absolutely no ongoing fees.

I can assist in finding the product to suit you and your current situation. AND I will come to you at a time convenient to you.

We are also offering a $1000.00 Cashback for any new loans submitted and approved prior to Christmas .

If you are interested in catching up please contact me and I will be happy to meet,you the sooner the better.

Best regards

Kathryn Whitney
0414 575 261
kathrynw@mortgagehouse.com.au

My Contact details are Kkathryn Whitney

Ian Jervis December 3, 2008

Lisa, There are a lot of Mortgage Brokers around the country who would be more than qualified to offer a solution once they know your situation. I suggest finding a couple of brokers in your local area and discuss your needs with each one. You can then make a selection based on the information your receive. I am based in Wollongong and should you live in this general area would be happy to assist. My contact number is 0413076436

Ian Franklin December 3, 2008

Lisa,

While people have many reasons for refinancing each plays an important part in the decision making process. For your loan amount of $320,000 an your interest in variable rates, you may consider either a professional package product or a basic variable rate.

No matter what your circumstances my first concern is that your next loan provides you with a better situation than your current one. When I look at lenders and their products, I look at product price, and service.

So if you need my assistance please feel free to contact to discuss your situation in confidence.

Ian Franklin
mob. 0431 235333

Barry (Redcliffe Home Loans) December 3, 2008

By now it should be obvious that a broker needs more information to help any one properly. A list of interest rate comparisons (and freebies) is one of the last steps in selection. Different lenders not only have different conditions to be met but different features which may help or hinder your effort to save or make money. I know there are 6 billion people out there but so far no two I,ve met have been the same,so you have made a good move to seek a broker to tailor a solution for you.With rates so low and possibly going lower an option may be to pay interest only and invest the difference at higher rates. Can the loan be converted to a business loan and effectively discount the interest rate by a further 30% or more? More information needed. Sylvie would be a good first call especially if her charges were calculated as a mortgage broker because the charge to you by most good brokers is zero.

Paul Channell December 3, 2008

Hi Lisa;

I would be more than happy to try and assist you with your enquiry.

I have extensive Lending Experience (in excess of 25 years) and provide a personal, ongoing, and comprehensive service. I would require a lot more information so that I can provide the best solution suited to your individual circumstances. Interest rates are imporetant, however so are Comparison Rates, fee structures and loan features and flexibility. I look forward to your contact via Email (paul@peelfinancebrokers.com.au) or Website (www.peelfinancebrokers.com.au)

Regards;

Paul Channell.

Tony Harris December 3, 2008

Lisa
Just call me
02 99664300 reverse the charges
it won’t cost a cent to have a chat
I look forward to hearing from you

Glen Spratt December 3, 2008

Dear Lisa

Why not look at http://www.ziggybid.com.au here you can enter your details in a few minutes and then sit back and let lots of mortgage brokers research what’s right for you and compete for your loan.

Good luck

Glen

Richard Marryatt December 3, 2008

Lisa, There are a number of options available to you but I would need to find out more about what you are looking to achieve before making any suggestions. With rate reductions taking place at the moment a discounted variable rate appears to be the right option. There are other factors to take into consideration. I operate South of Brisbane city and would be happy to take this further if you care to contact me. Best wishes.

Christine December 4, 2008

I currently have a mortgage with Citibank Australia and I am concerned as to what may happen if Citigroup goes down the same drain as Fannie May. I have been advised to refinance however I am not sure that I can. My concern is I commenced operating a professional business six months ago and have been using the redraw facility to support the business and my living expenses. My mortgage is $160,000.00 and I have $100,000.00 in redraw still available. My business is growing and starting to break even with expenses however I am placing all income from the business back into the business. I do not have an income as yet. What can I do? Do I need to wait until the business grows and I have an income before I can refinance? I do receive money from boarders which covers the mortgage payments.

John December 4, 2008

Hello Christine,
Obviously I do not have a crystal ball but I feel confident that your fears are unfounded. It may also cost you a lot of Defered Establishment Fees if you refinace too early.

Citibank recently ceased to accept new commercial and personal loan application so they could consentrate on new mortgage business which accounts for 85% of their mortgage business. See below. If I can be of any assistance please visit me at http://www.accordmb.com.au and we can discuss options if necessary.

RE: ANNOUNCEMENT

Across Asia Pacific and in Australia we are reorganising Citi to make us a more efficient organisation so we can continue to grow.

This focus on improving efficiency and productivity has become essential given the challenges of the current economic and financial environment. It has meant re-looking at our business with a new lens and making decisions to invest in core businesses and products where we have the greatest potential for growth while reducing our activity in some others.

As a result, and after an extensive review, we have decided to cease new-to-bank activity in two products. From November 30, 2008 we will suspend new-to-bank commercial mortgages while continuing to manage and maintain existing commercial mortgage customer relationships. It is most important to note that this change does not impact our new-to-bank consumer mortgages portfolio – which constitutes approximately 85% of Citibank Australia’s mortgage business, a business we wish to significantly grow.

At the same time we will cease new-to-bank unsecured personal installment loans. We will manage and maintain existing accounts and continue to offer unsecured personal installment loans to existing Citi customers. We consider this decision to be a pause, rather than a completed cessation of operations in this space and we may look to develop and invest in these businesses in the future when we’re able to direct the resources they deserve.

Citibank remains focused on being the lender of choice for Mortgage Brokers and I want to assure you these changes have not been taken lightly; they follow a comprehensive review of prevailing market conditions, direct broker feedback, opportunities for future growth and providing the best-in-class service to our customers and accredited mortgage brokers, the most critical aspect of a broker/lender relationship.

I’d like to thank you for your understanding and continued support as we build a better proposition for our broking partners.

Regards,

Peter Hayward
Head of Distribution & Marketing
Citi

Cory Brewer December 4, 2008

Hello Lisa, As you can see it is beneficial to use the services of a Mortgage Broker. Most will offer their services free of charge and can meet you at a time and place convenient to you. It is after this appointment you can then make an informed decision.

Red Archer Finance is based in Adelaide. Feel free to contact me at redarcherfinance@internode.on.net

Have a Merry Christmas and all the best for the New Year.

Cory Brewer - Red Archer Finance

Concerned Broker December 6, 2008

Give me a break Spratt. You had a good business as a mortgage manager and you blew it as you didn’t look after your good staff. Your arrogance has been your downfall. Trying new toys to make a buck! You’re lucky you received a payout to leave Wizard otherwise you would be driving a cab in the streets of Wagga Wagga.