Comments on: Who can help Lisa? http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/ The first word in mortgage news Thu, 18 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.5.1 By: The top 5 articles of 2008 - as discussed by you | Lending Central | Your Mortgage News http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1850 The top 5 articles of 2008 - as discussed by you | Lending Central | Your Mortgage News Tue, 13 Jan 2009 00:11:54 +0000 http://www.lendingcentral.com/?p=1820#comment-1850 [...] Who can help Lisa? Our number 3 spot for last year is filled with the rallying of our brokers and lenders all trying to help out a reader by the name of Lisa.  It’s certainly great to see the amount of people able to help out and while we haven’t heard anything back from Lisa, we certainly hope that someone was able to help her! Click here to read it [...] [...] Who can help Lisa? Our number 3 spot for last year is filled with the rallying of our brokers and lenders all trying to help out a reader by the name of Lisa.  It’s certainly great to see the amount of people able to help out and while we haven’t heard anything back from Lisa, we certainly hope that someone was able to help her! Click here to read it [...]

]]> By: Concerned Broker http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1266 Concerned Broker Sat, 06 Dec 2008 02:38:22 +0000 http://www.lendingcentral.com/?p=1820#comment-1266 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. 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.

]]> By: Cory Brewer http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1246 Cory Brewer Thu, 04 Dec 2008 02:58:48 +0000 http://www.lendingcentral.com/?p=1820#comment-1246 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 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

]]> By: John http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1245 John Thu, 04 Dec 2008 02:51:23 +0000 http://www.lendingcentral.com/?p=1820#comment-1245 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 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 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

]]> By: Christine http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1244 Christine Thu, 04 Dec 2008 02:37:18 +0000 http://www.lendingcentral.com/?p=1820#comment-1244 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. 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.

]]> By: Richard Marryatt http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1234 Richard Marryatt Wed, 03 Dec 2008 06:43:28 +0000 http://www.lendingcentral.com/?p=1820#comment-1234 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. 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.

]]> By: Glen Spratt http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1233 Glen Spratt Wed, 03 Dec 2008 03:21:52 +0000 http://www.lendingcentral.com/?p=1820#comment-1233 Dear Lisa Why not look at 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 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

]]> By: Tony Harris http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1231 Tony Harris Wed, 03 Dec 2008 03:04:03 +0000 http://www.lendingcentral.com/?p=1820#comment-1231 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 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

]]> By: Paul Channell http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1230 Paul Channell Wed, 03 Dec 2008 02:53:48 +0000 http://www.lendingcentral.com/?p=1820#comment-1230 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. 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.

]]> By: Barry (Redcliffe Home Loans) http://www.lendingcentral.com/2008/12/03/who-can-help-lisa/#comment-1228 Barry (Redcliffe Home Loans) Wed, 03 Dec 2008 02:53:27 +0000 http://www.lendingcentral.com/?p=1820#comment-1228 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. 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.

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