conversely, it is easy for the likes of RHG to pick on its customers for the very same reasons...
Angry RHG customers
- Thread starter manderson
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conversely, it is easy for the likes of RHG to pick on its customers for the very same reasons...
Anyone wanting further insight into the stability offered by current warehouse facilities should read the chairman's report and the review of operations in the Annual Report 2008 which came out 13/10/08.
Hiya AP
I have no alliance with RHG, and they represent a weasly part of my loan book.............which is just as well !
The show could just as easily have targetted Mac Bank whose def establishment fees and overall " cost recovery" make RHG look like a relative bargain.
Their swipe at the Dragon with the no deposit loan break cost is also interesting. The bank has given a borrower money with some extra risk in the deal..............so they do deserve their money ?
People usually enter these contracts willingly, BUT in my experience with both eyes well shut. Im the first to have a go at the way some lenders "hid" their defs ( RHG was one of those) where unless you looked very hard, you couldnt find them
The truth is that most lenders variable rate defs are below $ 1000, and until about 3 year ago, many lenders didnt have one.
Brokers are very much in favour of lower deferred establishment fees since it provides more competition, and thus potential brokers business, but there must also be a reasonable balance of cost recovery to the lender.
ta
rolf
I have no alliance with RHG, and they represent a weasly part of my loan book.............which is just as well !
The show could just as easily have targetted Mac Bank whose def establishment fees and overall " cost recovery" make RHG look like a relative bargain.
Their swipe at the Dragon with the no deposit loan break cost is also interesting. The bank has given a borrower money with some extra risk in the deal..............so they do deserve their money ?
People usually enter these contracts willingly, BUT in my experience with both eyes well shut. Im the first to have a go at the way some lenders "hid" their defs ( RHG was one of those) where unless you looked very hard, you couldnt find them
The truth is that most lenders variable rate defs are below $ 1000, and until about 3 year ago, many lenders didnt have one.
Brokers are very much in favour of lower deferred establishment fees since it provides more competition, and thus potential brokers business, but there must also be a reasonable balance of cost recovery to the lender.
ta
rolf
Awww, poor RHG
Says who? Not RHG
Poor RHG
I wish they'd at least give me a kiss or buy me dinner before making me touch my toes and smile
Says who? Not RHG
Poor RHG
I wish they'd at least give me a kiss or buy me dinner before making me touch my toes and smile
Hiya
As far as I am aware, those products are available only to existing RHG mortgagors.
If they werent, there would be a more significant challenge to existing mortgagors since they would be hit with those nice break costs.
At least in this stucture there is reasonable argument for a client to not have to exit the mortgage.
PS Im not a big fan of the 2 % +_ exit costs that old Rams had .................I doubt anyone is
ta
rolf
As far as I am aware, those products are available only to existing RHG mortgagors.
If they werent, there would be a more significant challenge to existing mortgagors since they would be hit with those nice break costs.
At least in this stucture there is reasonable argument for a client to not have to exit the mortgage.
PS Im not a big fan of the 2 % +_ exit costs that old Rams had .................I doubt anyone is
ta
rolf
Who signed the dotted line? Im sure they werent holding a gun to your head to do so.
You are exactly where you are today as a direct result of your past actions. Either put up with it or deal with it and move on.
What a load of BS
How can you possibly say that?
I signed on the dotted line with RAMS, not RHG
The rules with RAMS are different
The fees with RAMS are different by a lot
The Interest rates are different by a lot.
If RAMS had not sold the loan to these RHG sharks I would have no reason to leave, everything would be fine, I would be happy.
I am dealing with it by paying out the loan, but dont for a second try and make out that I am responsible for the deal with RHG and I should be happy about it.
Hey Manderson, have another read of Kristine's post. You DID sign with RHG - before they changed their name from RAMS.
What a load of BS
How can you possibly say that?
I signed on the dotted line with RAMS, not RHG
The rules with RAMS are different
The fees with RAMS are different by a lot
The Interest rates are different by a lot.
If RAMS had not sold the loan to these RHG sharks I would have no reason to leave, everything would be fine, I would be happy.
I am dealing with it by paying out the loan, but dont for a second try and make out that I am responsible for the deal with RHG and I should be happy about it.
Hope this helps to clear up your confusion. Happy investing.
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Well I think its fair to say teh actions of RHG could be considered unconcionable. I belive this is s.51 of the Trade Parcatices Act, or something.
I don't think people ******* and moaning about RHG need ot be "brought to earth". They've got plenty to compain about!
I was with RHG and I recived NO CORRSPONDANCE AT ALL from either RHG or RAMS about teh changover, or about teh first 3 or four rate rises! I found myself many $1,000's behind where I expected by teh time I determined what was going on.
Whenever I have called RHG teh customer service is appakking. In fact they basically admitted to me that there wasnt any. Just pay loan.
So, yes, I believ RHG customer do have a right to piss and moan, and LESSER things have been tried as unconcionable.
!
I don't think people ******* and moaning about RHG need ot be "brought to earth". They've got plenty to compain about!
I was with RHG and I recived NO CORRSPONDANCE AT ALL from either RHG or RAMS about teh changover, or about teh first 3 or four rate rises! I found myself many $1,000's behind where I expected by teh time I determined what was going on.
Whenever I have called RHG teh customer service is appakking. In fact they basically admitted to me that there wasnt any. Just pay loan.
So, yes, I believ RHG customer do have a right to piss and moan, and LESSER things have been tried as unconcionable.
!
It appears to me that the line between fiercely independent, knowledgable, well-informed investor and helpless victim is a flexible one.
Yes, TokenFunder, and perhaps something as simple as making sure that your lender knows your current address for the serving of notices could help, too.
And opening your mail from time to time!
My families’ collection of RHG letters and notifications is worthy of the National Library.
And opening your mail from time to time!
My families’ collection of RHG letters and notifications is worthy of the National Library.
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