By: tiger_weeds
26/06/2009
8:36 am Yahoo! Profile:
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I fixed my investment loans all just above 1 million.rated 7.79% and 18 months to go.
Any suggest? Please contact me
vitd_jaid@hotmail.com
many thanks |
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By: spears081970
29/04/2009
11:11 am Yahoo! Profile:
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| Hi what services do you offer? I am facing break costs of 19k on a 190k loan fixed for the next 4 yrs at 8.49 with BankSA |
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By: mariescans
24/04/2009
11:50 pm Yahoo! Profile:
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to Clubcoffs,
how can you help... ??/ Am in similar situation as many above... please email nicscan@hotmail.com |
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By: vikram819
8/04/2009
11:14 am Yahoo! Profile:
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| Hi I have a investment property with loan fixed at 8.89% for 256 for other 24 months. Could I get any help or a way out to avoid loan break cost. |
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By: jaymarcel
1/04/2009
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| Never fix interest rates? Not even now at 5% for 5 years? |
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By: apbluedog
30/03/2009
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There's calculator that calculates the true break cost using open market rates & will do the break even analysis if you investigating to refinance
It's pretty simple to use
1) Click on the click to edit button
2) Input fixed amount
3) Input your fixed rate start date
4) Maturity date and fixed amount
http://www.numbersinaflash.com/breakcosts/ |
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By: qikvtec
19/03/2009
11:49 pm Yahoo! Profile:
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Reading your damn loan contract would be a start. No doubt you'd be sitting round scoffing like a cat at a bowl of cream if rates were 17% right now.
You came, you gambled and you lost.
What's the lesson? NEVER EVER FIX INTEREST RATES. NEVER EVER.
************************* ************************* ********
We need to start writing, and asking the Government to do something to put a cap on these Break Cost Fee's.
We can not give up. Please write your storey and letters to
the PM and MP. Contact details below.
http://www.swanmp.org/swanmp/contactwayne.html
http://www.pm.gov.au/contact/index.cfm |
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By: pol_pak
15/03/2009
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Wishfull thinking, check wording re early payments as different to early termination.
Few years ago read of similar problem.
IF they early settled in full they had to pay fee$, however early payments allowed so as to get ahead a bit without incurring fee$, provided did NOT not close out the loan.
Without limitation on early payments, they paid almost entire loan out, leaving about $10 per month loan balance plus interest on monthly balance due to be paid for last couple of years.
Reduced residual balance still paid interest at higher rate, however interest calculated on reduced rolling balance was still a lot less ;-)
. |
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By: aldebaran3003
7/03/2009
10:28 pm Yahoo! Profile:
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| $22,000 with suncorp. We fixed part of an existing loan not a new loan. Did you find out anything? |
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By: thien_le
11/02/2009
4:33 pm Yahoo! Profile:
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| Just check again as today my Early Repayment cost goes up to $20K and I have about 18 months to go... So "clubcoffs" if you have a better solution please email me at thien_le@yahoo.com |
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By: president5000
4/02/2009
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Hi Clubcoffs,
I am in similar situation as others with my fixed home loan. What kind of service I can get from you to address this issue ? Clearly I am interested to look at options so please contact me.
Cheers,
PreZ |
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By: m_istanbouli
3/02/2009
6:05 pm Yahoo! Profile:
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| I am definitely interested in how you might be able to help with break out costs. Im facing 11K with Suncorp. |
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By: nadeeka_gabadage
29/01/2009
3:38 pm Yahoo! Profile:
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HI
CBA is asking 21,000 to break fixed loan contaract. Is there any other ways to do this without paying that much money. |
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By: justsplace
28/01/2009
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| Has anyone had any luck with escaping these costs?? |
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By: the4rays77
16/01/2009
10:36 am Yahoo! Profile:
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| Hi i am interested in breaking my fixed loan and wondering what you guys can do to help save us some cash! - as per your post on the 4/11 |
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By: thien_le
12/12/2008
2:40 pm Yahoo! Profile:
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| I saw on Today Tonight about a story on this similar line... I wonder we all can send this to Today Tonight for their attention? |
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By: kate.lona
5/12/2008
8:52 am |
Message deleted. Reason: Breach of terms of service |
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By: linzxz12
5/12/2008
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| Our costs are 58K, and that was before this weeks rate cut, so will be more now. |
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By: almaintimo
4/12/2008
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We need to start writing, and asking the Government to do something to put a cap on these Break Cost Fee's.
We can not give up. Please write your storey and letters to
the PM and MP. Contact details below.
http://www.swanmp.org/swanmp/contactwayne.html
http://www.pm.gov.au/contact/index.cfm |
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By: jymjunky
3/12/2008
3:27 pm Yahoo! Profile:
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Look, unfortuantely you bet against the money markets.
There is nothing to be done except:
a) Pay the break costs
b) Stay on the product you are on.
The terms of a fixed rate loan are provided to all borrowers and the risks are there for everyone to see. Once you fix your rate you are "out of the game" so to speak - What the RBA does no longer effects you, because you opted out of the rollercoaster. |
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By: daz_home
28/11/2008
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Lesson to be learnt from this.
Do not fix all the loan. Fix part of the loan. If they do not allow part fix, choose a different lender that does. |
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By: jenniferscott_financial
19/11/2008
5:37 am |
Message deleted. Reason: Breach of terms of service |
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By: jenniferscott_financial
19/11/2008
5:35 am |
Message deleted. Reason: Breach of terms of service |
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By: youngcindykate
15/11/2008
10:43 pm Yahoo! Profile:
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Hi, I am trying to break free. But my bank charge me $24,437 now, even if refinance with them.
And it will increase day by day. |
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By: telmeg78
15/11/2008
3:22 pm Yahoo! Profile:
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| Hi. Please contact me if you know how to break free for less because I am in the same situation. I fixed my loan for 3yrs, and still have 2 yrs left at 7.89%. My bank are trying to charge me $24,191 (yes thats not a typo) to refinance, even if we refinance with them. |
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