Comments on: Mark Bouris of Wizard Home Loans Asks for Feedback on Rates

By: bobfilms73

bobfilms73 — Fri, 20 Mar 2009 21:52:11 +0000

I have a mortgage …
I have a mortgage in NZ floating @ 10% This mortgage costs us $650 per wk which we can no longer pay, we have an offer to buy from someone that is $80,000 below what we owe. I have tried to talk to people @ Wizard to find a way out so that they don’t loose $80,000 and I don’t go bankrupt but there is no way through. Now I’m just 1 person and this is just 1 bad debt, how much is wizard willing to loose before they start thinking outside the square and helping themselves to not go bankrupt too.

By: kimberleymorrison

kimberleymorrison — Fri, 20 Mar 2009 21:52:11 +0000

Oh yummy. Yes …
Oh yummy. Yes please.

By: Pugster101

Pugster101 — Fri, 20 Mar 2009 21:52:11 +0000

You don’t have to …
You don’t have to just worry about what the RBA does these days. You’ve also gotta worry what the big banks do independent of the RBA. As soon as the big banks rise independently, so do the non-bank lenders.

By: msusms2006

msusms2006 — Fri, 20 Mar 2009 21:52:11 +0000

Tried to send you …
Tried to send you my Video on Life lessons, have you heard of the Eliminator Loan, it is the loan which is paid off in 10 to 12 years saving Americans hundreds of thousands of dollars in interest. Check me out on Life lessons….and Loan Modifications!

By: RVPinternationalfmly

RVPinternationalfmly — Fri, 20 Mar 2009 21:52:11 +0000

Mark,
i could not …
Mark,
i could not believe that in the current situation people are in – with banks foreclosing on peoples homes only 2100 people watched your video.”Wake up Australia this man is trying to help!”- not many in the corporate world give a – you need more publicity about the fact that you are on here trying to help and collate statistics. Its now April- whats happened since Feb? I have sent you an email message too. I would love to bring awarness to your cause. Regards Karol J

By: RVPinternationalfmly

RVPinternationalfmly — Fri, 20 Mar 2009 21:52:11 +0000

p3 I have this …
p3 I have this video and I will add it to my collection in the next few days, that shows statistics/of it is not just interest rate rises that is the problem- the rich love them as this creates more wealth…. its the struggling mums and dads out their that are still living on a average minimum wage – not much higher than what it was 40 years ago that feel it. I want to help change this. Something needs to be done. Regards Karol J

By: RVPinternationalfmly

RVPinternationalfmly — Fri, 20 Mar 2009 21:52:11 +0000

part 2 Now because …
part 2 Now because we can’t keep up with inflation – people have been getting into credit card debt, personal loans, car loans , eating into their home equity just to survive and try and beat inflation. Instead of being able to use their equity to invest and create and build wealth.

By: RVPinternationalfmly

RVPinternationalfmly — Fri, 20 Mar 2009 21:52:11 +0000

Mark so true…… …
Mark so true…… in my other business we have study on the economy. The last 40 years the average wage has not kept pace with inflation- the reason 40 years ago people were able to pay their mortgage, save , buy a car in cash-

By: onechifley

onechifley — Fri, 20 Mar 2009 21:52:11 +0000

you look so …
you look so charming…..

By: pmurgy

pmurgy — Fri, 20 Mar 2009 21:52:11 +0000

Borrowing money is …
Borrowing money is not rocket science. You should only borrow what you can afford to repay. If all you can afford is the minimum repayment, then you can’t afford to borrow. If you can afford more, then pay more.
My loan started at 5.97% in 2003 and has risen to 8.17%. Not much over 5 years, but I have been paying it off as though the rate were a fixed rate of 12%. I borrowed only what I could comfortable afford, so the rate rises mean nothing to me.