Consumption and Real Estate
Mark Bouris of Wizard Home Loans Asks for Feedback on Rates
Mark Bouris of Wizard Home Loans talks about the impact of interest rates rises on home owners and asks for feedback from Australians. Email responses to feedback@wizard. com. au or blog below.
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#3 written by hotchicklisa69 1 year ago
Mark like the rest of us have had to work hard for our money, just some have made better decisions than others. I find this to be a great pro-active approach and hope that Marks efforts getting our voice to the RBA, brings no rate rise on Feb 5. We dont all understand the methods, income has not gone up, struggle some weeks, not sure about 2008 economy.
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#6 written by skeetagrim 1 year ago
Economics doesn’t care about feelings. RBT couldn’t give a rats, the machine drives the deal not feelings.
A class electrician,40k pa Adelaide CBD, no statistics required payslips to prove.250k repayments 1791 per month @ 8.09% $413pw in repayments and take home pay is $630.Confidence,in a world full of corruption and dishonesty?Banks and the oil industry have full control,right where they want us.
Cope? -
#9 written by Coolblue702 1 year ago
1) I don’t understand RBA’s methods for decision making.
2) Our income has not kept pace. We have very young children, on one salary and my husband is retraining as an adult apprentice due to injury.
3)We have a small 30yo house in a cheap outer suburb.
4) If there’s another interest rate rise, we will cope because of answer 3 above.
5) I don’t think there’s a lot of confidence in the Australian economy in 2008. -
#10 written by pmurgy 1 year ago
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. -
#13 written by RVPinternationalfmly 1 year ago
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#14 written by RVPinternationalfmly 1 year ago
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
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#15 written by RVPinternationalfmly 1 year ago
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 damn- 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 -
#19 written by bobfilms73 1 year ago
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.
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#22 written by dionng1 1 year ago
@ByeByeBelly Stop embarrassing yourself with your silly ignorant comments about a person you obviously have no idea about. You make assumptions that just because someone is highly succesful,influential and wealthy that their only motive in life is money. Also, get this: Organisations that merely “help people” as you put it are not businesses, they are called charities! Mark’s business merely “helps” people get best results concerning financial matters such as loans etc.
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#23 written by dionng1 1 year ago
It is great judging and criticising people is it not? You do not respect Mark Bouris? I would love to see a one on one between you and Mark. I am sure you would not have the courage or the self esteem to face him. Instead you hide behind your computer and label someone “silly”. Have you made one iota of a difference on this planet? Probably not. I am sure Mark either directly or indirectly has influenced and helped many people along his long and arduous road to success.
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I think Mark Bouris is spot on – most of my friends are saying that they are going to have to cut back with the recent rate home loan rises, and now with the Share Market Meltdown, the reserve bank definitely should NOT Raise Rates. Tell Mr Glenn Stephens please….