rams - Mortgage Lender
Whether you are buying your first home, self-employed, refinancing, you have no deposit, looking for an investment property or if you simply want to cut years off your loan and manage your money better then there is a RAMS home loan to suit you.
rams Loan Products
| Type of Loan |
Home Loan Information |
| > RAMS 100% Home Loan |
A RAMS 100% Home Loan makes it easy for you to buy your first home, right now. There’s no need to wait while you save a deposit. With a 100% home loan, RAMS just makes sure you can afford the repayments and you have funds to cover the transaction costs and deposit bond, if required.
RAMS 100% home loan is perfect for First Home Buyers, and you can use the First Home Owners' Grant towards your transaction costs. Plus RAMS 100% home loan option is available across many of RAMS full doc home loans, so you can choose the one that best suits you. |
| > RAMS Fast Track |
With RAMS Fast Track you can borrow up to 110% of the purchase price and save thousands.
All you need is a guarantor (family or friend) to provide a limited guarantee secured against residential property for the amount you need to borrow over 80% of the property value, and you won’t be charged a cent in lenders mortgage insurance. |
| > RAMS Limited Deposit |
Found your dream home but haven’t saved enough for a deposit? With a RAMS Limited Deposit Home Loan you can buy your home with as little as 3% of the purchase price plus costs – whether it’s your personal savings, a gift from family or another source. RAMS just makes
sure you can afford the repayments and you have funds to cover the transaction costs and a deposit bond, if required.
It’s perfect for First Home Buyers, and you can use the First Home Owners' Grant towards your transaction costs.
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| > Deposit Power |
A RAMS Deposit Power Guarantee is a fast, convenient and inexpensive way for you to arrange the 10% deposit when you exchange contracts on your new property.
The guarantee (also known as a deposit bond) acts as a substitute for the cash deposit in between signing a contract and settlement of the property. At settlement, the purchaser is required to pay the full purchase price including the deposit. This provides a low cost, flexible option if your money is tied up, but you will be able to pay the deposit at settlement time. It’s particularly useful for auctions. |
| > RAMS Easy Start |
If you’d like lower repayments in the early years of your home loan, look no further than RAMS Easy Start.
You benefit from discounted rates for the first 3 years – that’s 2 years more than most other lenders – and what you save in repayments you can use for other expenses such as furniture or landscaping. It’s ideal whether you’re a first home buyer or refinancing.
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| > RAMS SmartWay Pro Pack |
RAMS SmartWay Pro Pack is a fully transactional home loan with money management facilities to help you own your home sooner.
You’ll enjoy a discount off the RAMS standard variable rate for the life of your loan and it’s available for loans of $150,000 or more – there are no other special qualifying criteria. |
| > RAMS Standard Pro Pack |
With a RAMS Standard Pro Pack Home Loan you’ll enjoy a 0.8% discount off the RAMS standard variable rate for the life of your loan.
To qualify, you just need to borrow $500,000 or more. Plus you benefit from a 100% Offset facility and free redraw. |
| > RAMS Line of Credit Pro Pack |
RAMS Line of Credit Pro Pack Home Loan is the easy, affordable way to access the equity in your home when you need it, whether it’s for investments or other purchases. It has a discounted rate for the life of your loan and is available for loans of $150,000 or more.
You can access funds up to your approved credit limit, via ATM, EFTPOS and chequebook, and you only pay interest on your outstanding balance. It’s a flexible alternative to high interest credit facilities. Plus there’s no need for regular repayments during the first 10 years, if you are below your credit limit. |
| > RAMS Self-Employed (SE) Pro Pack |
At RAMS, we don’t believe you should pay a higher interest rate just because you’re self-employed and don’t have full financials. If you’re borrowing $150,000 or more, you can enjoy a 0.7% p.a. discount off the RAMS standard variable rate for the life of your loan with a RAMS Self-Employed Pro Pack Home Loan.
Plus, like all RAMS low doc loans, you don’t need to supply financial statements or tax returns. All you need to support your application is a signed Borrower’s Declaration stating your income and ability to make your repayments. It’s that easy! |
| > RAMS Basic |
If you’re looking for an easy-to-manage home loan, the RAMS Basic Home Loan is ideal.
You’ll enjoy 100% Offset facilities and have access to extra features at any time. But you’ll only be charged for them when you use them. |
| > RAMS Zero |
RAMS Zero is an easy to manage home loan with no account keeping fee and a great rate.
It has a 100% Offset facility and is perfect for owner-occupiers as well as investors. Plus you can access extra features when you need them. |
| > RAMS Investor |
Choose a RAMS Investor Home Loan and you'll enjoy the benefits of up to 10 years of interest only repayments, to help you minimise your outgoings.
Plus you won't pay for features that as a property investor, you probably don’t need. |
| > RAMS SmartWay |
If you want a transactional home loan with money management facilities, RAMS SmartWay could be perfect for you. You can pay your salary straight into your home loan and access any extra payments via ATM, EFTPOS and chequebook.
Since interest is accrued daily, any extra payments will reduce your interest payments, as well as your outstanding loan balance – possibly helping you to own your home sooner. |
| > RAMS Standard Variable |
The RAMS Standard Variable Home Loan is a standard home loan account for loans of $50,000 or more.
It includes extra features such as 100% Offset facilities and free redraw. |
| > RAMS Fixed Rate Options |
Choosing to fix all or part of your home loan gives you peace of mind and allows you to plan your budget. Safe in the knowledge that whatever happens in the financial markets, your rate, and your minimum home loan repayments, will not change throughout the fixed rate period.
ALL RAMS home loans can be fixed after settlement for either 2, 3 or 5 years. So you can choose the loan that’s right for you, and then fix your rate for the timeframe that best suits
your needs. |
| > RAMS Low Doc Home Loan |
A RAMS Low Doc Home Loan is an easy, straightforward solution, with no need for full financials.
With a RAMS Low Doc Home Loan, the interest rate is currently less than RAMS standard variable rate, plus you benefit from a range of features, like 100% Offset facility and redraw. |
| > RAMS Low Doc 500 Plus |
If you’re self-employed and borrowing over $500,000, a RAMS Low Doc 500 Plus Home Loan could be perfect for you. You’ll receive a preferential rate for the life of your loan, and there’s
no need to provide full financials.
Plus you’ll benefit from 100% Offset facility, free redraw and up to 5 years of interest only repayments. |
| > RAMS SmartWay |
RAMS SmartWay Low Doc Home Loan is ideal if you’re self-employed and want money management facilities to help you pay off your loan sooner.
It has a 100% Offset facility and a range of access options including ATM, EFTPOS and chequebook. And like all RAMS low doc loans, you don’t need to supply financial statements or tax returns. |
| > RAMS Low Doc Line of Credit |
If you want easy, flexible access to the equity in your home and you’re self-employed, a RAMS Line of Credit Home Loan could be the perfect choice for you. You only pay interest on the amount you draw down, and there’s no need to make regular repayments in the first 10 years
if you’re below your credit limit. So it’s ideally suited to irregular cash flow.
Plus, like all RAMS low doc loans, you don’t need to supply financial statements or tax returns. All you need to support your application is a signed Borrower’s Declaration stating your income and ability to make your repayments. It’s that easy! |
Branches and offices
RAM have 54 franchisees operating and over 100 RAMS Home Loan Centres in both metropolitan and regional areas in Australia.
rams Points of difference
Awards
Your Mortgage Magazine’s ‘Best New Mortgage Product 2006’ award for the RAMS Fast Track product.
The 2006 Australian Banking and Finance ‘Best Non Bank Financial Institution’ award.
The Australian Marketing Institute’s ‘Marketing Communications Marketing Excellence Award 2006’.
The Mortgage Industry Association of Australia’s (now MFAA) award for ‘Lender of the Year 2005’.
In March 2007, RAMS received 4 Cannex stars for its then RAMS Interest Saver, RAMS Line of Credit 1 and RAMS Line of Credit 2.
Good mortgage brokers understand a broad range of lender preferences and that is why it is really useful to talk to a local mortgage broker about your specific situation. They will use their knowledge and specialized software to assist you in making the most informed decision. Simply put, a mortgage broker evaluates your situation against the lenders on their panel for the best deal. More information on how to pick a home loan or how to assess the right business loan is available right here on the X Inc. site.
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