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Buying your first home7 steps to home ownershipFirst Home Owners GrantYour storiesChecklistsFixed Rate Home LoanThe easy way to fix your loanFull Feature Home LoanAll you'll ever need in a home loanLow Rate Home LoanNo fuss, no frills, low rateSelf-employedLow Doc Fixed Rate Home LoanFixed rate loans for the self-employedLow Doc Home LoanWorking harder for the self-employedLow Doc Line of CreditUnlock your equityRefinancingRenovation helpFixed Rate Home LoanThe easy way to fix your loanFull Feature Home LoanAll you'll ever need in a home loanLow Rate Home LoanNo fuss, no frills, low rateInvestingInvestment SeminarsFirst time investor e-mail programFree Residex ReportKickstart Investor ProgramArticles for property investorsFixed Rate Home LoanThe easy way to fix your loanFull Feature Home LoanAll you'll ever need in a home loanInvestor Home LoanBest investment home loanLine of CreditUnlock the equity in your homeOur home loansFixed Rate Home LoanFull Feature Home LoanLow Rate Home LoanInvestor Home LoanLine of CreditLow Doc Fixed Rate Home LoanLow Doc Home LoanLow Doc Line of CreditFlexible featuresValue Advantage PackageDeposit BondFast TrackConstruction OptionLifestyle OptionInterest only in Advance OptionBridging LoanOffset AccountHome loan calculatorsProperty cash flow analyzerEasy savings calculatorRepayments calculatorAffordability calculatorExtra repayments calculatorStamp duty calculatorBudget planner...more calculatorsInterest ratesResources & FAQsFees and chargesFrequently asked questionsForms and downloadsGlossaryMortgage basicsHome loan hints & tips myRAMS See your balances, pay bills, transfer funds, mobile access
First home buyers Buying your first property is pretty daunting - after all, it's probably the biggest investment you'll make in your life. This guide will get you prepared with valuable information, tips and checklists on everything from how to find the right home loan, create a budget, to making an offer and organising your move. All you need to do is follow these 7 steps into your new home: Meet with a home loan expert Have us call you Affordability calculator Budget planner More calculators 7 steps to home ownership1Deciding to buy2Finding the right loan3The real cost of buying4Searching for a new home5Making an offer6The buying process7Moving in Home loans forfirst home buyers... Fixed Rate Home Loan The easy way to fix your loan Details Full Feature Home Loan All you'll ever need in a home loan Details Low Rate Home Loan No fuss, no frills, low rate Details At a glance Interest rate p.a. Based on a $150,000 loan over 25 years 5.95% 7.28% 6.55% Comparison rate p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan 7.41% 7.35% 6.86% Max LVR The maximum loan to value ratio (“LVR”) means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property 95% 2 95%2 95%2 Min Loan size Minimum loan size to be borrowed $15,000 $15,000 $15,000 Max Loan size Maximum loan size to be borrowed No maximum3 No maximum3 No maximum Redraw A redraw facility allows you access to the available funds (if any) in your home loan Yes! Yes! Yes! Splitting Splitting the loan into two (or more) accounts, usually one part at a fixed interest rate and the other at a variable interest rate Yes! Yes! Yes! Annual fee No No No Features Value Advantage Package3 Yes! Yes! No Deposit Bond Yes! Yes! Yes! RAMS Fast Track Yes! Yes! Yes! Interest Only In Advance Option5 Yes! No No Lifestyle Option Yes! Yes! Yes! Construction Option8 Yes! Yes! Yes! Bridging Loan No Yes! Yes! Fees Application fee Fees charged to cover or partially cover the lender's costs of processing a loan approval for a home buyer $595 $595 $595 Valuation fee First valuation is free!$150 for each additional valuation First valuation is free!$150 for each additional valuation. First valuation is free!$150 for each additional valuation. Account keeping fee $20 per month No servicing fee Nil, $20 per month 13 or $240 per annum 13 Discharge fee $295 per loan (plus legal costs) $295 per loan (plus legal costs) $295 per loan (plus legal costs) Loan settlement fee $275 $275 $275 Fixed rates at a glance Fees summary Calculate your repayments with our home loans calculator Repayment Calculator More calculators Talk to us to find out more Meet with a home loan expert Have us call you Frequently asked questions How do I apply for a loan?Am I eligible for a RAMS home loan?How do I claim a First Home Owners' Grant?How much deposit do I need?How much Stamp Duty can I expect to pay? Why Choose RAMS? Great rates Award winning Leading Australian Non-Bank lender Real choice and better value Disclaimer: Warning: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees, charges, limitations and lending criteria apply. *Maximum LVR is 80% inclusive of Lenders Mortgage Insurance. ** Value Advantage Package available for customer’s with total RAMS borrowings of $150,000 or more. Value advantage package is subject to an annual service fee of $325.