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  • How to finance your lifestyle

    How to finance your lifestyle

    As you clean-up your house and begin to remove the clutter, you may be inspired to renovate that kitchen, bathroom or lounge room to help support your new minimalist lifestyle.

    A freshly renovated home is the perfect base to add those minimalist touches to and ensure your home is a haven for relaxing and spending time with family and friends. 

    If you would love to renovate but find you’re short on funds, speak to your RAMS Home Loan Specialist about the best options for you. You may have equity in your home* which you could unlock to cover the improvements.

    Whether due to extra repayments or a capital gain, chances are some equity may have built up in your home over time. A Line of Credit home loan* allows you to access this equity via a transactional facility with a credit limit, secured by your property.

    With a RAMS Line of Credit, interest is only charged on money that is drawn. As the Line of Credit is secured against your property, you are charged interest at the relatively low interest rate payable on your home loan, instead of the higher interest rates that generally apply to credit cards.^ Line of Credit funds can be accessed via debit card, BPAY or internet transfer.

    Check out our equity calculator to find out how much equity you could unlock – that new outdoor area could be yours just in time for summer!


    Things you should know: 

     *Credit criteria, fees and charges apply. ^Interest rates on Lines of Credit are typically higher than those on standard home loans.

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    About the author

    • Raymond

      Raymond A Ram is the RAMbassador for RAMS Financial Group. Raymond works with the RAMS team to bring simple, helpful and expert information on home loans and savings accounts to life with his down to earth and cheeky personality. He enjoys seeing everyday Australians turn their dreams of saving for a goal or getting into a home a reality. 

      Growing up in Goulburn, NSW, Raymond was brought up with good old-fashioned Aussie values of hard work and a fair go. It soon became apparent that Raymond wasn't content for the conventional path of grazing, producing the very best wool, and finding a nice sheep to settle down with. So it wasn't long before his passion for performing and his talent as a likeable larrikin shone through - landing him a few roles such as 'RAMlet'. He was even tipped to play RAM-bo at one point but chose to become star of the small screen instead as RAMbassador for RAMS. He now finds this role so much more rewarding.

      Contact your local RAMS Home Loan Centre about your home loan options.

      Raymond A Ram

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  • Disclaimer:

    The information here is of a general nature only and is not intended to constitute financial or tax advice. You should consult your professional adviser, accountant or taxation expert for advice specific to your personal circumstances.

    The views and opinions expressed in this article are those of the author alone and do not necessarily represent the views or opinions of RAMS Financial Group Pty Ltd ABN 30 105 207 538 (RAMS),  Westpac Banking Corporation ABN 33 007 457 141 (Westpac) or their related bodies corporate. This article is strictly for information purposes only and neither RAMS, Westpac nor any of their related bodies corporate make any representation as to the accuracy or completeness of the information in this article or endorse the views expressed in it.