20 September 2019 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.