• Because buying your first home shouldn’t be last on your to-do list

  • How RAMS helps first home buyers 

    • Helpful resources - useful checklists, experts to call on and calculators that can help make buying that first home as straightforward as possible
    • Choice – choose from our range of flexible home loans;  there’s one that’s sure to fit your needs 
    • Keeping it real - efficient decision making from a smaller, more nimble home loan specialist. 

     

    Buying your first home can be daunting. How do you know how much you can borrow or what the likely steps involved are for what will arguably be your biggest investment?

    With RAMS, you not only get objective answers to these questions, but personable service too.

  • Home loans for first home buyers - owner occupier (principal and interest)

    Fixed rate - benefits
    • Ideal for first home buyers and investors
    • Select from a wide range of fixed rate periods – 1, 2, 3, 4, 5 and 10 year  periods
    • Deposit up to an additional $30,000 during the fixed rate period without incurring fixed rate break costs  
    • Redraw any additional repayments to better help deal with life’s little emergencies ($1,000 minimum, conditions and fees apply, and subject to RAMS’ approval)  
    Low rate - benefits
    • Ideal for first home buyers, owner occupiers
    • A low variable Rate with no monthly fees available to both owner occupiers and investors
    • The option of Interest Only repayment for up to 10 years for loans for investment purpose or up to 5 years for owner occupied loans
    • Gives you the flexibility to make extra repayments on your loan
    Full feature - benefits
    • Potential to save on fees and discounted interest rate with our Value Advantage Package (conditions apply).
    • Ideal for owner-occupiers, first home buyers, refinancers
    • Save money by depositing your salary into the 100% offset transaction account. 
    • Easy access to redraw on your home loan with debit card, ATM or cheque account – get 25 free transactions per month 
  • Home loan calculators

    Whether buying a new home, refinancing an existing home loan or investing in property, RAMS mortgage calculators can give you an estimate of what your repayments could be, based on your home loan amount, your loan type and the interest rate you think you'll be paying.  Once you get an idea of your mortgage repayments from the calculator, together with the rest of your budget, you'll start to see whether you can realistically afford the home you want to buy.  Your local RAMS franchisee can also help guide you through this process.  View all of our calculators.

  • How much could I borrow?

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    Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

    How much could my repayments be?

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    years
    % p.a.

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    over {{ data.loans[0].loanPeriod.initial }} years

    Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

    Change the repayment amount below to see how much interest you could save

    Total payable

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    Interest - ${{data.loans[0].calculators.initial.total.interest | number:2}}

    Principal - ${{data.loans[0].calculators.initial.total.principle | number:2}}

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    Total payable

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    Interest - ${{data.loans[0].calculators.compare.total.interest | number:2}}

    Principal - ${{data.loans[0].calculators.compare.total.principle | number:2}}


    Total interest saved

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    What are the upfront & ongoing costs?

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    $

    Your estimated upfront costs would be

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    Your estimated repayments would be

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    and your estimated ongoing costs (excluding repayments) would be

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    Cost breakdown upfront costs

    Government fees

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    $ {{ data.loans[0].calculators.upfrontCosts.government.transfer | number : 0}}

    $ {{ data.loans[0].calculators.upfrontCosts.government.stampDuty | number : 0 }}

    $ {{ data.loans[0].calculators.upfrontCosts.government.mortgageDuty | number : 0}}

    Government grants

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    RAMS fees

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    Lender's Mortgage Insurance

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    Other upfront costs to consider

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    $ {{ data.loans[0].calculators.upfrontCosts.pestInspection.value | number: 0 }}

    $ {{ data.loans[0].calculators.upfrontCosts.conveyancingFee.value | number: 0 }}

    Cost breakdown ongoing costs

    Repayments

    $ {{ data.loans[0].calculators.ongoingCosts.repayments | number : 0}}/month

    a {{ data.loans[0].loanPeriod.initial }} year term at an interest rate of {{ data.loans[0].interestRate.ongoing.percent }} % p.a.




    RAMS fees




    Other ongoing costs to consider

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    $ {{ data.loans[0].calculators.ongoingCosts.council.value | number: 0 }} /month

    $ {{ data.loans[0].calculators.ongoingCosts.utility.value | number: 0 }} /month

    $ {{ data.loans[0].calculators.ongoingCosts.homeContentInsurance.value | number: 0 }} /month

  • Blogs and videos for first home buyers

    Buying property is potentially the biggest financial investment you may ever make. Not sure what to ...
    Buying your first home? There are few things to tick off your to-do list before the property is all ...
    Buying property for the first time may be overwhelming, especially on a limited budget. Here are our...
    Video - Steps to buying your first home - Liza Frazer
    Home loan expert, Lisa Frazer looks at the real costs of buying your first home.
    Video - home loan basics - Darlene Neu
    What you need to consider when applying for a home loan with RAMS home loan expert Darlene Neu.
    Video - finding the right suburb - Andrew Wilson
    Tips for finding the right suburb to buy your home in, with housing market expert Dr Andrew Wilson.
  • DISCLAIMER:

    *Please note: The comparison rate for the relevant product is based on a loan of $150,000 over a term of 25 years. 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.