RAMS Fast-track using a guarantor is available on home loans for owner occupiers plus investors, and is ideal for first-home buyers.
You could get into your home sooner and save on mortgage insurance
The support of family can be priceless when trying to grow that deposit to buy your first home. One option available is for a parent or sibling to provide a limited guarantee.
A guarantor simply provides RAMS with a guarantee (or security) for an amount equivalent to a certain percentage of the purchase price, supported by a mortgage over their existing property.
The primary security for the mortgage will still be the property you intend to buy. To use a guarantor, you (the applicant) must be able to service the entire mortgage on your income.
RAMS Fast Track using a guarantor is available on home loans for owner occupiers plus investors, as well as for construction purposes where a fixed price contract and plans are supplied.
Note: Fast Track is not available for Line of Credit and Self-employed loans.
A home loan with loads of features - offering the ultimate in flexibility, parental leave options and a competitive rate
RAMS fixed rate home loan has protects you against rate changes during the loan period.
A simple, clear to understand home loan to help you with one of the biggest purchases in life.