Rams Full Doc Rates:1 Year Fixed (p.a) 4.99%(-0.30%)2 Year Fixed (p.a) 5.29%(-0.20%)3 Year Fixed (p.a) 5.79%(+0.20%)4 Year Fixed (p.a) 6.29%(n/c)5 Year Fixed (p.a) 6.49%(+0.5010 Year Fixed (p.a) 7.09%(+0.90%)cheers

Rams 1 & 2 yr fixed rates were reduced but 0.3 and 0.2% respectively, 3, 5 and 10 yr were increased by 0.2, 0.5, and 0.9 and no change to 4 yr.

over-reaction IMO Richard, and Franchise is sure to follow in the next few weeksthis will effect a lot of people, from first home buyers to people working in creditwill be interesting to see the knock-on effect in the next couple years…

95% is still around

be honest…if you forgot to pay a telco bill or credit card then state that. telling a sob story won't get you that far…lenders will have heard it all….

The next bank will only see that you've applied for finance through ANZ, not the declinal. They will make their own decision.

ToWhomItMayInterestRams will do 95% plus lmi against vacant land, but you need 5% genuine savings…and yes you can construct laterlow doc 80%are you an offshore borrower?let me know if you want further info..CheersRay

Sign of the times Richard

Richard, when is the cut off date for St George 100% loans?John, you can still go through Rams until 9th April for 100%/no deposit but it needs to be through the Franchise channel only. If you want further info send me an email as I know lots of good Franchises and if you get a pre-app before the 9th you will be ok….CheersRay

RAMS still offer the 100% no deposit, just only through the Franchise channel. They have reduced to 95% max through the broker channel only at this stage. 100% is still available through RAMS…no use for you brokers out there thoughRay

Yes there is still bad stigma attached to the name and many people still associate it to the old Rams or RHG which is fair enough…pitty though as Westpac RAMS is completely different 

PosEnterprises wrote:
Yeh I to was with  RAMS until they rammed me to RHG – Now only 6 months before i refinance away from these creatures!I would not go to RAMS only to the big 4 alot more stable.

As stated above: RAMS fully owned by Westpac – Westpac funds are used – Even the Mortgage Docs Stipulate Westpac banking Corporation. How is RAMS…[Read more]

Hi Craigpro's are that you can borrow often up to 105% of the purchase price, you avoid paying lmi as the overall lvr is 80% and no need to save for a deposit. a limited guarantee is taken over your family/parents home so they're only liable for that amount and can usually apply to have this released after a certain amount of time. if your parents…[Read more]

Hi BoostAt 100% lvr, FHOG will cover the lmi and costs so you won't require any savings. Or you could consider 97% and capitalize lmi, and the grant will cover the 3% and costsLoan serviceability at $350k will not be an issue for you with your good income and minimal debtsas for lenders, Rams does 100% lvr at 5.69%. For rates with other lenders,…[Read more]

at 80% lvr on a standard product you wouldn't pay LMI. From a lenders point of view at 80%, funds to complete can come from any source..savings, redraw on another loan etc..you may need to pay lmi with your current lender on the increase though depending on your exposure…

did i say ALL???no

as Terry stated, pre-apps will always be subject to valuation, LMI acceptance (if required) and any other conditions the lender places on the application and requires before formal approval. A pre-app says you can afford 'x' loan amount based on info provided but does not guarantee you have finance until all conditions are met.

eclhave also been looking at Sydney West…Rams will do 100% for investment purchase (or 97% plus LMi) if you have 20% equity in your existing property, otherwise can do 95%+ lmi.i think most lenders will look for the 20% equity in existing property for 100%.if you want to consider Rams let me knowcheers

Hi Wrap, those paid defaults would be acceptable under Rams policy at that LVR and loan amt. ABN 2 years and GST reg (earning > $75k)Let me know if you want ratesCheers

Hi Wrap, yes there are lenders who will consider depending on size of defaults. Rams for one will consider, maybe some of the brokers on here can let you know other lenders. Let me know if you need help with RamsCheers