RaymondBDM replied to the topic Rams to drop fixed rates for 1st and 2nd year term in the forum Finance 15 years, 7 months ago
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
RaymondBDM replied to the topic Rams to drop fixed rates for 1st and 2nd year term in the forum Finance 15 years, 7 months ago
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.
RaymondBDM replied to the topic Westpac withdraw 95% LVR in the forum over-reaction IMO Richard, 15 years, 7 months ago
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…
RaymondBDM replied to the topic LMI calculation: for borrowing using existing equity in the forum Finance 15 years, 7 months ago
95% is still around
RaymondBDM replied to the topic Credit file issue in the forum Finance 15 years, 7 months ago
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….
RaymondBDM replied to the topic Credit file issue in the forum Finance 15 years, 7 months ago
The next bank will only see that you've applied for finance through ANZ, not the declinal. They will make their own decision.
RaymondBDM replied to the topic LVR Land only in the forum Finance 15 years, 7 months ago
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
RaymondBDM replied to the topic RAMS withdraw 100% loan product in the forum Finance 15 years, 8 months ago
Sign of the times Richard
RaymondBDM replied to the topic No Deposit Loan in the forum Finance 15 years, 8 months ago
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
RaymondBDM replied to the topic RAMS withdraw 100% loan product in the forum RAMS still offer the 100% no 15 years, 8 months ago
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
RaymondBDM replied to the topic Refinance in the forum Finance 15 years, 8 months ago
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
RaymondBDM replied to the topic Refinance in the forum Finance 15 years, 8 months ago
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]
RaymondBDM replied to the topic Home Loan Advice in the forum Finance 15 years, 10 months ago
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]
RaymondBDM replied to the topic Loan Advice in the forum Finance 15 years, 10 months ago
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]
RaymondBDM replied to the topic quick query re loan mortgage insurance in the forum Finance 15 years, 10 months ago
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…
RaymondBDM replied to the topic Next IP in the forum Help Needed! 15 years, 10 months ago
did i say ALL???no
RaymondBDM replied to the topic Pre-Approved Finance & Cash Offers in the forum Finance 15 years, 10 months ago
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.
RaymondBDM replied to the topic Next IP in the forum eclhave also been looking at 15 years, 10 months ago
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
RaymondBDM replied to the topic Lo Doc lenders? in the forum Finance 15 years, 10 months ago
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
RaymondBDM replied to the topic Lo Doc lenders? in the forum Finance 15 years, 10 months ago
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
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