What types of home loans does RAMS offer?

RAMS Home Loans offers a diverse range of home loan products tailored to meet the varying needs of borrowers. One of their primary offerings is the variable rate home loan, which allows borrowers to benefit from potential interest rate decreases. This type of loan typically features flexible repayment options and the capacity to make extra repayments without incurring fees. Additionally, RAMS provides fixed rate home loans. These loans secure the interest rate for a set period, which can provide predictability in monthly repayments. Borrowers choosing this option can plan their finances without worrying about fluctuating interest rates. For those seeking to purchase their first home, RAMS has specific first home buyer loans designed to assist individuals in taking their first step onto the property ladder. These loans may come with features such as lower deposit requirements and support for accessing available government grants. Another notable offering from RAMS is the investment property loan. This product is designed for individuals looking to invest in real estate, whether that be for rental income or capital growth. Investment property loans often have different criteria compared to owner-occupied loans, reflecting the different risks and potential returns. Lastly, RAMS offers loan products for refinancing existing loans, allowing borrowers to potentially secure better rates or unlock equity in their property. It is advisable for potential borrowers to examine RAMS Home Loans' website for the most current information and detailed descriptions of each loan product, as offerings may evolve over time.