I Have a RAMS Home Loan, What Should I Do?

RAMS share prices are continuing to plummet and there has been rate rises on loans to existing customers of between 0.15 and 0.3 % from the 3rd of October. This in spite of the fact that the RBA left interest rates unchanged on the 2nd of October.

You may ask "how will this affect me as a RAMS Home Loan borrower? Am I paying more than I have to?"

It is easy to find the answers to these questions; all it takes is a minute of your time by completing the Property Loans Online mortgage health check.

When you borrow money on a fixed rate loan you are generally safe, however if you have a variable rate loan and the Lender gets into trouble you may find that your Interest rate is increased in an unfair manner.

It is important when borrowing to purchase your home or investment property to make sure you get the best deal that is available on the market and that you are aware of any hidden fee's or ongoing costs.

At Property Loans Online we work with a independent Mortgage brokers who are constantly looking for the best loans on the market with the lowest interest rates and fee's.

RAMS as a lender, has been the most visible loser of the global credit market woes ignited by defaults in the US low-doc loans market.

Westpac is in the process of buying and rebranding RAMS offices, but the deal does not include buying their existing loan book. This may mean rates on the already established loans may continue to rise.

Unlike Westpac, RAMS does not have a customer base with large deposits to fund its loans. Because of this it turned to short-term global debt markets and has been punished by exposure to the unstable global credit market at a time when banks were hoarding cash.