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RAMS' 90% Lo doc product is the one that distinguishes it from other lenders. All their other products are either inferior or the same as mainstream other lenders. If they increased their rate from 8.5% to 9.5% they are going to risk losing a lot of customers, potential and existing. Their...

I recently took out some loans from Macquarie, thinking that I'd got a good deal. Yesterday I found out that their rates are going up by .7%. I am now thinking of refinancing to RAMS because they are so competitive in their 85% and 90% lo doc loans. My question is: Are the current lo doc...

I'm not a broker but my local RAMS office said that Westpac are giving an incentive to customers of the OLD RAMS to refinance to the NEW RAMS. I think he told me that Westpac is going to contribute $1500 to pay for any switching fees. You need to confirm this yourself.

I can't answer any of the above questions. Why not send a private message to Kristine..? Alternatively, ring one of the branches. The people I've dealt with are very helpful. Kristine.. has been great to deal with.

It does appear to be an amazing product. I've checked all the information on this thread with 4 different people and can assure you that it is accurate. All the people I've talked to cannot believe that such a product would come out when all the other lenders are becoming more and more...

Good question but I'm not familiar with banking regulations and advertising either.

I'm very happy to pay the LMI as it is firstly, tax deductible over 5 years and secondly, it allows me to take on a project which will earn me at least $65,000. I'll be using the money in property and possibly shares, if the market drops substantially. It also allows me to retain a much higher...

I don't understand what you are getting at. There is no mention of LVR of 90% on website as it is not up to date. The 60% LVR only has to do with mortgage insurance.

This is great information and backs up most of what I got from my local branch. I got the 2% mortgage insurance wrong but everything else that I have mentioned appears to be dead accurate. I've spent 2 weeks looking for 90% lo doc/no doc loans and this appears to be easily the best in the...

Those links you sent me are from RAMS website which is out of date. I've already been to a RAMS office who have given me their latest information which was only released yesterday. I had a 2 hour discussion with one of their managers on Monday. Was on the phone to them today for another half an...

WinstonWolfe, just go to your local RAMS branch and they will confirm this information. They don't seem to mind giving the information over the phone. The person I spoke to did double check the information with his boss who is the franchisee. As I asked him questions, he looked up the answers...

Yes, confirmed with them today.

Just checked their termination fee. It is 1% if the loan is terminated within 3 years. This is less than the 2% under the OLD RAMS. You can get a fixed rate, I think. Product is looking better all the time!! I'd be interested in Kristine..'s comments - she owns a RAMS franchise, I...

Dan, new product only came out yesterday which is why the advertising still states 85%. Once people realise that it is now owned by Westpac they will come back to RAMS. I have double checked the information & appears to be accurate. I'm getting another broker to do another check as the...

Sorry, Steve. I did have a long talk with a RAMS manager yesterday about these figures and unfortunately I've made a few mistakes. I've just double checked my figures and have corrected my thread. It is a lo doc, the rate is 7.95% and the application fee is $395 not $300. The other thing is...

Your opinion on "NEW" RAMS 90% lo doc The new RAMS, which is now owned by Westpac, has just released their new products. I'm particularly interested in their 90% lo doc and would value anyone else's opinion. Some of its features are: 1. 7.95% variable interest rate. 2. One off...