RAMS Spring property opportunities for investors

Sept. 3, 2010 - PRLog -- With the property market expected to heat up with the onset of Spring, RAMS Home Loans is helping first time investors take advantage of the greater housing supply with reduced 3, 4 and 5 Year fixed interest rates and the launch of a free information toolkit to KickSTART their investment potential.

RAMS’ lending experience shows Spring is traditionally a more popular time of the year for purchasing property, with the latest figures showing a 3 per cent increase in home loan activity from September through to November in 2009 when compared to the winter months.

RAMS Acting Chief Executive, Tony MacRae said the warmer months lead to more properties being listed locally, creating wider opportunities for investors to get into the market.

“Generally, the best time to buy a house is when you are ready, however our experience shows home loan activity tends to be more active in the warmer months when more homes list on the market,” Mr MacRae said.

“This provides an opportunity for savvy buyers to take advantage of an increasing housing supply and negotiate a deal that’s right for their financial needs.”

To assist people seeking to invest in property and get interest rate repayment certainty, RAMS has recently reduced its already low 3-Year fixed rate by 0.24% p.a. to 6.99% p.a. making it one of the cheapest on the market. The RAMS 4-Year and 5-Year fixed rate interest home loans have also been reduced (down by 0.3% p.a. and 0.5% p.a. respectively) to 7.49% p.a.

Mr. MacRae said: “With the pressures of increasing interest rates, it is pleasing to offer local home buyers a more affordable choice including a very competitive Standard Variable Rate home loan that is currently lower than the major banks at just 7.23% p.a.”

“On top of our great rates, customers are guided through each stage of the home loan process by our team of local specialists. This personalised customer service provides added peace of mind and confidence, especially when you are buying your first property.”

“We can also provide customers with a free KickSTART information toolkit. This contains useful facts about how to get started, what to look for in an investment property and the main costs involved with owning an investment property. There is information to help customers work out how much they may be able to borrow and to help them identify which suburbs may fit their budget and their personal selection criteria,” he said.

First time investors who would like further information about property investing can pick up a free KickSTART Property Investor Pack from their local RAMS Home Loan Centre or simply call 13-RAMS (that’s 13-7267).

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About RAMS: "Registered Australian Mortgage Securities" (RAMS) was originally formed in 1991 and the RAMS Home Loans brand was later launched to the retail market in 1995. It won the 2010 AND 2009 Money magazine, Non-Bank Lender of the Year Awards.

RAMS Home Loans was designed specifically to offer Australian home buyers a competitive source of finance and a flexible, customer-oriented alternative.

Currently there are 46 RAMS franchisees operating more than 70 RAMS Home Loan Centres in both metropolitan and regional areas, and RAMS is opening new centres around Australia all the time.