Specialist lender, RAMS Home Loans is pleased to announce that its Basic and Easy Start 3 year introductory Variable Rate Home Loans have been awarded the maximum five star rating for “Outstanding Value” by CANSTAR CANNEX. CANSTAR CANNEX ratings are a consumer-friendly benchmark that helps customers to identify the most outstanding financial products available. In their latest report, CANSTAR CANNEX researched and rated over 1,500 home loans from 115 lenders. Only the top 5% of all home l ...

If you are considering taking out a secured loan against your home, two of your options are home loan mortgage refinancing with cash-out or home equity loans. Depending on your particular situation one may be better for you financially that the other. Cash-Out Refinancing A cash-out refinance is refinancing your mortgage for more than the current balance on your first mortgage. Home loan mortgage refinancing usually has a lower interest rate than home equity loans, but if you borrow more than 8 ...

Home mortgage rates are up half a percent from one year ago, but down half a percent from March -- and while this latest rate decrease has led to a surge of mortgage refinancing (refi) activity, homeowners should consider the pros and cons of refinancing in their situation before they sign up for a new deal on their home loan. Some homeowners are sitting on adjustable rate mortgages (ARMs) wondering if now is the time for a mortgage refinance into a fixed-rate loan. They may worry -- and rightly ...

The Federal Housing Administration is just one part of the government created system to keep the mortgage market and help homebuyers become homeowners. Although none make loans directly to consumers, each has a very important role to play and none could continue to operate without the other. The Federal Housing Administration More commonly known as the FHA, the Federal Housing Administration is a part of the Department of Housing and Urban Development. The FHA’s role is to stabilize the hou ...

If you already have an FHA loan and interest rates have fallen, or you have an adjustable-rate FHA mortgage and would like a fixed-rate mortgage, you may be eligible for an FHA Streamlined Refinance. What is the Streamlined Refinance? The FHA has permitted streamlined refinance loans since the 1980s. A streamlined refinance is the same as a conventional refinance, but with reduced paperwork. It does not eliminate all of the fees or costs associated with refinancing. Some fees and costs may be ...

The FHA Secure program was introduced in late 2007 by the Federal Housing Administration and President Bush. Unlike most other FHA loan programs, this program is designed for homeowners who are at risk for foreclosure due to steeply increasing payments on adjustable-rate mortgages. The majority of people in the program have subprime loans, but homeowners with hybrid ARMs, option ARMs, and prime-rate ARMs may also qualify. FHA Secure Eligibility Contrary to initial reports, you don't have t ...

A home loan application can be very confusing for some people. If you're in the market for a home, but have never even seen a home loan application, this guide will help you better prepare for your loan application. After reading this information, you should have a better understanding of the loan process. Itemize Your Debt Before you do anything, you first need to establish whether or not you can afford a loan. This will save you significant time and money. To figure out if you have the financ ...

FHA loans are easier to get than conventional mortgages because it recognizes that first time buyers may not be able to come up with a full 20% down payment, and may need to borrow some of the down payment from family or another organization. FHA loans are insured, and therefore include mortgage insurance premiums to avoid using taxpayer funds. However, even with more lax lending standards, you must still meet FHA loan requirements and underwriting standards in order to qualify for a loan. Ba ...

Specialist lender, RAMS Home Loans today announced it will offer immediate home loan relief for its customers affected by the recent Victorian bushfires that have destroyed hundreds of homes and devastated whole communities. RAMS is encouraging affected customers to contact RAMS, when they can, to discuss their personal circumstance and to access the RAMS Disaster Relief package. RAMS Chief Executive Officer, Melos Sulicich said our thoughts are with the many people who have experienced th ...

Specialist lender, RAMS Home Loans today announced it will reduce its Standard Variable Rate (SVR) by the full 1% p.a. to 5.69% p.a.* effective Monday 9 February, following the latest drop to Reserve Bank of Australia’s official cash rate. The latest rate reduction now means the popular RAMS Rate Relief home loan offers customers an interest rate of only 4.69% p.a. for the first two years of the loan, making RAMS Home Loans one of the most competitive in the national lending market.** RAMS Chief ...