Fixed Or Variable Interest Rate? RAMS Offers The Best Of Both Worlds

Sydney, Australia (PressExposure) July 12, 2009 -- At a time of market uncertainty, RAMS Home Loans today announced an attractive new FlexiFix Home Loan option for customers wanting to take advantage of low variable interest rates [] but gain security and stability with one of the lowest 2-Year fixed interest rates currently available at just 4.99% p.a.

RAMS Head of Brand & Marketing, Lynne Wyatt said: “With current variable home loan interest rates at the lowest in decades and fixed interest rates starting to increase across the mortgage industry, many people are considering their home loan options.”

“We have created an attractive solution to help take the worry out of mortgage repayments during this unpredictable time,” Ms Wyatt said.

“In the past three months, RAMS home loan settlements have reached the highest amount in its 14-year history, with last month achieving the biggest settlement month ever experienced by the RAMS franchise distribution channel,” Mr Kirkpatrick said.

“Customers have a choice of fixing up to 50% of their home loan with the incredibly low 4.99% p.a. fixed interest rate for two years in combination with the current competitive SmartWay variable home loan rate of 5.49% p.a.

RAMS FlexiFix is also available for low doc loans with a 2-Year fixed rate of 5.49% p.a. combined with a SmartWay variable loan interest rate of 6.69% p.a.

Ms Wyatt said: “While combination interest rate loans are not new to RAMS or the market, this offer will be very attractive considering the fixed rate interest rate of 4.99% p.a. (which provides the option to fix up to 50% of your loan) is currently lower than the already low variable rate. It also offers the ‘best of both worlds’ for those who are undecided about whether to select a fixed or variable rate home loan.”

Key features of the RAMS FlexiFix Home Loan includes:

Split loan combination of:

- a current competitive variable rate of 5.49% p.a. (6.69% p.a. for low doc) - FlexiFix 2-Year fixed rate of 4.99% p.a. (5.49% p.a. for low doc)

Customers can fix up to 50% of the total loan amount at a fixed rate. Only available for new home loan applications and subject to lending criteria. Offer for a limited time only.

RAMS has a wide range of simple, competitive home loans and encourages customers considering their home loan options to call 13-RAMS (13-7267) as soon as possible to discover whether FlexiFix is right for their personal circumstances.

About RAMS Home Loans

For media enquiries and interviews, please contact: Melanie Monico on (02) 8218 6359, 0437 896 093

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Press Release Submitted On: July 21, 2009 at 9:17 pm
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