RAMS cuts three-year rates

RAMS Home Loans has dropped its three-year home-loan rate by 0.11 per cent to 6.09 per cent. RAMS' “low document” three-year loan rate has also been cut by 0.11 per cent, to 6.84 per cent. RAMS Home Loans' Peter Bromley said customers benefit from knowing their home loan repayments won't change for three years, and the new lower rates help them pay off their mortgages faster.