Collins Securities 3 Year Fixed Rate

A Collins Securities 3 Year Fixed Rate home loan is designed to suit home buyers who want the peace of mind of being able to fix the interest rate on their mortgage for a period of three years, at any time during the term of the loan, in order to protect themselves from rising interest rates in the future, without having to go to all the trouble and expense of switching home loans.

A fixed interest rate home loan gives you the surety of knowing what you will have to repay each month. A Collins Securities 3 year fixed rate home loan will allow you to ride out the tough times subject to product availability and conditions at that time.

There was a time when a fixed interest rate home loan was a rather basic inflexible home loan but not today as such a loan is gaining popularity throughout the country while lenders such as Collins Securities add it to their variable interest rate mortgage to allow their home buyers to choose the time when they need the protection of a fixed rate. Nobody can read the future but a Collins Securities 3 year fixed rate home loan can be there embedded in your home loan just in case things take a turn for the worst, at a time when you can least afford it.

Features of a Collins Securities 3 Year fixed rate loan

The beauty about having a Collins Securities 3 year fixed rate home loan is that you can still enjoy many of the features that you will find in a more traditional variable interest rate mortgage. Features such as the following:

• You will be paying the loan off at all times on a monthly basis via interest and principal. This means your loan will always be reducing as the repayments are being made.
• Loan mortgage insurance (LMI) Capitalization is allowed.
• Standard residential first mortgage security is sufficient to secure the loan Australia wide, no matter where in the country your home is located.
• The maximum loan term for a Collins Securities 3 year fixed rate home loan is 30 years and the smallest loan you can apply for is $50,000. From there you can arrange the loan to cover any property you may be purchasing up to a maximum value of $2,000,000, as long as you take into account the maximum loan to value ratio (LVR) on is 95%.
• One of the greatest features of a Collins Securities 3 year fixed rate home loan is that you can add other monies to your deposit to boost your savings. This means that instead of having to wait that extra year or two before you can buy, you can do it now with help from your family or even any government grant money that you may be entitled to. Any future savings can go straight into your own home loan account as the home you have dreamed of owning can be yours that much earlier.

It is no wonder that a such a home loan is well suited to individuals, self employed or companies and trusts who are looking to either purchase an established home or construct a new home.

Management details of a Collins Securities 3 Year Fixed Rate loan:

• You can manage the day to day transactions of this mortgage yourself through your online account management facility.
• You can make additional payments of any amount into your account whenever you are able to do so.
• If the need arises you can also redraw these additional payments through a free online redraw facility.
• There are no annual fees to pay but there is a one off application fee of $600, a settlement fee of $275, a loan processing fee of $150 and a progress inspection fees of $250. There is also an early repayment fee to pay if you should wish to pay the loan out before the contract agreed date.

How to apply for a Collins Securities 3 Year Fixed Rate home loan

The easiest way to apply is to do so online at the Collins Securities website. The online application form has been especially designed for online completion and it is easily downloaded onto your desktop, or if you prefer you can link in at your convenience. To download the form you will need the latest version of Adobe Acrobat.

When your application is received you will be contacted by a relationship manager who will go through your application with you to sort out any additional information that may be required.

Collins Securities 3 year Fixed Rate home loans can be just the mortgage you have been looking for to give your that feeling of security should interest rate start rising, as you will no longer have the hassle of switching home loans.

Read the Collins Fixed Rate Home Loan - 3 Year Fixed Rate terms and conditions.

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