Collins Securities 5 Year Fixed Rate

Collins Securities 5 Year Fixed Rate home loans are designed for home buyers who feel they would be more secure in having a mortgage whereby, if the need arose, they could avoid any interest rate increases for the longest period possible, in this case the five years of the fixed period. By doing this you will have surety of knowing that for the duration of the fixed period you will be able to budget to make the same repayments each month, thus avoiding any unnecessary stress of having to switch home loans as would otherwise be the case. You will be given the choice of taking the fixed period at settlement, depending on the economic circumstances at that time, or leaving it to a later date during the term of the loan, depending on the conditions prevailing at that time and if the product is then available. When the mortgage is not in a fixed interest rate period you will be enjoying the benefits of having a variable interest rate home loan where, if interest rates were to fall, you would gain by having the rate on your home loan fall with them.

Collins Securities 5 Year Fixed Rate home loan features

With this particular home loan you will be paying off both the interest and principal at all times and loan mortgage insurance (LMI) can be capitalized. The loan is available on the same terms and conditions throughout Australia, no matter where you, or your home, is located and standard residential first mortgage security is accepted.

The maximum term of the loan is set at 30 years, if that is what you would prefer, but another term can be set during loan negotiations talking into consideration the repayment levels and your ability to repay. This mortgage can be accessed to help pay for properties valued up to $2,000,000 or as low as $10,000 as long as you remember that the maximum loan to value ratio is 95%

Non genuine savings can be included in the deposit payment if you wish to do so. This particular feature can go a long way towards getting you into your own home much faster than you may have first believed possible. It means that Collins Securities are willing to accept payments that make up your deposit other than from savings alone. You can therefore build your savings amount with help from your parents or family or even government grants if you are eligible and not have to wait that extra year or two building your savings as many alternative lenders insist. The savings that you would otherwise be putting towards your deposit can therefore help to pay off the home you have already purchased with a Collins Securities 5 year fixed rate home loan.

These features give good reason why a Collins Securities 5 year fixed rate home loan is a great home loan for individuals and the self employed as well as companies and trusts who are purchasing an established home or constructing a new home from scratch.

Collins Securities 5 Year Fixed Rate home loan account management details

The day to day transactions you may wish to carry out can all be done online from your home, work or even while you are on holidays, at your own convenience, when you have the time available to do so. You can make any additional payments into the account as you can afford to do so and you can also use the online redraw facility to redraw excess funds from the account as you require them. All loan repayments are paid on a monthly only basis.

Collins Securities 5 Year Fixed Rate home loan set up costs

Although there is no annual fee to pay there are some set up costs to consider. For instance there is an application fee of $600, a settlement fee of $275, a loan processing fee of $150 as well as progress inspection fees of $250.

How to apply for a Collins Securities 5 Year Fixed rate home loan

The easiest way to apply for this home loan is online. The Collins Securities online application form has been especially designed for online usage and it can be downloaded to your desktop or you can link into it at your convenience through the Collins Securities website. However you will need the latest version of Adobe Acrobat installed on your computer to be able to do so. Following completion you can email or fax the form along with the required supporting documentation to Collins Securities.

A Collins Securities relationship manager will contact you following receipt of the application to work through any additional information that may be required. If you feel you need more information in the completing of the application form you can open a news article entitled, ‘What lenders look for in an application’. This news article page is available on the Collins security website.

A Collins Securities 5 Year Fixed Rate home loan is the type of mortgage that gives you peace of mind knowing that should interest rates rise at any time through the term of the loan you can have your rate fixed for up to five years without switching loans.

Read the Collins Fixed Rate Home Loan - 5 Year Fixed Rate terms and conditions.

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