Collins Securities Low Doc Refinance 80

The availability of a Collins Securities low doc refinance 80 home loan is a welcome addition to its wide range of home loans. Many a home buyer has heard about a home loan that offers cheaper interest rates than the one they are presently contracted to but have been hesitant about switching because of the hassle and inconvenience involved. The answer has arrived with the Collins Securities Low doc Refinance 80, a home loan especially designed to service the wants and needs of dissatisfied home buyers Australia wide, as it is a competitively priced low documentation loan for no more than 80 percent of the value of your residential property. With this particular home loan you are now able to refinance with confidence from a lender who you feel is charging you too much. It is a flexible home loan that consists of repayments of variable interest rates and principal over a maximum term of 30 years. It allows you to pay additional payments when the money is available and also to redraw excess funds if the need to do so should arise sometime into the future.

Some of the main features of a Collins Securities Low Doc Refinance 80 mortgage

This particular home loan gives you a credit risk free Capitalization and is secured with a standard residential first mortgage. It can be obtained to cover a home value as little as $50,000 to a maximum of $1,500,000 with a maximum loan to value ratio (LVR) of 85%. If it is obtained for investment purposes only you can enjoy an interest only feature but this is not available otherwise. You can invest additional payments into the account whenever you wish an you are equally able to redraw such excess money for any purpose when the need arises. This is why it is particularly useful for individuals, property investors, companies and trusts who wish to undertake the refinancing of their existing home loans.

Collins Securities Low Doc Refinance 80 account management

This rather special home loan can be managed by yourself online 24 hours a day seven days a week throughout the year and repayments are made monthly. Valuation and legal fees are included in the application fee cost of $600. There is no settlement fee to pay, no annual account keeping fee to pay but there is an early repayment fee if you should want to pay the loan out before the contracted time to do so and there is a title insurance fee.

Applying for a Collins Securities Low Doc Refinance 80 home loan is easy

There are many ways to make application for a Collins Securities low doc refinance 80 mortgage but the easiest and most convenient is online. You simply have to download the application form from the Collins Securities web site and complete it in your own time. The form has been especially designed to be filled out online where it can be saved to your desktop or linked into at your own convenience at the Collins Securities website.

However in order to access the application form online you will have to have the latest version of Adobe Acrobat installed. If you happen to require any further assistance while completing the application form you will find, on the Collins Securities website, a news articles page, if you open the article entitled ‘ What lenders look for in an application’ you should find your answer. Once the application and the required supporting documentation has been received by Collins Securities, you will be contacted by a relationship manager who will work through the application with you and clear up any additional information that may be required.

Collins Securities low doc refinance 80 home loans are a specially designed home loan that is intended to cater for those looking to refinance their existing mortgages, should they be dissatisfied with their old loan for any reason. It is a competitive mortgage that gives back to the home buyer what Collins Securities is saving by not having to pay out large marketing programs and high overhead costs as do many of the larger lenders. Money used by Collins Securities is sourced from the same places as do the major banks but the difference in being able to offer a product such as this at a lower interest rate than most other lenders is the result of technology changes and the deregulation of the Australian banking system in 1992. Since its inception in 1992 Collins Securities has grown to become one of the largest non-bank lenders servicing Australian home buyers.

Collins Securities low doc refinance 80 home loans are providing a means by which borrowers can carry out what the Australian Government has been asking them to do if they feel they are paying too much in interest on their mortgages. Switch to another lender who offers a better deal.

Read the Collins Securities Low Doc Refinance 80 terms and conditions.

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