Collins Securities Specialist Variable

If you are a potential home buyer who has occasioned a period in your past where your credit rating has become impaired for some reason and as a result have been getting your home loan applications declined, all may not be lost just yet. A Collins Securities Specialist Variable home loan has been set up to make home buying easier for such people. You will however have to come up with convincing evidence of why you have been tardy in the past with former loan repayments, as well as confirm , by providing evidence, that you are now in the position to act more responsibly in the future, before you are given that ’second chance’ to redeem yourself.

Many lenders are very wary of approving home loans to people who have experienced hardship in repaying their debts in the past. They will reject home applications from such people outright, without even entering into any discussions as to what the circumstances were at that time. Collins Securities understand that financial situations can change throughout life and if you have a sound explanation of what happened in your particular case they are prepared to listen to you.

The main features of a Collins Securities Specialist Variable home loan consist of the following:

• It is a variable principal and interest home loan that is repayable on a monthly basis, however if you need to pay interest only, this can be arranged for a period but only if you are a property investor.
• You can have your credit risk fee capitalized.
• The Collins Securities Specialist Variable home loan is available under the same terms and conditions to all successful applicants anywhere in Australia, no matter where you live, or where the property you are buying is located.
• Standard residential first mortgage security is acceptable as full security for the loan.
• This mortgage can be taken out over a maximum term of 30 years and the minimum amount loaned is $50,000 but loans will be given to a maximum loan size of $1,000,000 as long as the maximum loan to value ratio (LVR) does not exceed 90%.
• Cash out arrangements can be arranged.

If you are either an individual home buyer, a self employed person or a company or trust who is either planning on buying, investing or looking to refinance your existing home loan, this mortgage could well be what you have been looking for.

Collins Securities Specialist Variable home loan account management details:

• You can self manage this particular home loan account in your own time whenever you have the time set aside to do so, with the easy to navigate online facility.
• You can pay additional funds into the account whenever you have the money available and you can also redraw any excess money from the account when the need arises. You can do this through using your debit card feature at any ATM or EFTPOS.

Set up costs for a Collins Securities Specialist Variable home loan

There is no settlement fee to pay and online redraws are free but there other set up costs involved that include the following:

• An application fee of $600, although the valuation fee and legal fees are included in this amount.
• A title insurance fee.
• An early repayment fee if you want to pay the mortgage out before the time agreed to in the terms and conditions of the home loan.

How to make application for a Collins Securities Specialist Variable home loan

The easiest and most common way for home buyers to apply for a Collins Securities Specialist Variable home loan is to do so online. The online application form has been especially designed for this type of application but you will need the latest version of Adobe Acrobat in order to download it to your desktop.

Alternatively you will be able to link into it at your convenience on the Collins Securities website. Once completed you can either email or fax it to Collins Securities. When the application is received at Collins Securities a relationship manager will contact you to go over it with you and to work through any additional information that may be required.

You can also ask your mortgage broker to go through a Collins Securities home loan with you to find the most suitable mortgage to suit your particular situation if you feel you would be more comfortable with this type of approach. Collins Securities has risen to the top of non-bank lenders in Australia because of the wide range of low interest home loans and personal service they provide to all their borrowers.

A Collins Securities Specialist Variable home loan is just what you need to get back on your feet to re-establish yourself as a credit worthy home buyer. Many people’s financial circumstances change over time and this is recognized by giving a second chance to those who are felt worthy.

Read the Collins Securities Specialist Variable terms and conditions.

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