Collins Securities Specialist Variable Low Doc

A Collins Securities Specialist Variable Low Doc home loan is a comprehensive mortgage that is designed to cater for home loan applicants who do not have the usual amount of supporting evidence that is traditionally required when applying for such loans.

It is normally accepted by most lenders that a home loan applicant show evidence of being able to save over a prolonged period of time as well as produce evidence of regular earnings. This has been traditionally done by the applicant submitting documentation showing employment history and earnings over a certain period as well as a number of taxation returns.

A Collins Securities Specialist Variable Low Doc home loan gives potential home buyers such as self employed and casual workers, who may encounter difficulty in documenting regular earnings, or who might delay submitting their taxation returns, a way of avoiding such requests that would otherwise prevent them from borrowing money to enable them to buy their own home.

A Collins Securities Specialist Variable low Doc home loan is also designed to assist people who may have occasioned a credit impairment sometime in their past that is still preventing them from having their home loan applications accepted today, despite them overcoming the reason for their slow payments of their debts previously. Collins Securities will listen to an explanation of past financial hardships and if you can provide sufficient evidence that the situation has now changed you will have your home loan application considered. With Collins Securities Specialist Variable Low Doc home loans there is always the opportunity for you to regain your lost credit worthiness as well as buy your own home with less documentation than is traditionally required.

Collins Securities Specialist Variable Low Doc home loan features

The main feature of this particular home loan is that it is a simple straight forward variable interest rate home loan that is repaid monthly on a principal and interest basis, although interest only repayments can be arranged for investors, other features include the following:

• Your credit risk fee can be capitalized and it is available to all eligible home buyers in Australia no matter what locality the home being purchased is in, or where you yourself may live, with standard residential first mortgage security accepted.
• The maximum loan term is over a period of 30 years and although the minimum amount you can borrow is $50,000 you are able to borrow up to a maximum of $1,500,000, keeping in mind the maximum loan to value ratio (LVR) is 85%.
• A cash out facility is also available.
• It is a home loan found suitable for individuals, self employed, companies and trusts for the purpose of purchasing, or investing in property, as well as for those wishing to refinance into a home loan with a more competitive interest rate.

Collins Securities Specialist Variable Low Doc account management details:

• Online management is available, a feature that allows you to make transactions at any time of the day or night, whenever it is convenient for you to do so.
• You can make additional payments into the account as you have the money available and you can also use the redraw facility to gain access to any excess money, if the need should arise.
• You will be able to access these extra funds via a debit card through ATM’s and EFTPOS.

Collins Securities Specialist Variable Low Doc home loan fees and charges

There is an application fee of $600 that includes valuation and legal fees. There is no settlement fee and the online redraw facility is free of charge. There is a title insurance fee and you will also be expected to pay a charge for early repayment of the loan.

Application for a Collins Securities Specialist Variable Low Doc home loan

It is convenient and easy to apply for your Collins Securities Specialist Variable Low Doc home loan online. The online application form has been especially designed for this purpose and it can be saved to your desktop or linked into on the website. However, you will need to have the latest version of Adobe Acrobat installed.

A relationship manager will contact you once the application is received at Collins Securities to work through any additional information that may be required.

A Collins Securities Specialist Variable Low Doc home loan is a home loan designed specifically for home buyers who for some valid reason or another cannot put together the supporting documentation required to support a more traditional application. It is also useful to those who have previously experienced financial hardship.

Read the Collins Securities Specialist Variable Low Doc terms and conditions.

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