Collins Securities Variable Home Loan

The most popular home loan with Australian home buyers is the variable interest rate mortgage. Although the interest can be increased without warning, depending much on the price of money at any given time, they can also be lowered just as quickly and on average most home buyers seem content to let competition in the home loan market keep pressure on their respective lenders to not increase their mortgage rates excessively. Collins Securities variable home loan is considered one of the most competitive because this particular financier does not carry the overheads that effect the pricing of the major banks. There is no great marketing budget to worry about nor is there the expense of having to pay a large staff in agencies scattered throughout the country.

A Collins Securities variable home loan (standard)

The Collins Securities standard variable home loan is the basic version of a large range of home loans offered by this particular lender. It is suited to home buyers who are looking for a competitively priced mortgage. It is also popular among property investors and those planning to refinance, who are looking for a cheaper mortgage, because it doesn’t carry any additional features that are found with the offset savings or line of credit home loan. Because of it being a flexible long term principal and variable interest rate mortgage without frills, it is offered at a very low rate. This low interest rate means you can make additional payments when you have the spare cash to be able to do so. A practice that can have your loan paid off faster than planned and save you money at the same time. There is a redraw facility attached however which gives you the ability to withdraw any extra funds you may have invested, should you have the need to do so for some reason in the future.

Collins Securities Variable home loan (standard) main features:

• LMI Capitalisation up to 95 percent.
• Australia wide availability.
• Standard residential first mortgage security.
• Maximum loan term 30 years.
• Minimum loan size $150,000.
• Maximum loan size $1,000,000.
• Maximum loan to valuation ratio (LVR) 95%.

Home buyers who finance their home with a Collins Securities variable home loan (standard) can also choose to repay the loan at interest only for the first one to ten years. This allows you to become settled in you career and become more established yourself before having to pay the full interest plus capital repayments. The withdrawal of cash from the account is limited depending on the amount you have invested but overall it is a mortgage that is ideal for first home buyers, individuals generally and the self employed as well as companies and trusts.

Other features built into the standard Collins Securities variable home loan include the following:

• Online account management.
• Debit card access through EFTPOS and ATM.
• BPAY.
• Weekly, fortnightly or monthly repayments.

There are no settlement fees to pay with a Collins Securities variable home loan and the application fee of $600 includes the valuation and legal fees that are usually costed separately. The usage of the redraw facility is free if you arrange it online yourself but there is an annual fee of $345 to be met as well as early repayment charges.

Online application

Potential home buyers can access a Collins Securities variable home loan by downloading the application form online. The form has been especially designed to be able to be completed online and saved to your desktop or to be linked in to at your convenience.

Personal service a main feature

Once you have accessed a Collins Securities variable home loan you will be provided with your own Collins portfolio manager. You will be given direct telephone numbers and email addresses to ensure you will never be left in a queue. Once connected you will speak to a qualified staff member who will fully understand your personal situation. The Collins Securities internet management option is the best in the business as well as being very easy to find your way around. This ensures you will be able to manage your mortgage whenever you have the time to do so.

Collins Securities entered the Australian home loan market when the Australian Government deregulated the banking industry in 1992. Since then it has successfully challenged the established banks way of doing business. Unlike the banks your loan application is assessed using a flexible lending criteria. This means a lot of effort is put into giving all borrowers personal attention by taking into consideration your individual needs and ambitions. Your home loan is discussed with you on a one-on-one basis that results in you receiving a mortgage that is specifically tailored to fit in with your particular situation.

A Collins Securities variable home loan is a mortgage that is tailored to suit your specific circumstances. It will have features that will come at either very little or no cost as well as a most competitive interest rate. It is available Australia wide and can be applied for online.

Read the Collins Securities Variable Home Loan terms and conditions.

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