“We went overseas during settlement and it was not a problem for them, everything went smoothly and I’m writing this from my new home! “
If you work within the mining industry, you may qualify for a home loan of up to 85% of the property value without the need to pay Lenders Mortgage Insurance.
Depending on the purchase price of the property you’re buying, this equates to a saving of between $5,000 and $20,000. Here at Professional Home Loans we are one of a limited number of brokers who are authorised to offer this type of mortgage to professionals.
Engineers and other professionals working in the mining industry, Please contact us to see if you qualify.
The basis of Lenders Mortgage Insurance is to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised that you, as a practicing mining professional, are far less likely to default on your mortgage than other customers. Because of this, these banks are prepared to waive their LMI premium with a far lower deposit.
Eligibility for this valuable mortgage benefit is not dependent upon both borrowers being employed in the mining profession. So long as one of you meets the eligibility criteria by your employed position, then your need to pay the LMI premium can be waived.
Taking advantage of an LMI waived offer does not limit your choice of mortgage. All of the different mortgage products will be available to you – including loans specifically designed for professional, like variable mortgages with package discounts, and fixed rate offers with features such as offset accounts and redraw. Interest rates on such mortgages are competitive, and there may be discounts of up to 1% on standard variable rates.
A lender will want to see some confirmation of your financial situation before making you an LMI waived mortgage offer. This documentation is: Confirmation of your employment in the mining industry: this may be by way of a copy of your registration with the equivalent professional body as well as your employment contract;
As an employee in the mining industry you have an opportunity only available to certain professionals, but securing such a mortgage is only possible through a limited number of mortgage brokers.
It may be that you want to buy your first home but have less than a 20% deposit; or perhaps you wish to refinance, consolidating some debts; then again, it may be that you wish to purchase an investment property to provide passive income.
Whatever the reasons for your mortgage needs, Professional Home Loans is here to help you source the best mortgage for your particular circumstances. Because of your professional dedication, you may be eligible for take advantage of huge savings from an LMI free mortgage.
Remember, there are only a limited number of firms authorised to offer you these valuable benefits. Here at Professional Home Loans we are leaders in this specialised area.
There is no cost for our service and absolutely no obligation. Enquire now.
Remember, only certain brokers are authorised to provide this special benefit.
Contact us online or call 1300 55 44 97 today to learn how we can help make your hard work and professional experience pay off!
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“We went overseas during settlement and it was not a problem for them, everything went smoothly and I’m writing this from my new home! “
“Couldn’t ask for a better job – until next time (although no time soon, moving was awful). “
“Professional Home Loans has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. They certainly go beyond the call of duty. “
“We were able to get a loan at a good rate and avoid paying LMI which saved us several thousand dollars that we can now put towards other things. Very helpful and informative about all aspects of the process, not just the loan, which we really appreciated as it made the whole thing a lot easier for us.”
“We assisted Arlyn with a 90% Mortgage with No Lenders Mortgage Insurance payable so she could buy a house and land package Thanks so much. All credits goes back to you as you helped me make all this happen. I couldn’t thank you enough for the job excellently done. “