“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’re a doctor, you may qualify for a home loan of up to 90% of the property value without the need to pay Lenders Mortgage Insurance. That’s right, just a 10% deposit and no LMI! Depending on the purchase price of the property you’re buying, that equates to a saving of between $10,000 and $40,000. Here at, Professional Home Loans we are one of a limited number of brokers who are authorised to offer this type of mortgage to doctors.
Doctors who demonstrate that they meet the following eligibility criteria:
Don’t despair, because it’s likely we’ll still be able to help you. We may still be able to arrange a home loan up to 85% with no LMI premium payable.
You could top up your existing home loan to 90% and pay no LMI. This would release surplus funds which you can then use to fund the 10% deposit plus costs on a new investment (or owner occupied) property. Providing the total transaction amount is below $2 million, you’ll have no LMI to pay. Not only that, we can source loan products specifically designed for doctors. These include standard variable mortgages with package discounts, and fixed rate offers with features such as offset accounts and redraw.
LMI is designed to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised the chance of you, as a professionally qualified and respected practising doctor, defaulting is relatively low. Because of this, these banks are prepared to consider waiving the LMI premiums.
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.
Only certain firms are authorised to provide this special benefit. Click on your profession to the right to learn more or Call 1300 55 44 97 today to learn how we can help make your hard work and professional experience pay off!
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!
Discover How To Get Approved With A Lower Interest Rate & Save Up To $40,000 In Fees
ENQUIRE NOW“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. “