If You’re A Doctor, Dentist or Allied Medical Practitioner, You Already Qualify For Fast Home Loan Approval and Preferential Treatment…

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 medical 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 health 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 away one valuable benefit and replacing it with another makes no sense, so happily the answer is ‘yes, you can.’ Your deposit can come from any number of sources: savings, gifts, and the First Home Owners Grant. There is, however, a requirement for a genuine 5% of savings to be used, although even this can be waived in certain circumstances.

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.

Just as you’ll need to see some medical history when diagnosing a patient, a lender will wasn’t to see some confirmation of your financial situation before making you a LMI waived mortgage offer. This documentation is:

Confirmation of your employment as a Medical Practitioner: this may be by way of a copy of your registration with the Medical Practitioners Board of Australia or equivalent body as well as your employment contract;

Where 5% genuine savings are required toward your deposit, then you’ll need to provide three months’ statements to evidence this. (But don’t forget that this requirement may also be waived for you – contact us to discuss this.)

IMPORTANT: This Exemption Is ONLY Available Through Specialist Mortgage Brokers Like Professional Home Loans

As a Medical Practitioner 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.

Discover you can access this special exemption and save tens of thousands of dollars off your loan.
Enquire online or call us on 1300 55 44 97 today