Are You A Pharmacist Or Medical Professional Looking To Secure Finance For An Upcoming Property Purchase?
You may not know it yet, but certain lenders are willing to reward you for your qualifications with many preferential benefits, including:
- Deeper discounts off the standard variable rate than are typically offered to non-professionals…
- The ability to borrow up to 90% of your home or investment property’s value with NO Lenders Mortgage Insurance (LMI) requirement (which can save your anywhere from $10,000 to $40,000)…
- Fast, streamlined home loan approval, conducted over phone or email…
In other words, there’s a good chance that you can:
- Speed up the loan approval process
- Eliminate costly upfront fees
- And save on interest for the life of your loan
It’s important to note though, due to the specialist nature of these loans, these benefits are not available through most mortgage brokers.
Professional Home Loans is one of only a small handful of brokers currently authorised by lenders to offer these preferential home loans to recognised professionals.
Why Some Banks Waive Fees & Drop Rates For Pharmacists & Medical Professionals
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 practicing pharmacist, defaulting is very low. Because of this, these banks are prepared to consider waiving the LMI premiums.
What It looks like in practice:
You could top up your existing home loan to 90% and pay no LMI. This would release surplus funds that 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 pharmacists.
These include standard variable mortgages with package discounts, and fixed rate offers with features such as offset accounts and redraw.
Who Qualifies For These Benefits?
Pharmacists who demonstrate that they meet the following eligibility criteria:
- You’ll need to be an Australian Citizen or Permanent Resident
- Your property purchase must be either owner occupied or for investment purposes
- The maximum loan amount is $2 million
What if I don’t meet these criteria?
Don’t despair. 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.
Professional Home Loans Is One Of Only A Select Few Mortgage Brokers Who Can Help You Access These Benefits
Most mortgage brokers simply aren’t allowed to offer these specialised loans to you – even if you meet all of the above criteria.
We’re different. We help medical professionals access these specialty loans every day.
To find out how we can help you, contact us today for a Free 30-Minute Strategy Session.
There’s no cost and no obligation for the session. Our goal is to help you make an informed decision about your lending options and help you access the lowest rates.
30-Minute Consultation For Pharmacists
The 30-Minute Phone Consultation is a free way for you to access one-on-one advice about your personal situation.
During your consultation you’ll speak with an expert who focuses 100% of their time on getting specialty loans approved. Plus, you’ll get a set of clear next-steps for your own home loan application process.
They’ll help you answer these questions and more:
- Can I get approved for a home loan?
- How much can I borrow?
- What deposit will I need?
- What would the interest rate be?
- What would the repayments be?
- How soon can I get approved and get the funds I need?
- Will I need to pay Lenders Mortgage Insurance (LMI)?
The session is conducted by phone or Skype and is completely free of charge and obligation.
What Others Are Saying…
Here is a small sample of what other pharmacists and medical
professionals have said about our strategies and advice:
Working for QLD Health achieved 90% LVR no LMI at normal rates – From UK. Sunshine Coast, QLD
“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.”
On a contracting basis – she got paid roughly 70% of what she billed.
“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.”
No LMI for building home in Sydney as well as 90% LVR no lmi for investment proerpty off the plan in Newcastle.
“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.”
Getting a home loan was really simple with Professional Home Loans.
“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!”
Free Of Cost And Obligation
Unlike most ‘free’ services that are actually thinly veiled sales pitches, when you speak to us you will get our best advice and there is ZERO obligation to engage our services.
Our hope is that by extending ourselves in this way, you’ll get so much valuable expert advice that you’ll consider choosing or recommending our services in the future.
Again, there is no obligation to do so.