Home Loans For Medical Professionals
In recent years, banks have been targeting medical professionals for a type of loan not available to the public.
We have designed a package to provide insights from years of experience working with doctors and medical professionals .
How much can I borrow?
Apart from 100% waived LMI, our mortgage brokers can help you qualify for the following:
Special discounts: This includes reduced interest rates and home loan fee waivers exclusive to medical professionals.
Home loans for doctors can be used to buy a new property or refinance your existing loan to buy more properties.
Asset protection: Protect your assets and take advantage of tax benefits by purchasing in a company or trust structure.
Why do lenders waive Lenders Mortgage Insurance?
Lenders require most borrowers to pay lenders mortgage insurance (LMI) if they are borrowing more then 80% of the property value. This one-off fee pays for an insurance policy that covers the bank for losses they incur if you cannot repay your mortgage. Lenders see doctors as low risk borrowers.
Their data shows that doctors have a low chance of missing their mortgage repayment because of their strong income and good employment prospects. For these reasons, lenders will often create specific policies for doctors with benefits not normally available to the general public such as 100% waived LMI.
Why do doctors get discounted interest rates?
Home loans for doctors were created for this very reason: lenders are fighting to get your business. For the best results, speak to a mortgage broker who has a special relationship with one of these lenders so they can negotiate a competitive interest rate and a 100% LMI waiver on your behalf.
We have designed a package to provide insights from years of experience working with doctors and medical professionals .
How much can I borrow?
- Borrow up to 90% of the property value with no LMI (a wider range of medical practitioners can be considered).
- Borrow up to $4.5 million to purchase a home or investment property
Apart from 100% waived LMI, our mortgage brokers can help you qualify for the following:
Special discounts: This includes reduced interest rates and home loan fee waivers exclusive to medical professionals.
Home loans for doctors can be used to buy a new property or refinance your existing loan to buy more properties.
Asset protection: Protect your assets and take advantage of tax benefits by purchasing in a company or trust structure.
Why do lenders waive Lenders Mortgage Insurance?
Lenders require most borrowers to pay lenders mortgage insurance (LMI) if they are borrowing more then 80% of the property value. This one-off fee pays for an insurance policy that covers the bank for losses they incur if you cannot repay your mortgage. Lenders see doctors as low risk borrowers.
Their data shows that doctors have a low chance of missing their mortgage repayment because of their strong income and good employment prospects. For these reasons, lenders will often create specific policies for doctors with benefits not normally available to the general public such as 100% waived LMI.
Why do doctors get discounted interest rates?
Home loans for doctors were created for this very reason: lenders are fighting to get your business. For the best results, speak to a mortgage broker who has a special relationship with one of these lenders so they can negotiate a competitive interest rate and a 100% LMI waiver on your behalf.
