Taking out a loan for more than 80% of the value of the property would result in high LMI costs, which may go up to tens of thousands of dollars. However, our lenders have excluded medical professionals from needing this insurance, which simplifies and lowers the cost of the road to homeownership.
Key Benefits:
- Borrow up to 95% of the property value without paying LMI
- Only 5% deposit required
- 100% overtime income accepted
- No minimum income requirements
- Borrow up to 95% of the property value without paying Lenders Mortgage Insurance (LMI)
- Only 5% deposit required
- 100% overtime income accepted
- No minimum income requirements
- Borrow up to 95% of the property value without paying Lenders Mortgage Insurance (LMI)
- Only 5% deposit required
- 100% overtime income accepted
- No minimum income requirements
Australian lenders are aware of the distinct value that health care providers offer. They view medical professionals as high-earning, reliable, low-risk borrowers, which makes them an appealing prospective client. Some lenders are so keen to work with medical professionals that they will go over and beyond by providing outstanding bonuses and discounts to get the clients.
The size of your discount depends on:
- Your specific medical profession (doctor, dentist, etc.)
- Industry association membership
- Your income level
- Loan amount
As a professional real estate broker specializing in services for medical professionals in Australia, I can provide tailored advice and facilitate the most advantageous financial arrangements. If you are a doctor or medical professional considering buying a property, please do not hesitate to reach out for a consultation tailored to your unique professional and financial situation.
