Home Loans for Doctors and other medical practitioners are now available to 90% LVR WITHOUT the requirement to pay lenders mortgage insurance. Lenders mortgage insurance can cost many many thousands of dollars depending on the purchase price so this a great news for those that are in one of the professions highlighted below.
How Much Deposit Do I Need to Qualify for the No LMI Policy?
Eligible doctors of medicine will require a 10% deposit plus costs like stamp duty and legals. The first home owners grant can be used as part of this deposit.
What Professions are Eligible for the LMI Waiver?
Why are Doctors Eligible for a Home Loan to 90% LVR without Lenders Mortgage Insurance?
Doctors and medical practitioners are seen to be very low risk by the banks. As such, the risk of default on the mortgage is considered low so the requirement to pay the lenders mortgage insurance premium is waived.
More information on Doctor Home Loans with No LMI here.
Kyle MeehanWe had an exceptional experience with Justin. His patience throughout the process was remarkable, always taking the time to explain every detail and answer our numerous questions. He kept us informed at every step and ensured we understood all our options. His support throughout, and post completion, was invaluable, making us feel confident and secure in our decisions. We couldn’t have asked for a better partner in securing our mortgage. Highly recommend!
Ari & Nadene ThomasWe recently worked with Justin refinance our loan. This is the 2nd time working with him and both times have been a pleasure.
Justin has always gone above and beyond to assist us to ensure we get the best possible service. Not only does he show a professional attitude toward his role, but he also shows a genuine interest in our family to assist with our financial matters.
I would have no hesitation in recommending Justin to people important in my life.
Matthew KGreat communication from Justin who helped through a fairly tumultuous time in our lives. We genuinely appreciated the hand-holding and methodical approach they used to help us secure out first home.
Yours sincerely Matt, Kit and our new baby Sapphire ❤
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