If you are a doctor, you may be able to get a house loan for up to 90% of the property value without having to pay Lenders Mortgage Insurance.
Home Loans for doctors have substantial advantages, such as lower interest rates that are not available to regular house loan applicants. As a result, medical professionals can save money and become home owners much sooner than they might have anticipated.
Our Mortgage Experts have extensive experience navigating loans for Doctors and Medical Professionals.
Medical practitioners able to borrow up to 90% of the purchase price without paying lenders mortgage insurance (STLA), and up to 100% for clinic or business fit out.
Medical practitioners can get discounted interest rates and save money on monthly payments and recurring fees.
Borrow a higher percentage of the property's worth, start with a low investment, and expand your property possibilities.
Your financial status as a doctor or medical professional may be unusual, with many lenders appreciating your profession’s high income potential and work stability.
You may be eligible for home loan savings and LMI waivers as a registered practitioner. Our brokers work with a large number of lenders, many of whom have special loan policies for doctors.
Doctors, nurses, pharmacists, and dentists (as well as allied health professionals such as physiotherapists, occupational therapists, and speech pathologists) are all eligible.
Relevant qualification needs to be verified via Australian Health Practitioner Regulation Agency (AHPRA) website and subject to individual eligibility lists by lender.
Medical practitioners able to borrow up to 90% of the purchase price without paying lenders mortgage insurance (STLA), and up to 100% for clinic or business fit out.
You may find that trying to navigate the complexities of your home loan agreement and making heavy interest payments every month can be stressful. Talking to a Home Loan Specialist may simplify things and potentially free you some additional funds.
Our Mortgage Brokers can help you get pre-approval for a home loan so you may bid with confidence, knowing your finances are in order.
Get the best Home Loan you can with expert lenders who model the Home Loan around your needs.
Refinancing can help you get better interest rates on your home loan and make quicker repayments.
Avoid paying the LMI when you are taking more than 80% of the Property Value as a loan, talk to use today.
If you are a doctor or a medical practitioner, our experts will design a customised property wealth plan to chart your course to success.
Smart Mortgage Finances is built on the qualifications and over 22 years of Nick’s financial experience. As a mortgage broker in the Hills District, we are committed to finding the right mortgage with the maximum possible savings passed to the clients.
The personalized study of the individual’s financial profile, together with offers from over 30 lenders, allows us to obtain a high degree of success in providing the tailored solution.
As a professional in your field, you appreciate the advantages of specialisation in a medical context. The same is true for your financial situation. When arranging financing, structuring debt, and selecting the correct product, it pays to engage with an experienced, professional mortgage broker.
Certain occupations in the medical field are eligible for a doctor or medico house loan package. These unique home loan options have lower interest rates, need a lower deposit, and may not require LMI.
LMI is intended to protect the lender from the danger of mortgage default by its customers. However, some lenders have recognised that the likelihood of you failing as a properly certified and reputable practising doctor is relatively low. As a result, some institutions are willing to consider waiving LMI surcharges.
Please don't give up hope; we may yet be able to assist you. We may still be able to secure a house loan.
We Are One of Australia’s Reliable and Trusted Home Loan Service Providers
16 Arnold Place, Glenwood NSW – 2768
Phone: +61 411-584-462 | Email: info@smartmortgagefinance.com.au
Credit Rep Number – 517750 | ABN – 30620735748