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Rhys B.
Rhys B.
Bassendean, WA
5 Likes
3 Followers

Can someone please advise the advantages doctors get with homeloan mortgages, and/or point me in the direction or a broker/financial advisor in Perth that specialises in doctor loans?

8 years ago
Comments

A few more things to add are you need to consider are structuring the loan correctly for asset protection, getting a banking structure with features that will add value to you and your family (and your business) and for you to work with a broker that understands the complexity of a doctors earnings in order to maximise borrowing potential.

Although we are in different states I'd still be happy to help.

Any questions let me know.

Responses

Hi there, some lenders have a medico policy which allows medical related professions to borrow at a higher rate, up to 90% with no LMI. Most brokers in Perth can assist with this.

Hi Rhys,

There are lenders that cater for the medico industry with a 90% no LMI lend available. There are other factors taken into consideration also, such owner occupied or investment, fixed or variable rate and anything else you require from your mortgage?

Hope this helps!!

Hi Rhys, In truth, there is no such thing as Dr's Loans. All lenders will welcome you with open arms. You are considered a Prime Low Risk Borrower so some lenders give you special perks like:
A. Special rate discount above what's on offer for ordinary clients
B. High LVR (Loan to Valuation Ratio)
C. LMI (lenders Mortgage Insurance) waiver up to 90%. Ordinary folks pay this as soon as their loan goes above 80% LVR but Drs with the appropriate Dr friendly lenders pay this insurance when they borrow above 90% of the value of the property.

If you value face to face contact, then you may need someone closer but I'd be happy to help. Drs more than other clients need a broader vision strategy because so much changes as your practice grows over the years.
Bulelwa Freer 0414973236

Hi Rhys most mortgage brokers have this information you just need to talk to a broker who will provide all this information to you.

Hi Rhys, although I'm not based in Perth we have a large number of clients based there and a high proportion of doctors on our books. Happy to discuss, regards Ariel 0433132331

Hey Rhys,

Depending on your profession, you may be eligible for the Medico package. Which means you are able to borrow 89.99% without having to pay Lenders Mortgage Insurance (LMI). This package comes with an annual fee of $395.
Last week I assisted my client with purchasing a property valued at $1.6m and I saved them over $40,000 by waiving LMI.

Don't hesitate to ask if you have any questions!

Best regards,
Berti Financial
1300 421 587
www.bertifinancial.com.au

Hi Rhys, one big advantage is no lenders mortgage insurance up to 90% of purchase price of home.
We are local and can give you credit advice around the product package.
Just call or visit www.diversifi.com.au

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