Lenders Mortgage Insurance (LMI) primarily serves to safeguard the lender in case you're unable to meet your mortgage payments. However, given your profession as a medical professional, certain banks recognise your lower risk of default. Therefore, these banks are willing to forgo their LMI premium requirement with a much lower deposit.

90% of the property value ( with no Lenders Mortgage Insurance).

Certain medical professionals may qualify for an LMI waiver, enabling them to borrow up to 90% of the property value, provided they meet specific criteria listed below:

• Annual income exceeding $90,000, including overtime and allowances.

• Employment status can be either full-time or casual.

• Active registration with AHPRA.

• Maintain a good credit rating.

• The loan can be used for purchasing either an investment property or a primary residence.

More than 90% of the property value.

If you want to avoid paying Lender's Mortgage Insurance (LMI) while borrowing over 90% of the property value, you can consider a guarantor home loan. This option involves a third party—usually a family member, friend, or relative—offering a guarantee for the borrower's loan, using their property's equity as security. With a guarantor loan, it may be possible to borrow up to 105% of the property value. For more information, reach out to our expert mortgage team.

Yes we have lenders who will consider 100% of your overtime income. At the time of assessment you may be required to provide the following documents.

• Your two most recent payslips

• Your most recent year's PAYG group certificate

• Occasionally, a letter from your employer confirming consistent receipt of overtime over the past 1-2 years.

Both parties in the home loan don't have to work in the medical field to be eligible for this exclusive offer. As long as one of you meets the job criteria, you can qualify for the 90% LMI waiver.

You'll have access to different mortgage products, including those tailored for professionals, such as variable mortgages with package discounts and fixed-rate options with features like offset accounts and redraw. We will also negotiate a competitive rate with the lenders on your behalf.

Medical professionals are entitled to extra home loan discounts if your borrowing is over $250,000.

The actual interest rate discount will depend on several factors, such as:

• Loan amount: Generally, a larger loan amount results in a more substantial discount.

• Deposit amount: A smaller deposit leads to a higher Loan-to-Value Ratio (LVR) and, consequently, a higher interest rate.

• Professional Package Fee: Many banks provide greater discounts within their professional package offerings, particularly tailored for medical professionals.

We've had the opportunity to work with numerous nurses and medical professionals, and we fully understand your situation. Count on us to secure the best home loan package for you. We manage the entire process, ensuring fast and reliable service. Plus, our 5-star reviews speak to our exceptional customer satisfaction. What's more, our service is completely fee-free.