What home loan benefits Chiropractors can obtain?

Any general questions you might have in regards to loans and finance.
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Otto Dargan
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Joined: Sat Sep 06, 2008 5:55 pm
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Re: What home loan benefits Chiropractors can obtain?

Post by Otto Dargan »

Hi RowdyRuffBwai and welcome to the forum.

Australian lenders consider chiropractors as low-risk borrowers because of their high incomes and professional status. Due to this, chiropractic professionals are in a position to take advantage of exclusive home loan discounts including:
  • Waived LMI: Borrowers are usually required to pay LMI if they’re borrowing more than 80% of the property value. However, as a low-risk borrower, you may be able to have your LMI waived.
  • Interest rates: Chiropractors may be offered higher interest discounts than others with a professional package home loan. The rates are even lower than the already discounted rates offered on a professional home loan package.
  • Higher exposure limits for those with a substantial property portfolio.
Doctors and medical professionalsare in a unique position to get significant interest rate discounts and fee waivers. That’s because they tend to earn higher incomes and approach the bank later in life for a business or investment loan.
You can also discuss things directly with one of our specialist mortgage brokers by calling us on 1300 889 743 or by filling in our free assessment form.

Cheers,
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

User avatar
Otto Dargan
Mortgage Specialist
Posts: 7730
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
Contact:

Re: What home loan benefits Chiropractors can obtain?

Post by Otto Dargan »

Hi RowdyRuffBwai ,

You should be fully qualified and a member of Australian Health Practitioner Regulation Agency (AHPRA) and working full time. All types of chiropractic professionals can reap these exclusive benefits, whether you specialise in Epidemiologist, Neurophysiologist, Kinesiologist, Sports and Animal chiropractor.

Also, note that the amount you could borrow will ultimately depend on:
  • Your registration status with AHPRA.
  • Whether you or your partner are in a situation that sits a little outside of normal bank policy.
  • The size of your deposit.
  • The amount of real estate you plan to purchase.
  • The complexity of your home loan. e.g. trust, self-managed superannuation fund, company structure etc.
If you need help with home loans then please call us on 1300 889 743 or enquire online and one of our mortgage brokers will call you to discuss your options.

Cheers,
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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