Last Updated: 3rd August, 2017

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Home Loan Discounts For Accountants

Published by Otto Dargan on July 23, 2014

As an accountant you know how to properly manage the financials of people and businesses. But what if we were to tell you that you could be missing out on incredible discounts on one of the biggest debts you will ever have: your home loan.

Thanks to special relationships that we have with our panel of lenders, these discounts are available to:

  • Accountants
  • Finance managers
  • Auditors
  • Actuaries

Most Australian lenders consider borrowers in these professions as low risk borrowers with great incomes and are willing to offer more to get your business.

What are these benefits on offer to accounting professionals?

Well, you could get an interest rate that’s way below the bank’s standard variable rate, especially if you have a strong asset position. The size of this discount will also depend on the size of your loan and which industry associations you are a member of.

While most borrowers are required to pay lenders mortgage insurance (LMI) if they borrow over 80% of the property value, this fee can be waived if you’re an accountant!

Just to give you an idea, you could be spared from paying up to $24,000 in LMI for a 90% loan on a $1 million property. Not convinced? Use our LMI Calculator to find out how much in mortgage insurance you would have to pay for your dream home.

Do you want a home loan?

If you want to save your hard-earned cash then call us today on 1300 889 743 today or fill in our free assessment form. Our mortgage brokers can find you the best home loan that suits your needs!