Are there any discounted rates available for accountants?

Any general questions you might have in regards to loans and finance.
Roberto
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Joined: Wed Feb 27, 2019 2:18 pm

Are there any discounted rates available for accountants?

Postby Roberto » Wed Feb 27, 2019 2:20 pm

Hi, I’m a recent IPA graduate who started working for an accounting firm in Autumn. I'm making about 120k p.a. I used to travel a lot for work, but now I’ve got a desk job at the firm. I’ve been meaning to get my own place and have already started looking at property listings; trying to put down roots here in Cronulla. What are the qualifying criteria for a waived LMI home loan for accountants?

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Otto Dargan
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Re: Are there any discounted rates available for accountants?

Postby Otto Dargan » Wed Feb 27, 2019 3:43 pm

Hello Roberto. Welcome to the forums.

Accountants are considered low-risk borrowers by many banks and thus are able to get discounted rates and waived Lenders Mortgage Insurance (LMI) home loans.

The main qualifying criteria for a waived LMI home loan are:
  • Borrow up to 90% of the property value.
  • Purchases and refinances are both eligible.
  • Purchasing multiple investment properties is acceptable.
  • You must be a registered CA, CPA, CFA or FIAA.
  • You must be earning a minimum of $120,000 - $150,000 p.a.
  • Evidence of your degree or industry membership (CPA Australia) may be required.
  • You must meet all standard criteria.

Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a no LMI home loan.

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

Roberto
Posts: 4
Joined: Wed Feb 27, 2019 2:18 pm

Re: Are there any discounted rates available for accountants?

Postby Roberto » Wed Feb 27, 2019 5:12 pm

Let me be straight with you. I don’t think I qualify for no LMI home loans. I’m looking for the best possible interest rate available on the market right now. What’s an interest rate that you can offer me?

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Otto Dargan
Mortgage Specialist
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Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
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Re: Are there any discounted rates available for accountants?

Postby Otto Dargan » Wed Feb 27, 2019 5:58 pm

Hi Roberto,

In cases where an accountant doesn’t qualify for a waived LMI home loan or doesn’t need one (when applying for less than 80% Loan to Value Ratio), we can negotiate a significant interest rate discount on your behalf.

The discounts will depend on:
  • Your loan amount.
  • The percentage of the property value you’re borrowing, also known as Loan to Value Ratio (LVR).
  • Your industry membership and your degree.

Please check our interest rate webpage for the most competitive rates available on the market today.

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

Roberto
Posts: 4
Joined: Wed Feb 27, 2019 2:18 pm

Re: Are there any discounted rates available for accountants?

Postby Roberto » Wed Feb 27, 2019 6:55 pm

Could you give me a list of banks that offer these special rates and discounts?

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Otto Dargan
Mortgage Specialist
Posts: 7391
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
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Re: Are there any discounted rates available for accountants?

Postby Otto Dargan » Wed Feb 27, 2019 7:40 pm

Hi Roberto,

As we are not fully aware of the full details of your home loan, credit history and any issues that may arise in your loan application, we simply don’t know which lenders you qualify with for waived LMI and discounted interest rate mortgages.

Not all lenders offer these special rates and discounts for accountants.

Speak with one of our experienced mortgage brokers who can assess your situation fully and find out which lenders you qualify with for these loans.

Give us a call on 1300 889 743 or fill in our free assessment form today.

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

Roberto
Posts: 4
Joined: Wed Feb 27, 2019 2:18 pm

Re: Are there any discounted rates available for accountants?

Postby Roberto » Thu Feb 28, 2019 11:41 am

Yeah, that sounds good Otto. I’ve filled in the assessment form, give me a call on my mobile after business hours, anytime after 5 is fine.

Cheers.


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