Any general questions you might have in regards to loans and finance.
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Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
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Contact:
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by Otto Dargan »
Unfortunately, lecturers or university professors do not qualify for
100% waived LMI (Lenders Mortgage Insurance) home loans available to certain professionals who meet
specific requirements. However, you can still be eligible for an 85% home loan with no LMI and qualify for discounted
interest rates.
To qualify:
- Your loan must be no more than 85% of the property value (85% LVR).
- You have a perfect credit history.
- You’re buying a property (refinancing to purchase a property may be accepted).
- You don’t need to be in a certain profession.
- Max $1,000,000 loan size.
- Max $1,500,000 in total loans with no LMI.
- Major metro areas only.
- If the security property is in Sydney, the combined income of all borrowers must be over $180,000 (excluding rent income).
Call us on
1300 889 743 or complete our
free assessment form to find out the full criteria.