That’s BOQ Specialist’s policy for doctor home loans. There are other lenders on our panel of lenders who lend with a similar structure but with better terms. For example, 90% with standard home loan rates and 30-year loan term while the remaining 10% is at a rate of 6-7% p.a., 15 years term with up to 3 years in interest only. This works out cheaper than BOQ’s doctor home loans.
With a home loan for doctors, you can:
Borrow up to 95% of the property value or up to 100% with select lenders.
Access significantly reduced interest rates and fee waivers.
Speak with one of our specialist mortgage brokers by giving us a call on 1300 889 743 or by filling in our free assessment form to find out if you qualify for a 100% waived LMI doctor home loan.
Lenders are cutting each other to get business from doctors and they exclusively offer special interest rates and products not generally available to the public.
Here are some golden tips to help you maximise your discounts:
Make sure you specifically ask about doctor home loans.
If you’re borrowing over 80% of the property value, then it’s best to focus on getting 100% waived LMI.
If you’re borrowing less than 80% of the property value then you’ll not pay LMI, so it’s best to focus on getting a competitive interest rate discount.
Intern doctors, veterinarians, optometrists, pharmacists, chiropractors and physiotherapists are only acceptable to some lenders.
We specialise in 100% no LMI doctor home loans.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a medico loan with competitive interest rates discounts.