Re: Are there any interest only doctor loan with no LMI?
Posted: Mon Jun 11, 2018 2:04 pm
Hi Gonzalez99. Welcome to the forums.
Yes, we can assist you with an interest only doctor home loan as long as the property you're purchasing is for investment purposes, not to live in.
Banks rarely approve an interest only term for properties that the borrower plans to live in. You can read more about how interest only loans work here. Some lenders offer 90% no LMI for chiropractors and other discounts including significantly reduced interest rates and fee waivers
You can save literally thousands of dollars by avoiding the cost of Lenders Mortgage Insurance (LMI)!
By getting an LMI waiver and paying interest only mortgage repayments, you're essentially retaining more of your cash flow for future investments you plan to undertake.
Also, because of your professional status, banks are willing to go above their standard mortgage exposure limits so you can purchase a number of real estate assets quickly. That's if you get sick of buying shares!
To learn more about interest only doctor loans, you can speak with one of our mortgage brokers on 1300 889 743 or complete our free online assessment form.
Cheers,
Yes, we can assist you with an interest only doctor home loan as long as the property you're purchasing is for investment purposes, not to live in.
Banks rarely approve an interest only term for properties that the borrower plans to live in. You can read more about how interest only loans work here. Some lenders offer 90% no LMI for chiropractors and other discounts including significantly reduced interest rates and fee waivers
You can save literally thousands of dollars by avoiding the cost of Lenders Mortgage Insurance (LMI)!
By getting an LMI waiver and paying interest only mortgage repayments, you're essentially retaining more of your cash flow for future investments you plan to undertake.
Also, because of your professional status, banks are willing to go above their standard mortgage exposure limits so you can purchase a number of real estate assets quickly. That's if you get sick of buying shares!
To learn more about interest only doctor loans, you can speak with one of our mortgage brokers on 1300 889 743 or complete our free online assessment form.
Cheers,