Can an optometrist get a home loan discount in investment property?

Any general questions you might have in regards to loans and finance.
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Otto Dargan
Mortgage Specialist
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Location: Sydney, Australia
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Re: Can an optometrist get a home loan discount in investment property?

Post by Otto Dargan »

Hi Maharjan. Welcome to the forums.

Yes, optometrists and medical professionals are provided waived lenders Lenders Mortgage Insurance (LMI) by some of the lenders while buying investment properties.

[url=https://www.homeloanexperts.com.au/investment-loans/90-investment-loans/]90% investment loans
is a fantastic offer for doctors and other medical professionals, which enables them to buy several properties quickly with very little of their own money as a deposit.

The banks will allow you to buy multiple properties as investments as long as you remain within their mortgage exposure limits. For professional investors, we can assist you to spread your exposure to several lenders to allow you to pursue your investment goals.

Moreover, the discount on your interest rate will depend on:
  • The amount that you need to borrow.
  • If your loan has LMI waived.
  • If you are a member of the Optometrists Association Australia (OAA).
We know two lenders that may consider waiving LMI for optometrists and other medical professionals.

Please go to our https://www.homeloanexperts.com.au/home ... ts/website for more information. If you want to speak with one of our optometrist loan specialists, then you can call us on our number 1300 889 743 or enquire online.

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

User avatar
Otto Dargan
Mortgage Specialist
Posts: 7730
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
Contact:

Re: Can an optometrist get a home loan discount in investment property?

Post by Otto Dargan »

Hi Maharjan,

Yes, we have some lenders on our panel who will go the extra mile to help you to buy a shop, complete the fit-out. Also, you can purchase specialised diagnostic equipment such as tonometer, ophthalmoscope etc. required for you to operate your clinic.

Some banks will offer special pricing or will lend up to 100% of the cost of setting up your new business.

If you have an established business, then you will need to provide your last two years tax returns and business financials.

For setting up a new optometry practice, you will need to provide:
  • a business plan,
  • evidence of your prior employment and
  • additional documents depending on the lender that you apply with.
Also, there are OPSM franchise loans available!

We are experts in lending to pharmaceutical professionals and know which lenders offer incredible home loan deals including discounted interest rates and waived lenders mortgage insurance. Please enquire online or call us on 1300 889 743 and check if you qualify or not.

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

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