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Our award-winning mortgage brokers will find you the right home loan for your situation.
Why are doctors eligible for
Australian lenders see doctors as low risk borrowers with high incomes. Some of our lenders really want your business and are willing to go the extra mile to get it!
The size of the interest rate discount will depend on:
- Your particular medical profession.
- Which industry association you are a member of.
- Your income.
- The size of your loan.
Get LMI waived and accelerate your investment portfolio!
Normally, if you borrow more than 80% of the property value then the lender will charge you a fee known as Lenders Mortgage Insurance (LMI). This can be quite expensive and works out to be around $24,000 for a 90% loan on a $1,000,000 property.
Some of our lenders can waive LMI for doctors, allowing you to buy multiple investment properties or to get your foot into the property market sooner!
What if I don’t qualify?
Some lenders such as Investec have sold their division that specialises in lending to doctors.
Other lenders such as CBA, Westpac, St George, ANZ, Macquarie and NAB have complex policy, pricing and restricted profession lists which make it hard for high income professionals to get the discounts that they deserve.
We can usually help to get your LMI waived and a great rate based on your profession. But if you don’t qualify for waived LMI, we can often still get you an interest rate that’s way below the bank’s Standard Variable Rate (SVR).
What type of doctors and medical professionals qualify?
Anaesthetist, anesthesiologist, cardio thoraci surgeon, cardiologist, clinical pharmacologist, cosmetic surgeon, dentist, dermatologist, ear and throat surgeon, emergency doctor, emergency medicine specialist, emergency surgeon, endocrinologist, gastro intestinal surgeon, gastroenterologist, general practitioner, general surgeon, gp, gp registrar, gynaecologist, haematologist, heart doctor, hepatologist, immunologist, intern (hospital employed), medical administrator, medical practitioner, nephrologist, neuro Surgeon, neurologist, neurosurgeon, obstetrician, gynaecology, occupational and environmental medicine, occupational therapist, ophthalmologist, optometrist, oral and maxillofacial surgeon, orthopaedic registrar, orthopaedic surgeon, otolaryngologist, paediatric surgeon (neonatal / perinatal), paediatrician, paediatrics and child health, pathologist, pediaterecian, pharmacist, physician, physiology, physiotherapist, physiotherapy, plastic surgeon, psychiatrist, radiologist, reconstructive surgeon, registrar, resident, resident medical officer, respiratory / thoracic surgeon, rheumatologist, specialist physician, surgeon, vascular surgeon, vet, and veterinarian.
How our services can help you…
Complete our free assessment form or call us.
We assess your situation.
We look at al the options from our panel of lenders.
We will find you the most suitable deals.
We’ve lent more than $1 billion Australia-wide.
Find out why we are the winner of the ‘Best Customer Service – Office’ category
in the 2015 and 2016 Better Business Awards.
Recently, we were approved for a loan all due to the hard work Preeti put into helping us secure our first family home. Preeti went above and beyond normal working hours and weekends to help us along the process.
– Vanessa, Elwood, Melbourne