From the Classroom to Your Own Home – With Just 5% Deposit!
Borrowing more than 80% of a property’s value entails paying Lenders Mortgage Insurance (LMI), which can cost around $15,000 on a $1M property at 90% LVR.
Lenders, however, view teachers as reliable, low-risk borrowers. Some lenders are even happy to waive LMI entirely for teachers, even if you are borrowing up to 95%.
That means big savings and a smaller deposit. You might also be eligible for other teacher-specific home loan benefits
Which Pharmacy Professionals May Be Eligible?
A – G
- Early Childhood Educators
- Education Consultants
- Instructional Designers
- Curriculum Coordinators
- Education Administrators
H – N
- High School Teachers
- Lecturers
- Librarians
- Music Teachers
- Learning Support Staff
L- Z
- School Counsellors
- Special Education Teachers
- Student Support Officers
- TAFE Educators
- Teacher Aides
- University Academics
- Vocational Trainers
- Regional and Remote Teachers
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They had a good understanding of different banks and their offering to doctors (e.g., 90% or 95% LVR without LMI, contractor requirements, etc.) They were able to negotiate a very competitive loan, which was complicated by factors such as maternity leave. Would highly recommend!
The whole team has been fantastic to work with throughout the entire process. Nothing was too much trouble for them and they did everything they could to find the best mortgage deals for us. Great follow-ups, accountability and clarifying of information. Will definitely use this team again and would highly recommend HLE to anyone.
My family and I would like to thank Home Loan Experts for assisting us in securing a home loan and realising our dream of purchasing our first home in Melbourne. They are very professional and gave sound advice throughout the journey. Thank you to the broker and their team.
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