Home Loans for Professionals – no lenders mortgage insurance up to 90% LVR
Are you a
According to bank statistics, these professions have the lowest mortgage delinquency rate. Because of this, some lenders allow these specialised professions to obtain loans that other members of the public do not have access to.
What are the advantages?
Most lenders charge LMI on loans greater than 80% LVR.
With the 90% LMI waiver, you will not need to pay LMI
This means you can borrow up to 90% of the purchase price without needing to pay Lenders Mortgage Insurance.
This can save you $$$$$$$$
For example, for the purchase of a home worth $2,000,000 you would normally pay approx. $47,000 in LMI.
Often people look at the best interest rate, however, saving on LMI can save you much more money.
For more information, contact us and we can look at the options available to you.