Home Loan for Doctors: Special Deals and Savings

No LMI, no valuation and special discounted interest rates - These are just a few of the several benefits offered by lenders to doctors and other medical professionals. Take help of a finance broker and obtain the best home loan package.
By: Singh Finance Pty Ltd
 
Nov. 3, 2015 - PRLog -- If you are in the medical profession paying a standard mortgage rate on a standard mortgage loan, then it is time for you to do a “check-up” on your home loan.

Why you should do a Check-up on your Home Loan?

When you read this informative guide, you will know why you should do a check-up on your home loan and more importantly, you will understand the many special deals and savings that a number of lenders/credit providers are providing to medical doctors and other healthcare professionals.

Why do Medical Doctors and other Healthcare Professionals get Special Deals and Savings on Home Loans in Australia?

You may not be aware that an increasing number of lenders/credit providers are now willing to offer special deals and savings to medical professionals in Australia, because, you are considered to:

• Have a lower than average delinquency rate; and

• Be at a low risk of defaulting on your home loan repayments.

What Special Deals and Savings are available to Doctors and other Medical Professionals?

Certain lenders/credit providers are willing to help doctors and other medical professionals with a number of preferential discounts and benefits. These range from:

• Discounted Interest Rates - Doctors and other medical professionals are being offered discounts off the standard variable interest rate home loan, which is more than what is being offered to many other consumers. It can add up to significant savings over the course of a 25 or 30 year home loan;

• Higher Loan-to-Value Ratio (LVR) - Many specialist home loan packages for medical professionals come with a higher LVR percentage than a traditional home loan;

• Lender’s Mortgage Insurance (LMI) - It can be waived or even no LMI can be considered. Some lenders/credit providers will consider lending you more than 80 per cent of the Loan-to-Value Ratio of the property value. You may even be able to borrow up to an LVR of 90 per cent of the property value and not have to pay LMI;

• Your family members may even qualify for special interest rates;

• No valuation is required;

• You may not have to pay any set up costs and application fees;

• You can have access to easier cash out (home equity release loans); and

• You can receive fast, streamlined loan approval even for the typical “hard loan approvals”.

So, now that you have read the informative guide, you should have a clear understanding of why many medical doctors and healthcare professionals are getting special home loan packages and are also enjoying a host of great features and discounts.

Contact the Expert

If you are looking to buy a home and want to finish the loan process quickly, you can contact an expert finance broker like http://www.singhfinance.com.au . He/she is professionally qualified and licensed in providing specialist home loan assistance to doctors. He/she will help you to negotiate a suitable home loan package and will even help you to arrange finance:

• If you are looking at establishing a medical practice in your local area; or

• If you are looking to relocate to the country and establish a medical practice in a quiet country town.

Singh Finance is a trusted finance brokerage firm for doctors. Contact the firm for up to 90% LVR on home loan for doctors (http://www.singhfinance.com.au/medico-loans). Its team of licensed finance brokers will even help you in obtaining construction home loan for your dream home. Call on 0424 190 908 today or enquire online now.

Disclaimer: This informative guide is of a general nature only and does not constitute professional advice. I strongly recommend that you seek your own professional legal and accounting advice in relation to your particular circumstances.

Contact
Shalendra Singh
admin@singhfinance.com
0424 190 908
End
Source:Singh Finance Pty Ltd
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Tags:Home Loan, Doctors, Medical Professionals
Industry:Financial
Location:Australia
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