Home Loans for Medical Doctors - Special Discounts, Savings and Benefits!

Feb. 22, 2016 - PRLog -- Medical doctors and other medical professionals are considered "low risk" purchasers by most lenders/credit providers.  So, they are offered special discounts, savings and benefits. Read more about discounts, savings and benefits with this article.

Proven statistics, has confirmed that medical doctors and other medical professionals make regular payments and have the lowest delinquency rates. So, many lenders/credit providers have developed specialised home loans (also known as medico home loans) to attract medical professionals and to fight competition.  This home loan can even help you when you are looking at buying a converted residential house to use as your practice premises. If you are you a medical doctor or other healthcare professional looking for a home loan - why not consider, taking advantage of medico home loans!

Special Deals and Discounts

Lenders/credit providers offer medical professionals special deals and huge discounts on home loans. Here are 7 reasons to choose a medico home loan:

1.    Better interest rate discounts

2.    Discounts on Lenders Mortgage Insurance (LMI) or even waived LMI

3.    No set up costs or application fees

4.    No valuation required

5.    Special interest rate for family members

6.    Easier cash out (Equity Release) policy

7.    Easier home loan approval

Features of Medico Home Loans

A medico home loan is a much better option to choose than the usual home loan as it has two important features that will compel you to choose a medico home loan:

• Confirmation and validation of 5 per cent genuine savings is not required
• Up to a maximum of 90 per cent of the property’s loan-to-value ratio (LVR) may be approved without the need to obtain lenders mortgage insurance (LMI)

Eligibility Criteria for Medico Home Loans

To take advantage of the special discounts, deals and benefits that medico home loans provide you must fit into any one of the following medical professions:

·         General Practitioners

·         Hospital – employed Doctors (e.g. Intern, Resident, Registrar, Staff Specialist)

·         Surgeons

·         Dentists

·         Veterinary Practitioners

·         Pharmacists

·         Optometrists

·         Radiologists, and

·         Physiotherapists

Income Documents

It doesn’t matter if you are an established self-employed medical professional or a PAYG medical professional your income documents are standard, and you only have to provide copies of the most recent Tax Return.

Employment Documents

Lenders/credit providers have made this very easy for you as you only have to provide copies of the following:

• Your University degree or qualification, or
• Your registration with the Medical Practitioners Board of Australia or equivalent body.

So, now you have read this article you should know that medical professionals are  considered by most lenders/credit providers to be” low risk” and that they have made home loans simpler for you by providing medico home loans. Take advantage of your professional status and avail yourself of a medico home loan today.

Seek Expert and Professional Advice

http://www.singhfinance.com.au is a reputed Australian finance brokerage firm that employs a team of professionally qualified finance brokerswho will welcome the opportunity to obtain the best medico home loan package. So, if you are a medical professional (medico) and you are looking for a home loan contact the firm today and their expert finance brokers will start working for you. You can even get pharmacy loan solutions from Singh Finance. Call on 0424 190 908 today or visit their website and simply click on the "ENQUIRE ONLINE" form.