Loans for Medical Professionals | Medico loan specialist | Mortgage broker Adelaide
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Medico loans Adelaide
Did you know that if you are a medical professional, you may be able to take out a specialised loan to meet your unique needs? This can include those with roles in general and specialist medicine, dentistry, pharmacy, radiology, veterinary services and more. Lenders tend to prefer borrowers in the medical field because of their stable incomes and high job demand, even during economic downturns, meaning they are unlikely to default on the loan. Eligibility criteria for these loans can be strict, so it’s important to speak with a mortgage broker you can trust, like Jags, to find out your financing options.
The benefits of taking out a Medico loan
With a medico loan solution, you may be able to
- Avoid paying LMI
- Take out a loan with a lower deposit than usual
- Take advantage of a lower interest rate and fees
- Borrow more
To find out more about how this type of loan could benefit you, speak with Jags, your Adelaide mortgage broker, today. He is passionate about helping you secure your financial future with a great loan, so that you can focus on your career and your patients.
Are you a Doctor, Nurse or Medical Specialist and want to save money on your home loan?
The healthcare sector plays a crucial role, and its workforce, including physicians, nurses, and various medical practitioners, frequently encounters distinctive financial hurdles. With their hectic schedules, burdens of student loan debt, and the challenge of juggling professional and personal lives, obtaining a mortgage can seem like an additional barrier.
Fortunately, there’s some encouraging news: numerous lenders provide specialised mortgage solutions designed specifically for the unique circumstances of healthcare professionals.
This can include those with roles in general and specialist medicine, dentistry, pharmacy, radiology, veterinary services and more. Lenders tend to prefer borrowers in the medical field because of their stable incomes and high job demand, even during economic downturns, meaning they are unlikely to default on the loan.
Eligibility criteria for these loans can be strict, so it’s important to speak with a mortgage broker you can trust, like Jags, to find out your financing options.
Normally, if you borrow over 80% of the value of the property, a borrower would need to pay Lenders Mortgage Insurance (LMI).
If you are an eligible medical professional, then you can borrow up to 90% of the value of the property, without paying LMI.
As an example, on an $800,000 property, you could save approximately $13,000 in LMI if you were to borrow up to 90% of the property cost.
In addition, Medico Packages will generally allow you to:
- Borrow up to 105% of the property value,
- Qualify for discounted interest rates, and
- Either use the borrowed funds for purchasing a home or refinancing your current loan
Talk to us about your eligibility and what you need to do to apply.
Call our team today on 0451 956 659 in Adelaide to speak with our team and book a free appointment.
The benefits of taking out a Medico loan
With a medico loan solution, you may be able to
- Avoid paying LMI
- Take out a loan with a lower deposit than usual
- Take advantage of a lower interest rate and fees
- Borrow more
To find out more about how this type of loan could benefit you, speak with Jagdish, your Adelaide mortgage broker, today. He is passionate about helping you secure your financial future with a great loan, so that you can focus on your career and your patients.
Call our team today on 0451 956 659 in Adelaide to speak with our team and book a free appointment.
Home loan information
Read more about a variety of home loan information in our free downloadable guides.
As a medical professional looking for the right financial solution,
Jags Lakhani is the right person to talk to about the right solution for you.
Call Jags Lakhani on 0451 956 659
Email Jags HERE
Jags can also assist you with:
The right home loan for your needs
Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~
