NIL LMI for Medical Practitioners, CPAs & CAs Aug 14, 2018 | Mortgage Insurance Are you a Medical Practitioner, CPA or CA? Did you know you can borrow up to 90% without paying LMI? With selected banks, professionals like Medical Practitioners, CPA’s and CA’s qualify for 90% borrowing without paying Lender Mortgage Insurance. Not only this will save you thousands of dollars, your home finance broker can also access discounted rates not widely publicized by the banks. No LMI for the professionals at 90% LVR! Some professions like Medical practitioners, CA’s, CPA’s have some benefits over the rest of the population when it comes to your home loan. Doctors, as well as other highly paid professionals, may see some extensive savings on mortgage insurance and may find it easier to have their loan approved. To make it much sweeter for professionals, the lenders supports them with the best loan options which are aimed at aiding professionals to grow and consolidate their practices. Banks consider 90% Loan to Value Ratio (LVR) for designated professionals, including Medical Practitioners, Certified Public Accountants (CPA) and Chartered Accountants (CA) where they offer, waived LMI, higher loan limits or even perhaps significantly slashed interest rates. This relaxation is mainly because such professionals seldom falter on their mortgage, have a track record of repaying on time and many a time also borrow higher amounts in comparison to other clients. It will be imperative to note that Lenders Mortgage Insurance is different from Mortgage Protection Insurance, that secures your mortgage repayments in the event of unemployment, sickness, disahttps://www.yourfinanceadviser.com.au/lenders-mortgage-insurance.phpbility or death. If you are in the medical, or accounting profession and want to get into a new home, then call us on 02 8322 6895 / 02 8322 6896 for a fawning discussion with one of our lending specialists.
