Specialists Finance
Included Professions:
- Accounting
- Legal
Maximum LVR of 90% for maximum loan up to $2.0 million may be approved without the need to obtain mortgage insurance, and Genuine Savings: confirmation and validation of 5% genuine savings is not required for applications whereby mortgage insurance is not required.
Medico Finance
Medico Pack” home loans, is a specialist discounted home loan available to certain medical professionals. Proven statistics, has confirmed that medical professionals have the lower delinquency rate plus a higher than average loan size.
Discounts available
The types of discounts/special deals range from:
- Discounted interest rates
- Discounts on Mortgage Insurance (LMI) or even no Mortgage Insurance
- No set up cost or application costs
- No valuation
- Special interest rate for family members
- Easier cash out (equity release policy)
Features and Benefits
In addition to the above Discounts/Special Deals (i.e. a very competitive interest rate). A Medico Finance loan also has the following features and benefits that you need, both for today and for the future:
- Confirmation and validation of 5 per cent genuine savings is not required for applications
- A maximum loan to value ratio (LVR) of 90 per cent may be approved without then need to obtain mortgage insurance (LMI)
Eligible Medical Profession
- Chiropractor
- Doctor of Medicine
- Dentist
- Pharmacist
- General Practitioner
- Surgeon
- Hospital – Employed Doctors (Intern, Resident, Registrar, Staff Specialist)
- Optometrist
- Radiologist
- Veterinary Practitioner
- Physiotherapist
Acceptable Security Property
The following types of security properties can be provided as security for Medico Home loans:
- Residential properties
- Practice premises that are converted residential houses
Acceptable Loan Purposes
- Purchase Owner occupied and Investment dwellings
- Refinance
- Equity Release and Debt Consolidations