Homeownership for healthcare professionals can prove to be elusive for a long period, as most lenders require a minimum deposit of 20% of the property’s value, before they will offer a mortgage loan without imposing a fee for Lender’s Mortgage Insurance (LMI).

As you can see from the following table, LMI can be quite substantial.

 

 

Sometimes, all that stands between you as a healthcare professional, and your dream of earlier homeownership, is the requirement to pay LMI.

Right now, via Oz Lend, the opportunity is available for all healthcare professionals to borrow up to 90 % of a property’s valuation, without being required to pay LMI.

This means that as a healthcare professional, if you can fund ten percent of a property’s valuation from your own resources, you are most likely in a position to become a homeowner now, rather than at some point in the distant future.

At Oz Lend, we understand the desire to own your own home sooner rather than later. As a trusted mortgage broker, we can help you to get a home loan with just ten percent deposit and without the requirement to meet the high cost of Lender’s Mortgage Insurance.

 

Understanding the Uncertainty

 

 

 

Healthcare professionals often feel hesitant about borrowing with a Loan to Value Ratio above 80%, mainly due to the substantial extra costs such as Lender’s Mortgage Insurance. Nevertheless, with Oz Lend’s expert guidance, you can overcome this uncertainty and realize your dream of homeownership sooner than anticipated.

 

 

Analysing the Uncertainty

 

 

There’s a common misconception among healthcare professionals that only Registered Medical Practitioners (Doctors and Specialists) are eligible to borrow up to 90% of a property’s value without incurring Lenders Mortgage Insurance (LMI).

This belief may deter other healthcare workers from investigating their borrowing possibilities. Additionally, the prospect of paying substantial LMI fees, which can amount to tens of thousands, is often viewed as a considerable financial strain.

This is particularly true when these costs are added to the other expenses related to purchasing a property and the ongoing expenses of owning your own home.

 

The Solution: Borrow 90% of Property’s Value Without Paying Lender’s Mortgage Insurance

 

 

Oz Lend has access to more than 30 lenders, many of whom offer specialized credit policies designed to assist all healthcare professionals in achieving homeownership sooner.

 

While major banks typically restrict professional packages to doctors, Oz Lend’s agreements with certain lenders enable us to secure loans with only a ten percent deposit and no requirement for LMI, for all healthcare professionals.

 

 

How We Help You Achieve Earlier Home Ownership

 

 

 

Personalized Advice: We provide tailored guidance to help you navigate the borrowing process with confidence.

Access to Specialized Lenders: Our extensive network includes lenders who offer competitive terms and policies designed for healthcare professionals, ensuring you receive the most beneficial loan options available.

CoreLogic Property Updates: With access to CoreLogic Property Updates, you stay informed about the latest property trends and market dynamics, empowering you to make knowledgeable decisions about property acquisitions or future mortgage refinancing.

 

Your Path to Earlier Homeownership for Healthcare Professionals Starts Here

 

Melbourne Finance Brokers

 

Don’t let uncertainty regarding loan eligibility or insurance concerns hold you back any longer from achieving your dream of earlier homeownership.

Using our expertise and personalized service, Oz Lend will guide you through the process of borrowing with only a ten percent deposit and with a waiver of LMI fees.

Act now to make your dream of earlier homeownership a reality.