Please contact us anytime.
We are open 7 days a week. Please contact us on 0411 229 602 or email troy@pmbg.com.au
Welcome to Perth Mortgage Broker Group
Helping With Your Dream Home
Welcome to Perth Mortgage Broker Group. We are a mortgage broking business located in Yokine, Perth. We offer a variety of home loans with many banks and lenders and we are open seven days a week. Our contact number is 0411 229 602 or email troy@pmbg.com.au.
Mortgage Insurance Waiver Home Loans For Professional Occupations
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Mortgage Insurance Waiver Home Loans For Professional Occupations?
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With most banks and lenders when borrowing the funds to purchase a property, if you would like to borrow more than 80% of the property value, then they will also have your home loan mortgage insured, which will incur a mortgage insurance fee. Mortgage insurance is insurance that protects the bank if something happens and your home loan doesn’t get paid. I have written an article on mortgage insurance here (LMI) – What is lenders mortgage insurance?
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Some of the eligible professions might be eligible for a mortgage insurance waiver home loan where a client might be able to borrow up to 90% of a property value and not pay a mortgage insurance fee.
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With some medical professions to, you might be eligible to borrow up to 95% of the property value and not pay a mortgage insurance fee. I have written an article on Medico home loans here - What are Medico home loans.
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This could be a big saving and is generally available with both owner occupied and investment property home loans.
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Some professions or occupations that might be eligible for an LMI waiver home loan –
Non Medical Professions –
- Lawyer
- Actuary
- Chief Financial Officer
- Auditor
- Accountant
- Barrister
- Solicitor
- Judges
Medical Professions -
- Cardiothoracic Surgeon
- Clinical Pharmacologist
- Cosmetic Surgeon
- Dentist
- Dermatologist
- Ear and Throat Surgeon
- Emergency Surgeon
- Endocrinologist
- Pharmacist
- Veterinarian
- Nurse
- Midwives
When a bank considers a mortgage insurance waiver home loan, they may require you to be currently working in the role. They may also require professional body membership registration, for example a doctor or nurse would need to be registered with AHPRA, or an accountant may need to be a member of CPA Australia or another membership body.
The bank or lender may also have minimum income requirements too.
If you do have any questions at all about Lenders Mortgage Insurance waiver home loans, please have no hesitation contacting me here - Perth Mortgage Broker Group, or call Troy on 0411 229 602 anytime.
Construction Home Loans
If you are thinking of building a new home, we have many construction home loan options available.
Perth Property Reports
As part of our service, we are offering free Perth property reports on as many properties as you like.
First Home Buyers
We have a range of home loan options, and also help with applying for the Australian Government 5% deposit scheme and the first home owners grant.
Buying Your Next Home
If you are thinking about buying your next home, we can help with a variety of different options.
Investment Home Loans
We have many investment home loan options available if you are thinking of purchasing an investment property.
Compare Your Home Loan
Our obligation free online home loan health check may help you save some money, even on your existing home loan.
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0411 229 602
troy@pmbg.com.au
7b Spencer Avenue, Yokine
WA, 6060