Frequently Asked Questions:
I work as an allied health practitioner but my specialisation isn’t listed, do I qualify for special rates and LMI waivers?
This is assessed on a case by case basis, if your specialisation isn’t listed, we will liaise with lenders on your behalf to see if an exception can be made.
Why do medical professionals receive discounted rates and fee waivers?
Medical professionals are viewed by many lenders as stable borrowers with low discrepancy rates. This means those lenders are prepared to offer you great deals to try and win your business.
My spouse is a doctor but I’m not, can we qualify for a medico loan?
Yes, providing your partner is practicing in one of the accepted medico professions and you are applying for a home loan together.
I was a hospital employed doctor but I started my own private practice six months ago, do I qualify for a medico home loan package?
Non medico self-employed borrowers are generally required to be in business for two years before applying for a home loan. However, as you are a medico borrower, we are able to work with the banks to make certain projections and therefore you may be eligible for a medico home loan package even though it’s still a relatively new business.
I am currently on a Temporary Work (Skilled) 457 Visa, do I qualify for finance?
This is assessed on a case by case basis. Often, yes you could still qualify for rate discounts and LMI Waivers.
Didn’t answer your question? Send us a message and we will get back to you shortly.