LOAN SPECIALS FOR MEDICAL PROFESSIONALS
Special Treatment for Medicos - Mortgage Insurance waivers!
LENDERS MORTGAGE INSURANCE WAIVER
- This policy potentially saves you thousands of dollars and makes the assessment of your application, easier, quicker and smoother!
- This is where the lender approves your loan up to 95% of the property's value and waives the requirement for Lenders Mortgage Insurance (LMI).
- Tier 1 Medicos - 95%LVR no LMI / Tier 2 Medicos up to no 90%LMI
Property development loans
- 75% to 80% LVR on end value of development.
- 90% LVR of land value for projects up to $15m
- No pre-sales required!
- Most securities and locations considered including regional & seaside!
- Rooming houses, childcare centres, etc. all considered
Call Chocolate Money on 1300 137 539
Tier classifications
LENDERS MORTGAGE INSURANCE WAIVERS
Tier 1 - Doctors, dentists, GPs, Medical Specialists, Hospital employed doctors (Intern, Resident, Registrar, Staff Specialists)
- No minimum income requirements
Tier 2 - Audiologists, Chiropractors, Midwives, Registered nurses, Occupational Therapists, Osteopaths, Physiotherapists, Podiatrists, Psychologists, Paramedics, Radiographers, Sonographers, Speech Pathologists, Optometrists, Pharmacists, Vets.
- $90k pa minimum income requirement
Special Treatment for Medicos
BETTER RATES & POLICIES
- Medical Professionals have access to lower interest rates, lower fees and more flexible lending policies to others.
- This helps with borrowing more under better terms and potentially saving thousands of dollars!
100% loans
We have access to loans which provide:
- 100% of the funds to buy the land
- 100% of the construction costs of your practice
- 100% of the fit-out for your practice
Unsecured loans
If you want to buy-out another practice, we can provide 100% buyout funds on an unsecured basis.
This is also known as goodwill lending
No assessment required loans
- We can fund the purchase of assets
- Up to $150,000 without income assessment.
- Only requires proof of owning a property & a clean credit record.
- Auto-approval in most cases
No BAS / No tax returns required!