Pay No Lenders Mortgage Insurance

By 8 September 2015Finance
Pay No Lenders Mortgage Insurance

Pay No Lenders Mortgage Insurance

If you’re looking to avoid paying lender mortgage insurance (LMI) you might be in luck! You can save thousands in LMI and achieve a great interest rate too.

Most lenders have specific criteria that need to be met to be eligible:

Doctors
  • Lend up to 90% of the property value without LMI
  • Must provide evidence of registration and be on preferred medical professionals list (e.g. Dentist, Radiologist, Veterinarian etc)
 Professionals Offer
  • Lend up to 90% of the property value without LMI
  • Minimum gross taxable income $150,000 per annum, including rent, bonus, etc.
  • You must be either an Accountant, Actuary, Auditor, Chief Financial Officer, Director, Finance Director, Finance Manager, Financial Controller, Partner, Lawyer, Solicitor or Barrister
Sports & Entertainment
  • Lend up to 90% of the property value without LMI
  • To be classified as a Professional Sport and Entertainment person, the talent must fall within the approved eligible occupation listing
  • Talent must also have an accredited Manager, Agent or Accountant.
 Other
  • Lend up to 85% of the property value without LMI
  • Clear credit history
  • Eligible for purchasing or refinancing for a limited time

Contact me today

Nathan Vecchio

0410 000 689

Mortgage Broker

Author Mortgage Broker

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