Run your own numbers before you talk to us — estimate monthly repayments, and see your deposit and LMI position as a medical professional. These are general estimates based on figures you enter, not a quote or credit advice.
Based on a 30-year term at the 5.99% p.a. rate you set above.
Project savings from specialist mortgage Lenders Mortgage Insurance waivers.
Review structures with your accountant for tax-effective investment lending.
Align mortgage repayments to fortnightly hospital payroll cycles.
Standard borrowers usually need a 20% deposit to avoid Lenders Mortgage Insurance (LMI). Many eligible medical professionals can borrow at a higher LVR without LMI through a lender waiver — so you may need a smaller deposit. Enter your numbers to see roughly where you'd sit. General estimate only.
Above 80% — LMI normally applies. As an eligible medical professional, certain lenders may waive it up to around 90%, so this deposit may be enough.
Indicative general estimate only, based on the figures you enter. It is not a quote, an offer of finance, or credit assistance. LMI, maximum LVRs and waiver eligibility vary by lender, profession and your circumstances. A waiver up to 90% is shown as a common example only; some lenders go higher in particular cases.