Home Loan For Nurses

Great is news for Nurses and Midwives. You may qualify to borrow up to 90% to purchase your home and you pay $0 Lender’s Mortgage Insurance (LMI) fee?

As a general rule only ,loans greater than 80% LVR (‘Loan to Value Ratio’) are mortgage insured, and you will need to pay this fee, which could be thousands of dollars.

Further, may not have $20 or $30K to pay for LMI fee, which will further delay your home buying journey. In fact, LMI is one of the biggest cost and barrier when buying property.

Lending is all about risks and managing associated risks of borrowers not paying their mortgage (i.e., default). So, if a lender sees certain professional occupation people are not defaulting their mortgage, then they may considering waive LMI fee. Now Nurses and midwives can qualify for 90% LVR and No LMI

Don’t wait, your dream home could be just around the corner! Speak with one of our nurse specialist mortgage broker now by calling on 0419 509 809.

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