Are you a Doctor, Dentist or medical professional?
GET PREFERENTIAL TREATMENT FOR HOME LOANS
GET BENEFITS SUCH AS:
- Borrow up to 90% of the purchase price
- Exclusive Cashback Offers – Up to $5,000 when refinancing
- Zero lenders’ mortgage insurance premium – Save up to $40,000
- Preferred medical professionals negotiated interest rates (not available to the public)
FORM SHORTCODE HERE
EXCLUSIVE INTEREST RATES
We have negotiated special interest rates from banks and financial institutions who are offering exclusive discounts to doctors and medical professionals.
NO LMI TO PAY
Borrow up to 90% without LMI! Plus, set up costs will be waived. For a 90% LVR $800,000 loan amount this will save you thousands of $$$!
SPECIALIST HOME LOANS JUST FOR DOCTORS AND MEDICAL PROFESSIONALS
We have access to special loan packages just for medical professionals like you. If you are an intern in Nursing, Doctor or Specialist, and more you can qualify.
ADDITIONAL CASH BACK OFFERS
Depending on the lender you could receive up to $5,000 cash back!
Let us do all the research to find you the best possible deal.
EXPERT ADVICE FOR DOCTORS AND MEDICAL PROFESSIONALS – DON’T DEAL WITH A GENERALIST
CASE STUDY
DR. PAUL AND DR.KYLIE
Paul and Kylie were able to save $35,176 on LMI and other mortgage fees + Save over 7.5 year on their loan term and $560,816 in interest by using a Medical Professionals Mortgages.
THE SITUATION
Paul and Kylie are both Doctors who have been working for the past few years. Kylie has just finished her residency and received a significant income boost.
They were both renting, and liked their current location being close to work and had enough in savings for a 20% deposit plus costs,
They found the perfect home for $1.25M and wanted to purchase it however did not want to be using up all their savings to complete the purchase as they wanted funds for additional studies and didn’t want to go down the guarantor home loan path, or pay lenders mortgage insurance.
THE SOLUTION
Medical Professionals Mortgages By Ramsey were able to source 95% No LMI finance for them, meaning they were able to borrow almost all of the property value towards the home purchase.
They were then able to utilise their special loan package including offsetting their remaining savings.
This was structured:
95% Home Loan over 30 years = $1,187,500
Remaining savings held in offset $187, 500
DOCTORS, SAVE TIME AND MONEY USING A BROKER
Ramsey Mortgage Advisors all come from private banking backgrounds and take the time to understand your unique position and comprehensively research your scenario to provide recommendations based on what is going to best benefit your situation.
FAQS
Why would a doctor need a mortgage broker?
As a specialist in your own field, you intimately understand the benefits of specialisation in a medical setting. The same applies to your finances. When it comes time to arrange finance, structuring debt, and selecting the right product, it pays to work with an experienced, professional mortgage broker.
Why are lenders offering this preferential deal to Medical Practitioners?
The basis of Lenders Mortgage Insurance is to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised that you, as a practicing medical professional, are far less likely to default on your mortgage than other customers. Because of this, these banks are prepared to waive their LMI premium with a far lower deposit.
If I am buying with my partner/ spouse who is not a Medical Practitioner/ Doctor, will I still qualify for the LMI Waiver?
Eligibility for this valuable mortgage benefit is not dependent upon both borrowers being employed in the health profession. So long as one of you meets the eligibility criteria for your employed position, then your need to pay the LMI premium can be waived.
Can I use the First Time Home Owners Grant as part of my deposit?
Taking away one valuable benefit and replacing it with another makes no sense, so happily the answer is ‘yes, you can.’ Your deposit can come from any number of sources: savings, gifts, and the First Home Owners Grant. There is, however, a requirement for a genuine 5% of savings to be used, although even this can be waived in certain circumstances.
What loan products and interest rates are available?
Taking advantage of an LMI-waived offer does not limit your choice of mortgage. All of the different mortgage products will be available to you – including loans specifically designed for professionals, like variable mortgages with package discounts, and fixed rate offers with features such as offset accounts and redraw. Interest rates on such mortgages are competitive, and there may be discounts of up to 1% on standard variable rates.
Get access to medical professional loan offers
No obligation – See if your occupation qualifies for our fast Specialist Home Loan.
FORM SHORTCODE HERE
Overall rating: 4.9
142 reviews
What a delight working with the team at Ramsey, seamless process with updates at every stage! I was impressed with how they walked me through the process and ensured wasn’t rushed to the next stage before fully comprehending the options and rationale for each choice.
Dion made the financing process very smooth in what was a stressful transaction. We had done all the groundwork via an initial meeting which meant that finance was approved within a few hours when it was needed most. Smooth process and an easy drag and drop portal for sharing documents. Highly recommended.
So impressed with the team at Ramsey Property Wealth who have provided us with the best brokerage service and great platform to go through refinancing our mortgage to another provider for a better deal. Great professional advice, communication and support all the way through the process which has been super quick and expertly executed. Very highly recommend 🙌🏻
My wife and I have refinanced with Dion and his team Marcus and Kevin.
Our main priority is to have a lender with a good policy for cash out and maximum borrowing capacity. Dion and his team did an exceptional job and I have no hesitations in recommending Dion and Ramsey Property Wealth, and we look forward to working with Dion in the future.
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