Home Loans For Audiologists

Home Loans with No LMI for Audiologists

If you’re an audiologist looking to buy your dream home or expand your practice, we’ll help you get finance for 90% LVR with no LMI. We at JFS Financial Strategists are all ears for your financial goals, and we’ll take you through different options that work for you.

We have time-tested partnerships with several medical professionals, including audiologists, in purchasing new properties and saving thousands from LMI for 90% LVR home loans.

What is the Maximum LVR Audiologists can Borrow Without Paying LMI?

Audiologists and other medical professionals are fully eligible for a 90% LVR no LMI home loan.

Why Lenders Waive LMI for Audiologists

Typically, banks require Lenders’ Mortgage Insurance (LMI) for high-risk borrowers with more than 80% loan-to-value ratio (LVR). At higher loan-to-value ratios, the lender exposes itself to more risks and may suffer expensive losses when the borrower defaults on their loan.

By paying an LMI premium, an insurance provider will reimburse any losses the bank incurs after selling your property.

However, audiologists are seen as low-risk borrowers with stable sources of income. You can qualify for more than 80% LVR with no LMI since you’re less likely to fail to meet your loan repayments.

I’m Not an Audiologist. Can I Still Apply for a 90% LVR No LMI Loan?

If you’re not an audiologist, you can still get approved for an LMI waive as long as you’re a medical professional in a well-recognised field. Feel free to contact us today to discover if you qualify for a 90% LVR home loan without paying for LMI.

Are There Any Conditions I Should Be Aware of?

Your home loan LVR and other conditions will depend on the bank or lender. Nevertheless, JFS Financial Strategists cater to all banks that offer home loan LMI waivers for audiologists so you can look for one that best suits your needs.

Feel free to talk with us and we’ll walk you through different home loan rates with no LMI that are suitable for your financial goals and borrowing power. We’ll also let you know of any conditions on your chosen lender and home loan package with an LMI waiver.

What Features Will I Get When Waiving LMI on My Home Loan?

You can still enjoy the standard home loan facilities even with a waived LMI at 90% LVR. That includes:

• Variable-rate home loans
• Fixed-rate home loan
• Interest-only period
• Split home loans
• Offset accounts
• Line of credit

Reach out to us today, and we’ll let you know if you qualify for a 90% no LMI home loan. We’ll take you through convenient home loan packages so you can focus on more crucial medical work as an audiologist.