Home Loans For Chiropractors

No LMI Home Loans for Chiropractors

Chiropractors can expand their practice or settle in on their next dream home with 90% LVR home loans without paying for LMI. Our specialists at JFS Financial Strategists will lift the financing problem off your back so you can go at full stretch on your medical practice.

We have worked with many medical practitioners, including chiropractors, to buy their dream homes, expand their portfolios, and save thousands from LMI in their loans.

What Is the Maximum LVR I Can Get Without Paying LMI as a Chiropractor?

Chiropractors are considered low-risk borrowers and are eligible for 90% LVR on home loans without LMI.

Why are Chiropractors Eligible for no LMI in 90% Home Loans?

Banks will require Lenders’ Mortgage Insurance for loans above 80% LVR. That’s because the bank exposes itself to higher risks and may incur huge losses in case of loan default.

By paying for LMI, an insurance provider will reimburse the losses that your bank sustained by selling the property at a loss.

On the other hand, lenders perceive medical practitioners such as chiropractors as low-risk customers with stable sources of income. You can apply for higher LVRs (such as 90% LVR) without paying for LMI since you’re less likely to default on the home loan.

Can I Apply for a 90% No LMI Home Loan if I’m a Medical Professional?

If you’re not a chiropractor but are a medical practitioner in another well-recognised field, you can still apply for 90% no LMI loans. Reach out to us today, and we’ll let you know if you are eligible to waive LMI on your next home loan.

Are There Conditions for No LMI Home Loans as a Chiropractor?

Some banks will have conditions set for LMI waiver on home loans. That’s why JFS Financial Strategists accommodate all banks that offer no LMI for chiropractors so you have a wide choice of home loans that suit your needs.

We’ll take you through various no-LMI home loan packages and apply for competitive rates depending on your financial position and borrowing power. Moreover, we uphold transparency and will let you know of any conditions or LVR limits of your chosen bank/lender.

Can I Still Enjoy Common Home Loan Features When Waiving LMI?

Even if you waived your LMI on your 90% LVR home loan, you could still access common home loan facilities and features such as:

• Fixed-rate home loans
• Variable-rate home loans
• Interest-only period
• 100% offset accounts for home loans
• Line of credit packages for flexible finance
• Split home loans

Feel free to contact us today and discover whether you qualify for a 90% no LMI home loan if you’re a chiropractor needing finance for your dream home. We’ll take you through different home loan rates and lenders to ensure you find one that best suit your needs.