Did you know that healthcare professionals in Australia are offered unique home loan benefits in recognition of their valuable contributions?
While this is always an advantage, navigating how to identify the right loan for you and capitalise on the benefits, is still a major hurdle for some.
That’s where we come in. We help you understand how it all works and tailor a strategy to wholeheartedly complement your circumstances.
How do Medical Home Loans work?
Here are some of the key benefits and features of medical home loans in Australia:
Medical professionals in Australia – such as doctors, dentists, and veterinarians – often receive more favourable treatment when applying for home loans because lenders perceive their stable, high-income careers as low-risk.
Waived Lenders Mortgage Insurance (LMI)
One of the biggest advantages is that many lenders waive the Lender's Mortgage Insurance (LMI) premium for medical professionals, even when borrowing over 80% of the property value. LMI can cost tens of thousands of dollars, so waiving it represents a significant saving.
Higher Borrowing Capacity
Lenders recognise the high and stable income potential of medical careers. As a result, we often allow medical professionals to borrow larger loan amounts compared to other professions with the same income level.
Discounted Interest Rates
Medical home loans frequently come with discounted interest rates for variable and fixed-rate loans. The discounts can be up to 1% off the lender's standard interest rates. If you’re looking to understand what discounts are available to you, we encourage you to get in touch with our friendly team.
Flexible Loan Features
Medical professionals can access common loan features like offset accounts, redraw facilities, interest-only periods, and credit options on their home loans. This provides flexibility to structure repayments according to their needs.
Customer reviews
Anya Lee
27 August 2024
Had the absolute pleasure of dealing with Aileen from Strategic Brokers who helped me acquire my new apartment. Aileen is very positive and super friendly, she looked after me from the very beginning till the comple..
Tomothy 2
27 August 2024
Professional and outstanding. Admittedly came into the broker experience quite cynical but figured I’d give it a shot if it meant it might save me some money, absolutely did not regret it. Hung and his team really committed to..
Robert Diovin Atengco
27 August 2024
Amazing experience in working with Tony and Hung. They were very knowledgeable and unbiased with their advice and recommendations. Tony was very thorough and really listened to make sure we align our financial..
Marco Hermano
27 August 2024
Strategic Brokers have been amazing to deal with. Hung and his team are very knowledgeable and don’t stop at just finding a good lender (like many I have dealt with in the past), they went further to ensure strategy was fittin..
How Strategic Brokers simplify the Home Loan process
Working with Strategic Brokers gives you access to a wealth of expertise in the home loan market, which is especially beneficial for medical professionals seeking to obtain medical home loans in Australia.
No Cookie-Cutter Approaches
In contrast to banks that often resort to one-size-fits-all solutions, we employ a personalised approach to secure the right loan for you.
Making Financing Hassle-Free
Strategic Brokers does the hard work for you, eliminating the time-consuming process of comparing loan products whilst ensuring you're informed about the best deals available.
Favourable Terms and Conditions
We can negotiate on your behalf for potential fee waivers - like LMI, better loan rates, and more flexible conditions from our network of lenders.
Our team is dedicated, well-versed in lenders’ terms and conditions, and has a proven track record in negotiation. We alleviate the need for you to interact directly with multiple banks, as we can efficiently streamline these conversations and handle all the heavy lifting on your behalf.
And, we possess a significant advantage that directly contributes to the smooth approval of your medical loans: our broad lender network, which we’ve fully vetted for your peace of mind.
Our commitment lies in understanding each client’s unique needs to create tailored financial solutions. This involves a stepwise approach that begins with closely examining and understanding our clients’ financial situations, goals, and future plans.
We understand that a home investment is one of the biggest decisions you’ll ever make and a very personal one. That’s why, at each step, we keep you in mind. Your career as a medical professional brings unique opportunities, and just as your patients rely on your expertise, you deserve to have experts to turn to when it comes to home loans.
After clearly understanding your financial standing and needs, we scan the mortgage market to arrange various loans that align with your requirements. This careful and bespoke approach is not restricted to scanning different providers and contracts; it also opens up new opportunities that you may have yet to discover independently.
This gives you the advantage of choosing from an extensive list that closely aligns with your needs and desires. Rather than offering off-the-shelf solutions, we firmly believe there’s no one-size-fits-all when financing a home.
Personalised Medical Home Loan Services
Our unique service, focused primarily on medical loans in Australia, offers you the flexibility to purchase your dream property while providing benefits that align with your lifestyle and career stage.
Unlike traditional banks, we offer a personalised approach to your home loan application process. We don’t believe in one-size-fits-all solutions; instead, we tailor our loan options to your individual circumstances.
That’s why we take the time to understand your situation thoroughly before providing you with a home loan solution.
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Let's get started
We aim to make your journey to homeownership as smooth and stress-free as possible. With a wide range of lenders in our network, we can access competitive interest rates and favourable loan terms that you might not be able to obtain individually.
We also guide you through each step of your loan application process, minimising any potential hurdles so you can focus more on the things that matter most to you.
Reach out to our dedicated mortgage broker team today. We’re here to help you bring your dreams to life!
