Hi folks. My partner is a GP and we are looking to purchase our 1st IP (House/townhouse). Budget is about $500K. We currently have enough for 10% deposit + 5% for fees, stamp duty etc. As such looking for a 90% LVR.
We understand that some lenders waive LMI for medical doctors. Having spoken to the Australian Medical Association (AMA), they referred us to CBA, which has a tie up with AMA.
https://ama.com.au/sa/commonwealth-bank
In this case, since its mentioned "This package is not available via the CBA Branch network." is it better to approach them directly rather than through a mortgage broker?
I did a google search and found that ANZ and Westpac also has similar 90% LVR with no LMI for medical doctors. Are there any other lenders which offer such packages? Would it be better if I approach them directly or go through a mortgage broker?
Also, would appreciate if I could get any advise on what I should look out for when I take up such a package ( 90% LVR with no LMI). Thanks!
We understand that some lenders waive LMI for medical doctors. Having spoken to the Australian Medical Association (AMA), they referred us to CBA, which has a tie up with AMA.
https://ama.com.au/sa/commonwealth-bank
In this case, since its mentioned "This package is not available via the CBA Branch network." is it better to approach them directly rather than through a mortgage broker?
I did a google search and found that ANZ and Westpac also has similar 90% LVR with no LMI for medical doctors. Are there any other lenders which offer such packages? Would it be better if I approach them directly or go through a mortgage broker?
Also, would appreciate if I could get any advise on what I should look out for when I take up such a package ( 90% LVR with no LMI). Thanks!