MACQUARIE Joins the MEDICO Package 90% No LMI
- Thread starter Mick C
- Start date
Yes BUT
1. Max loan amount is $500,000
2. IP only
Its good to see that they are coming in line with the market but far from a robust offering when compared to the other guys.
1. Max loan amount is $500,000
2. IP only
Its good to see that they are coming in line with the market but far from a robust offering when compared to the other guys.
^ only for graduates....the rest ( non graduates) is max loan $2m and IP and ppor.
And min 6 months employment whereas the other lenders offering this don't have this restriction.
It's a unique offering for those that have used up the traditional medico lenders who all dwell in the lower third of serviceability for borrowers with larger portfolios.
From that perspective, they are a new offering
Ta
Rolf
From that perspective, they are a new offering
Ta
Rolf
How about construction professionals?
I saw this one, wondering if anyone knows if there are there any others around for AIQS members, or what kind of rate this would be?
http://www.lendingandinvestmentadvisors.com.au/home-loans-for-mining-energy-resources-professionals
I saw this one, wondering if anyone knows if there are there any others around for AIQS members, or what kind of rate this would be?
http://www.lendingandinvestmentadvisors.com.au/home-loans-for-mining-energy-resources-professionals
Westpac do a variety of prefessionals. BTW Macquarie can even do 90% no LMI for lawyers
I think you will find that they do it irrespective of profession.
That might be the case, I haven't checked - but would imagine only so called professionals.
Macquarie? 5.1% and $1000 app fee. pretty restrictive at 90% but once LVR drops you can move to any of the normal products
Yes they are a good lender but a lender you use towards the end of your portfolio when you need the servicing or for a specific niche.
Annual fees $398 and interest rates are quite competitive.
