'Medico' package (85%+ LVR with no LMI) for IT workers

Discussion in 'Property Finance' started by DavidMc, 16th Jun, 2015.

  1. Shahin_Afarin

    Shahin_Afarin Finance Broker

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    Conditions are:

    1. Total income of $150,000 p/a and this can include rental income ($120,000 for SA, WA, NT and TAS)

    2. Must be either a CA, CPA, CFA or FIAA

    3. Working full time
     
  2. Beelzebub

    Beelzebub Member

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    Well this is still handy information to have, are registered nurses on the list? Just so happens my other half is a nurse.
     
  3. Shahin_Afarin

    Shahin_Afarin Finance Broker

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    Unfortunately nurses are not on the list (as much as they should be).
     
  4. S.T

    S.T Member

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    Hey Shahin, do you know if there's some leeway in the 150k for Eastern States, eg would they take 145k?
     
  5. Shahin_Afarin

    Shahin_Afarin Finance Broker

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    Im not going to BS you - there is no leeway.

    All files get referred to credit and they are very strict with enforcing the policy. Think of the credit as the soup nazi from seinfield.
     
  6. S.T

    S.T Member

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    Darn no soup!
     
  7. Shahin_Afarin

    Shahin_Afarin Finance Broker

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    No soup for you - NEXT!
     
  8. aussieB

    aussieB Member

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    Would you please expound on this ? I do not hold an Engineering degree, but I am a software engineer. The last time I took a home loan, I had to pay LMI. But one of my colleagues with a similar profile in SA did not pay any LMI :confused: (he would only say "some trick the MB played")
     
  9. Terry_w

    Terry_w Member

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    No LMI if you can become a chartered member of EA and you are an 'engineer' which you probably are.
     
  10. WellnessWarrior

    WellnessWarrior Member

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    Medicos

    Hey guys,
    Does that mean if I am a medico I can get special deals?
     
  11. Shahin_Afarin

    Shahin_Afarin Finance Broker

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    whats your occupation?
     
  12. WellnessWarrior

    WellnessWarrior Member

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    Chiropractor | Clinic owner.
     
  13. Shahin_Afarin

    Shahin_Afarin Finance Broker

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    Not included unfortunately.
     
  14. Jess Peletier

    Jess Peletier Mortgage Broker, Perth

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    ANZ do Chiropractors.
     
  15. Shahin_Afarin

    Shahin_Afarin Finance Broker

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    yep forgot that - I think they do physios as well don't they?
     
  16. Jess Peletier

    Jess Peletier Mortgage Broker, Perth

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  17. albanga

    albanga Member

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    What constitutes a celebrity?
    My best mate was on series2 of the block, does he qualify? But on a serious note when the show was rating well, we did skip the line to get into Star Bar one night, no LMI waiver but it was a long line.........
     
  18. Azazel

    Azazel Member

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    Haha, you're pretty much famous, you should qualify too!
     
  19. Shahin_Afarin

    Shahin_Afarin Finance Broker

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    It depends on what type of celebrity they are. If they are a news presenter or tv personality working for one of the networks then they need to have an employment contract in place.

    If its an actor/actress then we need last 2 years financials.

    The only thing is that most of these make such astonishing money that they have no real need to go 90% plus most aren't your SS type investors so different clientele.
     
  20. albanga

    albanga Member

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    Well New Idea did cover their wedding and as his best man I made one of the photos. Might walk into the bank with my copy from 2011, point to my picture and say "I want an IP, heard celebs get 90% no LMI"