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

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

  1. Azazel

    Azazel Member

    Joined:
    18th Feb, 2014
    Messages:
    405
    Location:
    Sydney, NSW
    It's worth a shot. Wear a tracksuit in case they say no. "Uh, sportsman?"
     
  2. remingbi

    remingbi Member

    Joined:
    9th Mar, 2015
    Messages:
    93
    Location:
    sydney, nsw
    R medico package loans credit scored harder than normal 80%lvr loans?
     
  3. Rolf Latham

    Rolf Latham Member

    Joined:
    2nd Mar, 2001
    Messages:
    18,792
    Location:
    Confused = Sydney, Brisbane and Gold Coast
    typically no

    ta
    rolf
     
  4. neK

    neK Member

    Joined:
    22nd Dec, 2009
    Messages:
    1,961
    Location:
    Sydney, NSW
    With bank employees, can the bank employee go through a broker for a bank they do not work for? Or must they go through a bank based lender within the same organisation they work for?
     
  5. Brady

    Brady Big 4 Banker

    Joined:
    19th Jun, 2012
    Messages:
    2,708
    Location:
    Adelaide
    CBAs 'Banking Professionals Package' allows bank employees from any of the major banks (and fee others) with >2 years employment history to qualify for the package. Brokers are unable to offer this only CBA direct staff.
     
  6. WellnessWarrior

    WellnessWarrior Member

    Joined:
    26th Apr, 2015
    Messages:
    14
    Location:
    Sydney, NSW
    95% loans with Medfin

    To the brokers, do you guys have access to Medfin or Investec experien? A colleague of mine has an investment loan with them at 95% and I wonder if these are considered as part of a normal loan work up from a broker or if I should get the details on these and then compare them to what a broker can obtain? Thoughts?
     
  7. remingbi

    remingbi Member

    Joined:
    9th Mar, 2015
    Messages:
    93
    Location:
    sydney, nsw
    I enquired directly with medfin and u can use your broker as long as they do the accreditation with them. They r part of nab health
    Experien i think was taken over by boq and that is not available thru a broker. I think its called boq specialist
     
  8. WellnessWarrior

    WellnessWarrior Member

    Joined:
    26th Apr, 2015
    Messages:
    14
    Location:
    Sydney, NSW
    thankyou, appreciate all the advice.
     
  9. jaybot

    jaybot Member

    Joined:
    26th Apr, 2015
    Messages:
    2
    Location:
    Melbourne, Victoria
    If any broker can do a trick because my I.T title contains engineer in it let me know!
     
  10. Terry_w

    Terry_w Member

    Joined:
    19th Mar, 2012
    Messages:
    9,610
    Location:
    Sydney, NSW
    Are you a chartered member of EA?
     
  11. jaybot

    jaybot Member

    Joined:
    26th Apr, 2015
    Messages:
    2
    Location:
    Melbourne, Victoria
    No, looks like that would cost around $700 and 2 assessments required.
     
  12. S.T

    S.T Member

    Joined:
    27th Jun, 2011
    Messages:
    1,183
    Media:
    4
    Location:
    Melbourne
    Apart from BOQ, what are the other lenders that will do 90% no LMI for a Chartered Accountant on slightly less than 150k gross? Talk of ANZ in this thread, but not sure if they have the same limits as Westpac for income.
     
  13. Terry_w

    Terry_w Member

    Joined:
    19th Mar, 2012
    Messages:
    9,610
    Location:
    Sydney, NSW
    It recently saved a client of mine around $13k in LMI.
     
  14. Toon

    Toon Member

    Joined:
    10th Sep, 2006
    Messages:
    193
    Media:
    12
    Location:
    Victoria
    I was just looking at the Medfin website & they specifically mention nurses on their site:

    "Medfin Specialists understand more than just finance, they understand the customer service needs of medical professionals, practice owners, specialists, nurses, graduates and more." I would hope they didn't offer some things to some and not to others on their own list:confused:

    http://www.medfin.com.au/corporate-profile/