Are you a professional in the Accounting or Legal industries looking to purchase a property? You might be eligible for specific home loan benefits, particularly concerning Lenders Mortgage Insurance (LMI).
Many lenders offer LMI waivers for eligible accountants and legal professionals. This means you can borrow up to 90% of the property’s value without the requirement for LMI, potentially saving you thousands of dollars.
Some lenders do not require you to work for an accounting or legal firm, nor to hold a specific title or role. However, you must meet eligibility criteria, such as being a fully qualified member of a recognized professional association (not an associate or a student member).
Eligible Professionals Include:
- Accounting Industry: Chartered Accountants (CA), Certified Practicing Accountants (CPA), Chartered Financial Analysts (CFA), and Fellows of the Institute of Actuaries of Australia (FIAA).
- Legal Industry: Lawyers, Solicitors, Barristers, and Judges.
You could purchase a property to live in or for investment with just a 10% deposit, accessing pricing discounts and avoiding LMI, if you qualify for the Professional Industry Packages.
Get in touch today to learn more and start your journey to achieving your homeownership dreams sooner.