Enjoy lender’s mortgage insure waivers, reduced rates and more.
Thanks to the high earning capacity and low-risk borrowing profile of lawyers, many leading lenders offer specialist home loans for lawyers, barristers and solicitors if you earn over a certain threshold and have a current practising certificate.
Whether you’re looking to buy your first home, your dream home or an investment to help you grow your wealth, home loans for lawyers enable you to purchase property with a smaller deposit than other borrowers, and sometimes with reduced rates, charges and fees.
It pays to have a mortgage broker who is experienced with the different loans and offers that may be available to you. By applying for a specialised lawyer home loan you could enjoy:
• No lender’s mortgage insurance (LMI) with low deposit home loans
• Up to 90% Loan to Value Ratio (LVR) on your borrowing
• Lower interest rates and other fee discounts