Some professions like Veterinarys, Dentists, Physiopherapists, Accountants, Lawyers and others can get home loan discounts, or particular loan types without fees, based on their professions. The benefits differ depending on specific professions. It depends on what industry the lenders decide to target as it’s a constantly changing situation, so what’s here today may not be around tomorrow.
In my clients case, as he was a veterinary I was able to obtain him a interest rate discount of 1.21% off the lenders standard variable interest rate and $4,293-00 on loan mortgage insurance as he could borrow up to 90% of the valuation without paying loan mortgage insurance.
If he had added the loan mortgage insurance to the loan then over a 30 years he would have ended up paying an additional $3,070-00 in interest based on the current interest rate at the time.
Jack Walker
Loan Broker to the Aussie Battlers
