What scope is there to ask for discounts on loans for medical professionals?
can anyone give a personal account of what they have heard?
i have heard up to 0.8% to 1.2% off the standard variable rate is possible
would it be best to approach the bank ourselves or go through a broker??
cheers to all, happy xmas
Years ago when I went on to a "professional package" I got 1.0% off SVR.
But everyone has different products. It's probably worthwhile to ask a broker, but remember that most brokers only work on a daily basis with a subset of the lenders, so you still don't necessarily get 100% coverage of what's out there.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
What scope is there to ask for discounts on loans for medical professionals?
can anyone give a personal account of what they have heard?
i have heard up to 0.8% to 1.2% off the standard variable rate is possible
would it be best to approach the bank ourselves or go through a broker??
cheers to all, happy xmas
I'd have to check and I'm too lazy on a Sunday night after a busy weekend, but one bank is doing some deals for doctors. It's not a rate discount, you can get that anywhere, but I think they have a high LVR loan with no LMI which is quite attractive. Somehow I have the feeling its Westpac, but ask again tomorrow and I'll find out if your interested.
UBank just do refi's and then only at 80% or below.
Mallard
15 Dec 2013, 08:46 PM
St george used to offer 0.7 off on the pro package but I negotiated 1.0 off about three years ago. Brokers couldn't beat that.
What you will find has happened is that your broker got you a deal initially, and then the bank decided that they would loosen their rates and later you got a better rate. It happens all of the time.
What scope is there to ask for discounts on loans for medical professionals?
can anyone give a personal account of what they have heard?
i have heard up to 0.8% to 1.2% off the standard variable rate is possible
would it be best to approach the bank ourselves or go through a broker??
cheers to all, happy xmas
Ask them both. Peter :pop: And spend time working on your investments. Most professional people i know lament the high WAGES they have earn and total lack of investment income they have at retirement. Most have spent those high wages on shit and retained very little at the end of it all. Good luck. Peter p.s. you don't need a Porsche just because the other doctors have one. You need cash income when you can't turn the wheel another day.
What you will find has happened is that your broker got you a deal initially, and then the bank decided that they would loosen their rates and later you got a better rate. It happens all of the time.
I never used a broker Peter. I first took a mortgage in August 2008 when brokers seemed to be distanced by the banks because of the turmoil. We had got the mortgage offer some months before. But yes the banks have loosened their rates since
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
What scope is there to ask for discounts on loans for medical professionals?
can anyone give a personal account of what they have heard?
i have heard up to 0.8% to 1.2% off the standard variable rate is possible
would it be best to approach the bank ourselves or go through a broker??
cheers to all, happy xmas
OK Doc, I mentioned that medical professionals will get a discount off the LMI.
The ANZ is waiving the LMI cost up to an LVR of 90%, so that would be a saving of several thousand dollars on most loans. That is restricted to Medical Practitioner, Dental Practitioner or Medical Specialists and maybe some other genuine medical professionals. NOT nurses and paramedics.
That's actually a pretty good deal if you only have a 10% deposit, and if you might ever rent the house out, I would leverage to 90% anyway for the tax benefits.
Any expressed market opinion is my own and is not to be taken as financial advice
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