Self-Employed Doctor Exclusive Home Loan Advantages

Navigating home loans as a self-employed doctor can be challenging, but it doesn't have to be. At Medimortgage, we specialise in securing tailored home loan solutions for medical professionals with unique income structures, ensuring you get the best possible terms.

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Understanding Acceptable Income Types for Doctor Loans

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We understand the diverse income streams of medical professionals. Whether you're operating through an ABN, working on a fixed-term contract, part of a medical partnership, or earning profit share/commissions, we can help.

 

We work with:

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• Contracting via ABN: We simplify income assessment using recent invoices and bank statements. Learn how we calculate your assessable income below.

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• Contracting as an Employee: Our expertise allows us to effectively present your contract-based income for optimal loan approval.

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• Medical Partnerships: We streamline complex partnership income documentation, ensuring a smooth process.

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• Profit Share/Commissions: We provide tailored solutions for dentists, optometrists, veterinarians, and other medical professionals.

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Exclusive Discounts for Medical Doctors: Waived LMI and Discounted Rates

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We understand the financial stability of medical professionals and leverage this to secure exclusive benefits:

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• Waived Lenders Mortgage Insurance (LMI) up to 100% LVR: Save thousands on your home loan.

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• Discounted Interest Rates: Access rates not available to the general public, securing a better financial future.

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Key Considerations for Doctor Mortgage Loans

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• If you're borrowing over 80% LVR, prioritising an LMI waiver is crucial.

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• If your loan is below 80% LVR, focus on securing the lowest interest rate and aligning with your long-term investment goals.

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Example: ABN Contracting Income Calculation for Doctor Home Loans

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If you earn $1,000 per week (including GST), we can estimate your assessable income around $41,818 per year. (Weekly income x 41.8).  We account for GST, holidays, and sick leave, providing a realistic income assessment for your loan application.