Why Use a Medical Mortgage Broker

Doctors and medical professionals have unique financial situations. A medical mortgage broker considers both your current and future needs to ensure you secure the most suitable loan.

Mortgage brokers act as your representative, arranging home or other loans through banks and lenders. Each lender has different policies and criteria, and a broker’s job is to find the loan that best fits your circumstances.

Xaviera Moore, Medical Mortgage Broker & Director

Let’s Look at Your Options

Option 1: Get a Loan with Medimortgage

Medimortgage undertakes a detailed review of your financial information and assists with arranging a loan through a bank or lender.

Our process considers:

Your current income and employment structure
Expected income progression
Career stage (intern, registrar, consultant, GP, specialist)
Personal and investment lending requirements

By working with multiple lenders, we help facilitate access to loan products that may be available to medical professionals. We manage the application process and coordinate directly with lenders on your behalf.

Option 2: Get a Loan Directly Through Your Bank

Applying directly with a bank involves approaching a lender on your own. While this may be convenient for some borrowers, each bank has its own lending policies and product range.

When applying directly, it’s helpful to be aware of the following:

Product Range Limitations
A bank can only offer its own loan products. This means other options available across the broader market are not accessible.

Internal Processes and Targets
Banks operate within internal frameworks that may focus on volume and processing efficiency.

Policy Interpretation
Lending policies are detailed and can change frequently. In some cases, applications may experience delays or additional requirements due to policy interpretation.

How a Medical Mortgage Broker Differs

Using a medical mortgage broker can offer:

A Structured Process
Brokers coordinate documentation, lender communication, and application progression in one place.

Access to Multiple Lenders
Brokers work with a range of banks and lenders, including those with policies designed for medical professionals.

Experience with Medical Applications
Specialist brokers regularly handle applications from doctors and understand how lenders assess medical income structures.

Summary

Applying directly with a lender limits you to one institution’s products and policies. A medical mortgage broker facilitates access to a broader range of lenders and manages the application process on your behalf, which may assist with efficiency and lender matching.

Ready to Get in Touch?

Medimortgage supports doctors and medical professionals through the loan application process. We help coordinate lender access, manage documentation, and assist from initial enquiry through to settlement.

📞 Call 0432 353 819 or complete our enquiry form to get started.