Low-risk borrowers with high income

​

Veterinarians are often considered low-risk borrowers because they typically have stable employment and high earning potential. This means that lenders may be more willing to offer them lower interest rates and other benefits that aren't typically available to other borrowers. Some lenders may also offer LMI waivers for veterinarians, which can save borrowers thousands of dollars over the life of their mortgage.

​

No LMI and discounted interest rates

​

One of the biggest benefits of special mortgages for veterinarians is that they often come with no LMI. This can be a significant cost savings for borrowers, as LMI can add thousands of dollars to the cost of a mortgage. In addition, many lenders offer discounted interest rates for veterinarians, which can help lower monthly mortgage payments and make home ownership more affordable.

​

Borrow up to 100% of property value

​

Another feature of special mortgages for veterinarians is that they may allow borrowers to borrow up to 100% of the property value. This means that borrowers don't need to save up a large deposit before buying a home, which can be a significant hurdle for many first-time buyers. Instead, borrowers can use the equity in their home to build wealth over time.

​

To conclude, special mortgages for veterinarians can be a great option for those looking to buy their own home. With no LMI, discounted interest rates, LMI waivers, and the ability to borrow up to 100% of the property value, these mortgages offer a range of benefits that can help make home ownership more accessible and affordable. If you're a veterinarian looking to buy a home, be sure to speak with our medical mortgage broker about your options.

​