FAQs
Here are answers to some common questions.
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What is a broker and how can you help me?
A broker is a financial professional who specialises in finding finance options for clients. As brokers, we work with you to ascertain your needs, future goals and source your ideal financial solution. We also help with documentation, applications and everything in between to see you through to settlement
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How much will your services cost me?
Generally speaking, brokers don’t charge up-front fees for their services and are instead paid commission from the lender at settlement. The broker is obligated to act in the best interests of the client and only find loans that are suitable for the client’s needs.
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I work as a health practitioner but my specialisation isn’t listed, do I qualify for LMI reductions or special rates?
This is something we assess on a case by case basis if your specialisation isn’t listed. We can have a chat with lenders on your behalf to see if we can get an exception made.
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My spouse is a doctor, does that mean we can qualify for a loan?
Yes, if you are applying for a loan together and your partner is on the approved practitioner list, we can assist.
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Why do medical professionals get better rates and offers?
Medical professionals are seen as stable borrowers by many lenders. Lower lending risk and low discrepancy rates means lenders are prepared to offer great deals to win the business.
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I was a hospital employed doctor but stepped out into private practice less than 12 months ago. Do I qualify for any kind of lending?
Your average self-employed borrowers generally need to be in business for two years before applying for a loan. As a medico borrower, lenders are more open to listening. By presenting the lender with business projections as well as your good standing, we can make a case for you to be eligible for a loan package even as a relatively newly established business
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I’m currently on a temporary work (Skilled) 457 Visa, can I qualify for a loan?
This again is a case-by-case basis. Often you can still qualify for LMI or rate concessions.