Free home loan documents checklist | Are you home loan ready?
Understanding the home loan documents checklist should take about 10 minutes. Know where they are. Know what they look like—and stay ready.
Mark Nolan (aka Nols) writes about mortgage broker loans and everything in between. Since realising he does not need to work so much, Mark started writing to educate anyone who is ready to learn from his personal, investing and business experience. Empowering his readers drives his content.
Understanding the home loan documents checklist should take about 10 minutes. Know where they are. Know what they look like—and stay ready.
A LMI waiver for lawyers purchasing a $800,000 property with a 10% deposit could save them more than $17,000 in fees by avoiding LMI.
A LMI waiver for doctors for someone with a 5% deposit buying near the average Australian house price could mean around $30,000 of LMI fees avoided.
An accountant purchasing a home for $600,000 with a 10% deposit could save over $10,000 in fees by avoiding LMI. This amount can extend to around $20,000 for a 10% deposit on a $1,000,000 property.
An LMI waiver for nurses can enable eligible borrowers to buy for $600,000 with a 10% deposit and save around $10,000 in fees by avoiding LMI.
An LMI waiver for physiotherapists is here. Eligible physios can buy sooner, with 10% deposit and also use an LMI waiver for investment property.
I let you know how to become a mortgage broker from experience. Switching from healthcare to mortgage broking has been life changing, I share three major benefits it has had for me.
If you work in medical, legal or accounting professions you could find yourself eligible to buy a property sooner—with a LMI waiver for professionals.
Self employed home loans often get branded as difficult and time-consuming. It does not have to be this way.
Could you buy with a smaller deposit and avoid LMI? Check if you are in one of the occupations favoured for a lenders mortgage insurance waiver.