A Quick Overview
Details | Description |
---|---|
Customer Goal | Looking to get home loan approval to purchase an owner-occupied property |
Problem | Eager to buy the house they found at the asking price, 95% no LMI home loan |
Loan Amount | $1.558 million |
Security | Owner-occupied property, Victoria, $1.64 million |
LVR and Term | 95% LVR, 30 years |
Income | $270,000 p.a. after taxes |
Solution | Our mortgage broker helped the customer negotiate the price for the house and saved her $10,000 upfront. Our broker also got them approved for a waived LMI loan which saved them further tens of thousands in LMI fees. |
A doctor’s first home
After finishing her medical degree at the University of Queensland Australia, Gabriela got married and moved to Victoria with her partner Marcus. Gabriela was a medical practitioner, and her professional life and personal life kept her occupied. She had never thought of buying her own property because she had always lived in the house Marcus had bought before she met him. In 2019, she decided that she wanted to have her own property. She started looking in the market but found it challenging to find the one suited to her needs. After looking for several months, she finally found a property to her liking. She was eager to buy the property but needed to get her finances ready. That’s when she got in touch with Jenish Manandhar, one of our specialist mortgage brokers to help her with the home buying process. During their conversation, she mentioned that her objectives were:- To make a written offer to finalise a deal with the vendor as soon as possible
- To get pre-approved for a 95% no LMI (Lenders Mortgage Insurance) home loan