Many of you might not have to go far beyond your current profession to save you money on your home loan. This is due to the fact that your profession may help you qualify for additional benefits that are not available to the general public.
Based on their professions, doctors, accountants, attorneys, and teachers can qualify for reductions or additional benefits on home loans without additional costs. The benefits available vary based on the lender, and the market is always evolving. One example is the mining industry’s slowdown in 2015, which resulted in mining engineers losing their ‘in demand’ status and profession-based discounts.
How the perks work?
To qualify, you must apply with a lender that offers a professional product based on your profession and fulfil the lender’s conditions.
Doctors, for example, are required to provide proof of membership to the Australian Medical Association. As it may not be clear as to what professional product offers are available to you, it is beneficial to have your broker on your side to take advantage of the savings. They will advise you on preferred lenders based on your profession
Pointer Finance is your smart guide for everything to do with residential, self-employed, and SMSF loans. Speak with the brokers at Pointer Finance; we have the knowledge and experience to identify the best loan for your financial situation, including savings depending on your career. Call us right away!