123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Home Loans For Pharmacists

By Author: Frank
Total Articles: 14

If you work as a pharmacist you may be aware that many lenders/credit providers view doctors as low-risk borrowers, but you may not be aware that many lenders/credit providers also classify your profession in the same category as doctors.

In view of the fact that you are considered to be a low-risk borrower you will find that some lenders/credit providers offer pharmacy home loans that are specifically designed for pharmacists. As a result, some lenders/credit providers may offer you a host of special borrowing features and discounts.

What Special Borrowing Features and Discounts are available to me?

Pharmacy home loans include a number of special borrowing features and discounts to help you save money on your home loan such as:

• Discounted interest rates;

• Higher Loan-to-Value Ratio (LVR) which enables you to borrow a larger percentage of the property’s purchase price; and

• The freedom of waived Lenders Mortgage Insurance (LMI) payments.

For example: With a normal home loan you will typically need to take out LMI if you plan to borrow more than 80% of the value of the property you are purchasing. However, being employed as a pharmacist you may find some lenders/credit providers will waive the requirements for you to pay the LMI premium.

Alex wants to Borrow more than 80 per cent to Buy a Villa
In this example, Alex is a pharmacist earning a salary of $120,000. He plans to buy a villa for $800,000 and he has a deposit of $80,000 which means he will need to borrow 90% of the purchase price of the property. He decides to approach his regular bank for a home loan, but he is put off by the fact that his bank will require him to take out expensive Lenders Mortgage Insurance (LMI).
Alex contacts his friendly finance broker who specialises in home loans for pharmacists. Not only does his finance broker enable him to get a better interest rate than what he would get from his regular bank, but his finance broker is also able to get the lender/credit provider to waive the need for him to take out Lenders Mortgage Insurance thereby, allowing Alex to save almost $38,000 in LMI charges.
How can I use a Pharmacy Home Loan?
Now that you have read this article you should be aware of the fact that you are able to take advantage of the attractive savings and borrowing features offered by a number of specialist lenders/credit providers to you, when you are looking at:
• Buying a home

• Buying an investment property; or

• Refinancing or even performing renovations.

Seek Expert and Professional Advice
It is wise to seek the assistance of a professionally qualified finance broker who has the required knowledge and experience of how pharmacy home loans work, and who can guide you through the pharmacy home loan process and requirements.

http://www.singhfinance.com.au is a reputed Australian finance brokerage firm that employs a team of expert and professionally qualified finance brokers. As a pharmacist you are dedicated to keeping your customers healthy and you will find their team of professionally qualified finance brokers are dedicated to keeping you financially healthy. Their finance brokers will present you with a number of pharmacy home loan options, to enable you to choose the most suitable pharmacy home loan package that best meets your needs and your individual circumstances.

For an obligation-free assessment, call on 0424 190 908 today or visit their website and simply click on the "ENQUIRE ONLINE" form. Singh Finance can even assist you when you are looking to:

• Refinance your existing pharmacy practice loan;

• Buy your start-up pharmacy practice;

• Acquire another pharmacy practice;

• Expand/remodel your existing pharmacy practice; or

• Even purchase equipment for your pharmacy practice (including fit outs).

Disclaimer: This article is of a general nature only and does not constitute professional advice. I strongly recommend that you seek your own professional legal and accounting advice in relation to your particular circumstances.

Read more: Pharmacy Loans Australia and Pharmacy Finance Australia

Total Views: 62Word Count: 642See All articles From Author

Business Articles

1. Why Video Transfers Have Become So Essential At Present?
Author: alphadvdcreations

2. Video Transfer Method To Keepyourfavourites For Life
Author: alphadvdcreations

3. How Compact Lube Trucks Can Increase Industrial Maintenance Capabilities
Author: Scott Lee

4. 5 Tips To Get Your Construction Business Visible In Canada
Author: Rick Greoneveld

5. Why Retailers Need Ecommerce Product Catalog Management?
Author: Liza Zeimer

6. Cutlery For Wedding Should Have A Smooth Reflection And Smooth Edges!
Author: Dean Lance

7. Htc Screen Repair And Replacement In Uk
Author: Rosie Grace

8. Cutlery For Wedding Made From Copper Is Always Safe On The Use!
Author: Dean Lance

9. Floor Lamps South Africa Is Safe And Extremely Beneficial On The Use!
Author: Dean Lance

10. Stem Floor Lamp Is Designed To Produce Perfect Accent Of Lighting For Your Home!
Author: Dean Lance

11. To Be Appropriate For Benefiting Instant Cash For Me
Author: Jack martin

12. Opportunities For The Global Waterproofing Admixture Market To Reach $4.5 Billion By 2023
Author: Lucintel

13. Money Loan Specialist Carries On In A Positive Sense And Answers
Author: Alex Mighty

14. How To Increase Sales By Using Just One Word
Author: Ian Marsh

15. Xbox Game Console Repair Services In Uk
Author: Rosie Grace

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: