Home Loan | 90% LVR | No LMI
The Full Story
Nick is a medical professional who had found his ideal property but, like many in his position, didn’t want to wait years to save a full 20% deposit. The standard path for most borrowers at 90% LVR would mean paying Lenders Mortgage Insurance — a significant upfront cost that protects the bank, not the borrower.
Because Nick qualified under a specialist Medico lending policy, we were able to secure him a 90% LVR home loan with no LMI required. On a $1.5 million loan, that’s a saving of $27,694.86 — money that stayed in Nick’s pocket rather than going to an insurer.
This is exactly the kind of outcome that’s available to medical professionals but rarely explained by the major banks. With the right broker who understands Medico policies, borrowers like Nick can move faster, retain more capital, and still access competitive rates.
The Result✦ Loan amount: $1,500,000 ✦ LVR: 90% ✦ LMI paid: $0 ✦ LMI saving: $27,694.86
