LMI Waiver with only 10% deposit

Sumit Joshi - Ryro Loan CentreSenior Loan Advisor:Sumit Joshi Posted on: Updated on:

Usually, a 20% deposit is required to waive LMI requirement. Below professionals are recognised by most banks to pay only 10% deposit and get LMI waived.

  • Accountants
  • Finance Managers
  • Auditors
  • Actuaries
  • CFO’s (Chief Financial Officers
  • Lawyers
  • Solicitors
  • Barristers
  • Judges
  • Dentists
  • General Practitioners
  • Hospital-employed Doctors (e.g. Intern, Resident, Registrar, Staff Specialist)
  • Medical Specialists – acceptable that fall under Medical Specialties
  • Optometrists
  • Pharmacists
  • Veterinary Practitioners.
  • Medical Physiotherapists
  • Chiropractors

The above list is true at the time of publication

*Correct at the time of Publication

*Other qualifying criteria may apply

*Other Terms and Conditions may apply

Sumit Joshi - Ryro Loan Centre
Sumit Joshi

Sumit Joshi is Director/Senior Loan Adviser at RyRo Loan Centre, a mortgage broking company based in Sydney, Australia. Sumit has years of experience in the mortgage broking industry and he has received several Broker of the year awards.

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