What is the Home Loan Benefit for Medical Professionals?

 

The home loan benefits for medical professionals are unique and can be used as a tax benefit for the borrower as well as the spouse. The borrower can qualify for the home loan without meeting the basic income criteria.

Home ownership isn’t just a great investment, it’s also something that most people see as a necessity. In Australia, a majority of residents own their own home. However, medical professionals often have trouble saving up enough for the down payment and end up renting longer than they’d like to. This is because home loans often offer more perks than you might realize, and you need to learn how to use them to your advantage.

When you are a medical professional, there are many benefits to consider if you are planning to buy your own home.  You will want to consider the entire cost of your home and all of the things that go along with it.  When you are purchasing a home, you need to understand all of the costs and where your money will be coming from.

Qualifying for a mortgage in Australia can become very daunting if you have a low credit score or have less than 20% deposit. Medical professionals in Australia are given special consideration under the Australian home loan benefits for medical professionals. These allow you to buy a property with a lower deposit. You may be able to buy a property with as little as 5% deposit.

Here are the main home loan benefits for medical professionals:

·         Zero Down Payment Requirements

·         Borrow Up to 90% of the Purchase Price

·         Discounted Interest Rates

·         Fee waivers

·         Higher LVRs

·         Higher maximum borrowing amount

If you are in the medical industry and require expert Medical Property Valuation advice in Melbourne, FVG Property are specialists in assessing current market. Our dedicated team undertake valuations of a range of assets including residential aged care facilities, retirement villages, manufactured home estates, medical and Healthcare Property.

When is it necessary to hire a professional property valuation company?

 

They say that real estate is all about location. It's also all about value — and when it comes to appraising your property, it's essential to know when it's necessary to hire a professional property valuation company.

Property valuation services play a vital role for any company or individual working on buying or selling real estate. A professional property valuation company can help an owner get a fair and accurate value for their property. If you are planning to buy or sell a property, you will require the services of the best property valuation company.

Similarly, when you want to sell a property, you will need to get an accurate valuation. It's easy to value your property on your own, but it's essential to know that professional property valuers are unbiased and objective. When you are selling a property, you will be looking at more than just its value; you will also need to look at its condition.

Getting a professional valuation is necessary if you want to sell your property. A valuation is an opinion of what a property is worth, based on its present condition and future potential. It is not the same as an estimate. An estimate is only an opinion of what the work will cost, whereas a valuation is a more comprehensive study that considers all aspects of the property.

Following are a few scenarios where hiring a professional property valuer is necessary:

·         When you are new and naive

·         When investment property is located in another state

·         When investing in real estate is your part-time job

·         When you are investing in various properties

·         Qualified property valuers act as financial advisors when it comes to buying, selling, renting the property.

·         Property valuation by qualified valuers exhibits you the correct value of your property. As they are professionals, they are unbiased and calculate the property value by considering reality and current market conditions.

·         The property valuation report provided by the property valuer acts as a reference and proof that helps solve the issues related to the property matter.

To hire an expert property valuer, feel free to contact FVG Property at 03 9690 1112. We are a team of expert property valuers who are committed to working with you.