Medical professionals can get LMI concessions

St.George Bank’s medico policy is a key differentiator in a competitive mortgage market. Medical professionals (Medico) can get a 90 per cent LVR home loan without lenders mortgage insurance.

Lenders Mortgage Insurance (LMI) usually applies to home loans approved at over 80 per cent loan to valuation ratio.

Rob Love from St George said the medico policy has led to a tremendous amount of strong quality business for St.George.

Source: The Adviser