What Are Some Mortgages for Public Servants in Australia?
Lenders are willing to provide loans for public servants with favourable terms for several reasons. Data shows that these occupations have a high repayment rate. Thus, lenders take on less risk. Public servants including government workers and teachers. They also include firefighters and nurses. In addition, the Australian government sets up programs for public servants that help them become homeowners. If they do not have a 20% deposit, lenders can waive the lender’s mortgage insurance since the government will guarantee the repayment.
Mortgage House is a non-bank lender that works with an array of clients. We issue loans to first-time homebuyers, investors, and owner-builders. Moreover, each loan type has several subcategories. If a public servant qualifies for a low doc loan, they can pick from a variable rate or fixed rate. Those who pick variable rate loans can sync them with tools that help defray the interest rates even further.
To qualify for discounts offered to public servants, individuals must submit additional documentation. For example, your payslips must show that you work for the Australian government. Public servants must satisfy typical mortgage requirements too even though they will receive special rates and discounts.
Once you become a client of Mortgage House, you will enjoy additional benefits and perks. You also receive access to the rest of our products including our business loan.
Mortgage House Loans for Public Servants Conclusion
Individuals interested in loans for public servants can explore their options through Mortgage House. Contact our loan specialists to start the process.