Links Property Finance · Mortgage broker for low deposit buyers, Sydney: Home Loans for Dentists

Not always. Many lenders group dentists with medical professionals for mortgage insurance concessions, but some include only medical practitioners. Checking each lender’s list before applying matters more than assuming the two are treated alike.

Usually as self-employed or contractor income, from tax returns and sometimes business activity statements. Some lenders accept a shorter history if you have worked in the same role before, and a few use recent invoices and a contract.

Yes. Repayments on a practice loan count as a commitment and reduce borrowing power. Lenders may also look at the practice’s financials if you own it, so it helps to plan the two loans together.

Sometimes: some lenders accept recent graduates with current registration and an employment contract, while others want a period of practice or a minimum income. A signed contract and registration certificate make the strongest case.

Not necessarily. The mortgage insurance concession and the interest rate are separate, so compare the whole loan, including the rate, fees and features, rather than choosing on the waiver alone.

If you are a first home buyer and meet the criteria, yes. The scheme has price caps and its own rules, while a profession concession depends on the lender. Comparing both shows which suits the property you want.