Home Loans made for you

There are a few variables that we have listed below but when working with MedX Finance we will customise our approach to meet the needs and financial health of our clients.

Key criteria includes to establish borrowing limit:

Income and Employment Status: Your current income, its consistency, and the length of time you've been in your profession play crucial roles. Typically, established doctors, dentists, and other medical professionals with a stable income can borrow a higher amount however with the right business planning and cashflow forecasts less established practitioners can access funding for their project.

Existing Liabilities: If you have other outstanding loans or financial commitments, these will be accounted for when determining borrowing capacity. An assessment of your debt-to-income ratio to ensure you can comfortably manage repayments without overstretching is important.

Credit History: A clean credit record with a history of timely repayments can enhance your borrowing capacity.

Type of Loan: Different loan types come with varying borrowing capacities. For instance, a loan for practice finance or commercial property might allow for a larger borrowing amount compared to an unsecured loan.

Property Value: If you're borrowing for real estate or practice premises, the nature of the property, its value and location can influence the amount you can borrow.

Deposit: The size of your deposit or down payment can impact the loan amount. A larger deposit can increase your borrowing capacity as it reduces the lender's risk.

Loan Term and Interest Rate: Longer loan terms might affect the total amount you can borrow, as will the interest rate on offer. While longer term loans reduce monthly commitment, some lenders still assess borrowing capacity on a shorter term so it pays to discuss this with MedX Finance.

Special Considerations for Medical Professionals: Given our focus on the medical community, we understand the unique financial trajectories of medical professionals. For instance, a doctor in the early stages of their career might have potential future earnings considered, even if their current income is lower due to recent graduation or specialisation.

Yes there are a range of benefits that MedX Finance will ensure we extract from lenders and package up when we present the options to you, including:

Higher Borrowing Limits: Given their typically higher-than-average income potential, doctors, dentists, vets and allied health professionals often qualify for larger loan amounts compared to many other professions. MedX Finance will ensure we take all of this into consideration when presenting the right solution to you.

Lower Interest Rates: Some lenders offer competitive interest rates for medical professionals, acknowledging their stable income and lower risk profile. MedX will work to make sure we get you the best deal every time.

Waived Lenders Mortgage Insurance (LMI): Due to the low-risk nature of medical professionals, some lenders within our trusted pool of bank and non bank lenders may waive the LMI for doctors, dentists, vets and allied health professionals.

Flexible Loan Terms: Recognising the demanding nature of medical professions, we will work with lenders to offer more flexible loan terms for doctors, dentists, vets and allied health professionals. This can include features like extra repayments, redraw facilities, and offset accounts.

Higher Loan-to-Value Ratios (LVR): Whereas a typical borrower might need to provide a substantial deposit to secure a loan, medical professionals might be offered higher LVRs, sometimes up to 100%, due to their stable earning potential.

Specialist Home Loan Packages: Some lenders have tailored home loan packages specifically designed for medical professionals. These packages often come with additional features or benefits not available in standard home loan products.

Income Consideration: Lenders might consider future income potential for recently graduated doctors and dentists or those in the early stages of their careers. This consideration can lead to approval of loans that might be denied to other professionals at the same current income level.

Streamlined Approval Process: Given the consistent demand and recognition of the medical profession's stability, some lenders streamline the approval process for doctors and dentists, making it quicker and more efficient.

Dedicated Advisors: Recognising the unique financial needs and busy schedules of doctors and dentists, some banks and lenders provide dedicated advisors who specialise in assisting medical professionals.

Flexibility with Employment History: Lenders might be more lenient when considering employment history for doctors or dentists, especially if they have recently moved jobs, done a fellowship outside of Australia, or set up a new practice.

Unbiased approach to finding you the right financial solution

Customised options based on financial objectives not just offering you the product one bank sells

Specialised brokers with decades of experience working with the medical community and a range of lenders

Choosing MedX Finance over going directly to a bank offers a distinct advantage in navigating the complex financial landscape.

With MedX Finance, you gain access to a dedicated team of specialists who understand the unique needs of medical professionals.

We custom make solutions that align with your goals, leveraging our extensive network of bank and non-bank lenders.

Our unbiased approach ensures you receive a range of options, saving you time and effort. We're more than brokers – we're trusted partners committed to delivering a seamless and customised experience, helping you secure the best financial solutions for your medical journey. We have experience supporting support doctors, dentists, vets and allied health professionals

Our specialists at MedX Finance have decades of experience in medical lending and understand the complexities involved with high earning or well leveraged individuals.

We will work incredibly closely with you and your trusted professionals to ensure we can find the right solution no matter your current position. Some things we may want to consider and work through together to find the right solution would be:

Evaluating Assets and Liabilities: At MedX Finance, we take a comprehensive look at your entire financial picture. This includes evaluating both the assets and liabilities within your investment portfolio. Assets can enhance your borrowing power, while significant liabilities may have an impact.

Income from Investments: Regular income from investments, such as dividends from stocks or rental income from properties, can be factored into your total income, potentially increasing your borrowing capacity.

Liquidity of Investments: Liquid investments, like stocks or bonds, can be easily converted to cash, making them valuable when considering borrowing potential. Illiquid investments, however, like certain real estate or art, may not have the same immediate financial benefit, though they still contribute to your net worth.

Portfolio Diversification: A well-diversified portfolio can signify a prudent investor who manages risks. This can be viewed positively as it suggests the client is less likely to face significant financial challenges if one investment sector performs poorly.

Volatility and Risk: High volatility in an investment portfolio might indicate potential for larger financial swings. While high-risk investments can offer significant returns, they can also lead to substantial losses. We consider the risk profile of your investments and how they might impact your financial stability.

Past Performance: While past performance isn't necessarily indicative of future results, consistent growth in an investment portfolio can be a positive sign of an individual's financial acumen and stability.

Portfolio Challenges: If you've faced challenges in your portfolio, such as depreciating assets or bad investments, it's essential to provide context. Short-term challenges may not heavily impact long-term borrowing capacity, especially if they're due to market fluctuations rather than individual investment choices. We always aim to understand the broader picture of any challenges within your investment journey.

Future Investment Plans: If you're planning significant changes to your investment strategy or foresee substantial portfolio growth, it's worth sharing this information. Future financial moves can influence current borrowing decisions.

At MedX Finance, our commitment is to provide customised financial solutions that understand the nuances of the medical community's needs. Investments and portfolio challenges are considered within the broader context of your financial goals and aspirations. We encourage open dialogue to ensure that we have a holistic understanding of every client's financial landscape.