Turning your property dreams into reality
Negotiating a home loan and all the paperwork that comes with buying property is a lot of effort. Particularly as traditional lenders often don’t know how the medical profession works. Our financial and legal experts understand doctors’ career paths and appreciate how precious your time is, which makes everything so much easier for you.
Buying your first home
- First home buyers’ steps to success
- First home buyers’ checklist
- Financing your first home - for doctors
Taking the next step on your property journey
- Is now the time to refinance?
- Mortgage versus super: Which is a better place for doctors’ money?
- Rent, renovate or relocate?
Making the most of property investment opportunities
- Turning a first home into an investment property
- From a first family home to a whole portfolio
- Considerations for buying a holiday home
Specialists in home loans for doctors
Whether you need finance to buy your first home, renovate or upsize, or you’re looking to refinance or invest in property, we can help with home loan options tailored for doctors.
The amount you can borrow, also known as your borrowing capacity or borrowing power, is based on your unique financial circumstances. Your income, assets, liabilities and credit history can all affect your borrowing power.
Avant Finance specialists are well-versed in doctors' unique earnings, complex financial structures and other circumstances that make financing through many banks challenging. They have access to products and lending partners that specialise in lending to doctors.
This is very much dependent on which bank you decide on. You should be able to get an indication of borrowing capacity within a few days.
State government transfer duty is around 3-6% of a property’s selling price. Each state or territory has different rules and calculations. Some offer discounts or exemptions to first home buyers.
Market value is what someone will pay for that property on that day. You can uncover the estimated value of a property by accessing an Avant Property Report#. Avant Property reports are generated by CoreLogic and contain data used by real estate agents and banks and provide insight into:
- A property’s estimated sale value
- Estimated rental yields
- Suburb growth trends
- School catchment zones
- Comparable properties on the market
Access your complimentary Avant property report here.
Bridging finance is available if you are looking to buy or build a new home prior to selling your current property even if the proceeds of the sale are required for your new purchase.
Talk to an Avant Finance specialist to find out if bridging finance is suitable for your current situation.
Refinancing generally means moving your existing loan/s and corresponding mortgage/s from one lender to another. Banks may provide new clients with lower interest rates than existing clients. This is known as a loyalty tax. Speak with an Avant Finance specialist to ensure you are on the most competitive loan.
You can refinance your home loan for many reasons, such as:
• securing a cheaper rate
• renovating your home.
• paying off debts and rolling them into your home loan.
• using funds to buy a car or shares
Depending on the product you choose, refinancing can help by:
• Reducing your monthly repayments on a lower interest rate
• Reducing risk by switching from a variable rate to a fixed rate.
• Reducing uncertainty around monthly repayment amounts.
• Providing the flexibility to pay off your loan faster
• Consolidating credit cards, personal loans or other debts into a lower rate loan
• Freeing up cash to finance a renovation or investment property purchase
Your Avant Finance specialist can take you through the pros and cons of refinancing and arrange the most appropriate loan, should you decide to go ahead.
Some of the benefits of a Home Renovation Loan are:
• Flexible repayment options
• Flexible access to funds
• Competitive interest rates
• Quick and fast approvals.
The funds are available for almost any service, including:
• House maintenance
• Remodelling
• Painting
• New flooring
• Internal repairs
• External repairs.
Construction loans are approved specifically for your large renovation or build. You access those funds as progress payments instead of one lump sum.
For example, the bank may approve $500,000 for the construction, but these funds will be paid via drawdowns according to the progress payment schedule. They will not be made available all at once as they are in a renovation loan.