Davies Home Loans offers high income loans for professionals who earn a higher wage and are looking to purchase a home. Whether you are a young professional buying your first home or an experienced property investor with a diverse portfolio, Davies Home Loans can help you get the financing you need.
Davies Home Loans serves the Northern Rivers and Gold Coast areas along with the rest of Australia via virtual appointments. We can find you competitive interest rates and flexible repayment options as we understand that everyone's situation is different, so we work with you to tailor a loan solution that meets your needs.
Home Loans For High Income Earners
There are a few things to consider when shopping for a home loan as a professional. Your income is likely to be higher than the average person, so you may be able to qualify for a larger loan or a more favourable interest rate. However, you'll also need to provide documentation of your income and employment history in order to get approved.
16+ Years Of Experience
Doctors
Medical Professionals
Lawyers
Here are a few tips to help you get the right home loan as a professional:
Make sure you seek help from our mortgage broker to compare rates from multiple lenders before choosing one.
Be prepared to provide documentation of your income, expenses and employment history.
If you have a high credit score, you may be able to qualify for a lower interest rate.
Make sure you understand all the fees and charges associated with the loan before you sign anything.
Taking out a home loan is a big decision, that’s why we take the extra time to assess your individual circumstances so that you can find the perfect loan for your growing needs as a professional. As a professional, you may be looking for a home loan that offers some special features or benefits. A professional package home loan is a type of loan that is designed specifically for people who work in certain professions.
Professional package loans
A professional package loan is a type of home loan that bundles together a number of products and services into one package. This can include things like home insurance, credit cards and personal loans.
Professional Package home loans usually comes with a number of perks, such as a discounted interest rate, waived application fees, and more. These loans can offer a range of benefits for doctors, lawyers, dentists, miners, self employed tradies and other professionals who want to save money on their mortgage.
If you are looking for a professional package home loan, we help you to compare rates and terms from multiple lenders before choosing one. We will help you to understand all the fees and charges associated with the loan so we can find the right loan for your needs as a professional.
Home loan for doctors
As a doctor, you're probably used to long hours and high stress. But when it comes to your mortgage, you shouldn't have to worry. Home loans for doctors are designed to help medical professionals purchase property with ease. These loans often offer low interest rates and favourable terms, making them an attractive option for those in the medical field.
We understand that doctors have unique financial needs, and we're here to help. We offer a range of home loans specifically for medical professionals, so you can choose the one that's right for you.
Davies Home Loans is the leading provider of home loans for medical professionals including doctors, dentists, vets, chiropractors and pharmacists. We've helped medical professionals all over Australia buy their first home, invest in property, or refinance their existing home loan. If you're a doctor looking for a home loan, we can help you get the right deal on your mortgage.
Loans for lawyers
There are a few different types of loans that lawyers can apply for. Home loans, business loans, commercial property loans are all options that can be considered when looking for financial assistance. Lawyers may need a loan for a variety of reasons. Maybe you want to purchase a new home, start your own law firm or expand your current one.
No matter what type of loan you are looking for, there are plenty of options available. When you work with Davies Home Loans in Tweed Heads, our team can assist in finding you a suitable loan for your requirements.
Refinancing for busy professionals
If you're a high-income earner, you may be able to refinance your home loan to get a more competitive deal. This can involve taking out a new loan with a lower interest rate or adding other benefits for being a high income client.
Refinancing can help you pay less interest on your home loan, but it's important that we compare your options before deciding if it's the right move for you. Give us a call If you're looking to refinance your home loan, compare your options and find the loan that's right for you.
Above are Lenders and support businesses available to us, specific accreditations are provided as part of our loan process
Steps to getting a loan for a house
01
Research the market
You will no doubt do your home loan research, but more important is that you do your homework and research on the area you are buying into by browsing newspaper and internet property listings and speaking to local real estate agents.
02
Determine your Borrowing Power
Once you have an idea of the property market, you need to know what home loan you can afford to spend and repay. Your borrowing power is determined by your income and financial commitments, as well as your current savings and credit history.
Our home loan brokers can help you determine your borrowing power along with any additional costs associated with taking out a mortgage.
Loan Process
Loan Process
03
Get your Home loan Tick of Approval
Now you know how much you can borrow for your home loan, make an appointment with us to have your finance pre-approved. While you don’t have to apply before you have found a property, a home loan pre-approval is recommended because it avoids any surprises and confirms your budget to go house hunting.
04
Make an offer on your property
Once you’ve found your dream property you can make an offer, the vendor may accept it straight away or negotiate on the price or other aspects of the sale. If you cannot agree on a price, you can withdraw your offer. If you buy a home at auction, you are required to pay a deposit usually 10% of the purchase price, immediately, if you buy privately, you are usually required to pay a holding deposit and then pay the 10% deposit when you exchange contracts.
05
Start the formal loan Paperwork
Contact us with the details of the property you want to buy so we can get the ball rolling on obtaining formal home loan approval. As part of this process the lender may organise an independent valuation of the property, to make sure the amount you’re offering for it is reasonable. You will need to provide us with a range of documentation.
Around this time the seller will make the Contract of Sale available to your solicitor or conveyance for review. The contract is a legal document that outlines your offer, the date of settlement, and any conditions that must be met before the sale goes ahead.
Once the loan is formally approved, there is further paperwork (the actual loan contracts) and a procedure to make the funds available for your conveyancer to control at settlement.
Once your loan is all approved there are a number of steps which include Arranging inspections, organising insurance, the exchange of contracts with a cooling off period and finally payment and settlement on the property.
Customised Loans for Professionals
Here at Davies Home Loans we go the extra mile to ensure you find a loan option that gives you the benefits and features suited to your unique needs. As high income earners are often less risk to lenders it allows us to access more competitive loans with your best interests in mind.
Our team has extensive experience with professionals from all industries and enjoy being able to help getting a loan less challenging that fits in with your busy lifestyle. Give us a call or get in touch today to see how we can help you.
Financial Calculators
When looking to get into the property market or refinancing your home the first step is to determine how much you can borrow. Our Financial Calculators allow you to get an estimate of your borrowing power, compare loans, and calculate your potential repayments.
Borrowing Power Calculator
Determine how much you could borrow based on your income, expenses and other debt.
Loan Comparison Calculator
Enter both your current loan and the new loan amounts, interest rates & fees to compare which loan will suit you.
Loan Repayment Calculator
Calculate your monthly, fortnightly or weekly payments required to pay your loan.