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416 fixed vs variable, redraw vs offset, commercial loans, preparing to meet a broker + more (Q&A with a mortgage broker)

Dev Raga Personal Finance

CHAPTER

Navigating Mortgages for Medical Professionals

This chapter delves into the strategies and considerations for medical professionals, like doctors, when obtaining mortgage loans. It explores ways to avoid Lenders Mortgage Insurance, maximize loan-to-value ratios, and leverage offset accounts. The discussion covers topics such as negotiating with banks, differences between fixed and variable interest rates, risks associated with fixing loans, and the intricacies of mortgage brokerage for commercial properties.

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