Contact Mortgage Broker Revesby

Name

Email *

Message *

Do police officers get special home loans?

on


Do police officers get cheaper mortgages?

How Much Can A Police Officer Borrow?

As a government employee with stable earnings, Police Officers have special exemptions & rates:
✅Lower interest rates: lenders will compete for your business due to the stability of your earnings.
✅Borrow 95% of property value: must buy in major city, have stable income, minimal debts & clear credit.
✅Borrow up to 100% of property value: if you have a guarantor you can borrow 100% of the property value + purchasing costs.

Let us help you


Police salary packaging?

✅Some banks will accept fringe benefits as tax free. This means they will add back 100% of novated car lease or clothing allowance as income. Improves your borrowing power.
✅An employment letter is needed.

Police overtime?

✅Most bank assess overtime at 70%. This reduces your borrowing capacity. Some lenders will assess a police officers over time at 100% helping you borrow more.
✅You'll need an employment letter stating your overtime has been going for at least 12 months; 2 recent payslips, and your most recent group certificate.

Police officers 2nd job

✅Yes, if it's in the same line of work like security guard or consulting.
✅Expect this income to be assessed at 60-80%. However some lenders will assess at 100% if you've been working at least 1-2 years.
✅Some lenders will accept if you have clear debt history and a strong deposit.

Police Home Loan & Lenders Mortgage Insurance?

✅Borrow 85% without paying LMI.
✅Saves you over $9,000 on a $800,000 loan.

Police Qualification Process?

✅Borrow less than 85% property value
✅Borrow less than $1.5 million
✅Stable income & 6-12 months in your role
✅Clean credit file

Which Police Officers Do We Help?

✅Police officers & detectives
✅Forensics, Police dog & Highway patrol officers
✅Marine police officers
✅Aviation & riot squad police officers
✅Mounted & tactical police & transport officers
✅NSW Police, Victoria Police, Queensland Police, Tasmania Police, South Australia Police, Northern Territory Police, Western Australia Police, Australian Federal Police, Australian Border Force.



I'm here if you need me.
No fee service.

Matthew Stack
matthew@mortgagebrokerrevesby.com.au
0423 237 242


#police #policeofficer #mortgage #homeloan #mortgagebroker #mortgagebrokerrevesby #mortgagebrokersydney








Location: Revesby, Sydney Revesby NSW 2212, Australia
Home loan Car loan Truck loan Refinance Debt consolidation

Comments

Post a Comment