Saving up to $30,000 upfront
Save with discounted interest rates when borrowing up to 90%
Purchase your home with a reduced deposit between 5% to 10%
Get your loan approved sooner than expected
Available for both owner occupiers and property investors
Maximise your savings with the right loan structure for your profession
Banks have special policies tailored to medical professionals to help you save thousands of dollars in Lender’s Mortgage Insurance and allowing you to purchase a property with a reduced deposit compared to everyone else.
Lender’s mortgage insurance (LMI) is an insurance that protects the bank and not you in the event that you’re unable to pay back your loan. Generally, whenever you are borrowing over 80% of the property value, you will need to pay Lender’s mortgage insurance premium.
It’s important to understand that this insurance is not to protect you, rather it’s a premium you as the borrower have to pay because you are wanting to borrow at a higher percentage compared to what the bank is usually willing to lend.
Example of how much LMI you will need to pay to purchase a property for $750,000 to $1,000,000 and needing to borrow $675,000 (90%).
| Property Value | Loan Amount | Estimated LMI Premium |
| $750,000 | $675,000 | $16,674 |
| $800,000 | $720,000 | $17,785 |
| $850,000 | $765,000 | $18,897 |
| $900,000 | $810,000 | $20,009 |
| $950,000 | $855,000 | $21,120 |
| $1,000,000 | $900,000 | $22,232 |
It can take years to save up a 20% deposit, and according to this article from finder.com.au – it can take on average almost 20 years to save up a deposit in some suburbs
My partner and I worked with David and team. It was a very positive experience as we bought our first home guided by Kaleido loans.
Can’t thank David and the team enough for their helpfulness and professionalism! If you need a trustworthy broker who will keep on top of things, this is your go to.
Kaleido Loans was established in 2015 by its founder Jason He. Since 2015, we have been helping our clients find the best loan for their situation and guiding them to achieve their financial goals. During the process, Kaleido Loans has outgrown Jason’s home office and we are now based in the hear of Parramatta with Three mortgage brokers and three assistants.
Underpinning this growth is the principle of “always acting in our client’s best interest” and this has been our guiding philosophy from day one.
Our mortgage brokers are all qualified with the highest industry recognised Diploma of Finance and Mortgage Management. We are also full members of Australia’s leading industry bodies, the Mortgage and Finance Association of Australia (MFAA) and Finance Brokers Associates of Australia (FBAA).
We have access to arrange your loan with a diverse range of different lenders/banks. These lenders include the major banks (such as Westpac, ANZ, NAB, CBA etc) and non-major banks (such as ING Direct, Macquarie, ME Bank, Suncorp). In other words, banks with branhces as well as those without!
We also have access to other lenders who provide personal loans, car loans, equipment loans and commercial finance.
Our goal is to find you a loan that is suitable for your needs and requirements and continue to service your after settlement to ensure your loan continues to meet your needs as your life changes.
We conduct a detailed clients needs analysis and fact-finding process so we can fully understand your current financial situation and what your goals and needs are. Whether it’s to purchase your first home or purchasing your next investment property, by making sure we understand you, we can start the process of researching and personalizing, recommendations suitable for your situation.
After we shortlist a selection of lenders and their products, we then explain to you how these options match your needs, based on what you have told us.
Visit our learning centre to learn everything you need to know about home loans
Being able to buy your home with a 10% deposit instead of a 20% deposit and without any having to pay LMI can help you save even more because you don’t need to spend years on rent, which is helping someone else pay off their home loan.
Talk to our lending specialist to see what is possible for you!
Cerulean Finance Pty Ltd Trading As Kaleido Loans is a credit representative (494551) of Mortgage Specialist Pty Ltd ACN 050 601 093 (ACL 387025)
Cerulean Finance Pty Ltd trading as Kaleido Loans ABN 62 606 929 113
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