top of page
UP TO 90% VARIABLE RATE SPECIAL OFFER (>$250K)
Variable rate
5.29
%
p.a.
Comparison rate*
5.30
%
p.a.
Key features
-
Borrow up to 90%
-
Up to $5K rebate
-
$0 application fee
-
$0 monthly fee
-
Free redraw
UP TO 90% FIXED RATE SPECIAL OFFER (>$250K)
1 yr fixed rate
5.64
%
p.a.
Comparison rate from*
6.79
%
p.a.
Key features
-
Borrow up to 90%
-
$0 application fee
-
100% offset facility
-
$0 monthly fee
-
$395 annual fee
Why don't all banks offer 90% loans without LMI? And why are we different?
You're not going to like this...
The truth is they already do - just not for you.
For years the big banks have given LMI waivers to an 'exclusive' list of professions borrowing over 80%.
Doctors, Judges and Lawyers have been enjoying LMI free purchase and refinance loans and saving tens of thousands of dollars in Lender's Mortgage Insurance in the process.
All the while good credit borrowers in equally respectable professions have been overlooked.
It isn't fair, but we don't expect that to change anytime soon either.
Want the good news...?
There are banks out there who care about customers as much as their bottom line - you just haven't heard of them.
Smaller banks are just as secure as big ones. But unlike big banks, they typically specialise in one type of customer group.
These banks know that certain professions are just as safe to lend to as Doctors. Better yet, their rates are often lower because they don't waste millions on brand ads and brokers channels.
We specialise in helping small banks like these bring their amazing products directly to the people that deserve them the most.
That's probably how you found us!
Who is eligible and what exactly is LMI again?
Eligible Applicants
Not so long ago, certain professions were revered with equal respect to the likes of Doctors and Lawyers.
We call them Everyday Heroes: Professionals serving the community, keeping us safe, well, educating our young and caring for our sick and old.
Everyday Heroes
-
Nurses
-
Teachers
-
Police
-
Fire Fighters
-
Paramedics
-
And more...
LMI explained?
LMI stands for Lender's Mortgage Insurance. LMI is the insurance premium you (the borrower) pays to protect the bank from you.
The greater the risk (the higher the loan as a % of the value) the higher the premium.
LMI is payable on loans above 80% and it is the number one reason why:
-
Home Buyers take years longer to get into the market and repay their mortgage
-
Home Owners are forced to remain in bad loans paying thousands more each year in wasted interest
It isn't unreasonable to expect more and we can help you get what you deserve.
$5K home loan cash back offer
For a limited time, purchase a home or refinance via Parker Lane and you could receive up to $5,000 cash back on settlement. T&Cs apply.
Why people love us
3,000+ happy customers and counting
At Parker Lane we've famous for being the little brokerage that wins big awards for satisfying our customers.
With more than 3,000 happy customers in just 4 years, we estimate that on average we save people $35,579 by financing with us.
The most direct path to big savings
1
Qualify
Take the 10 minute challenge with one of our friendly first home experts.
2
Get Approved
Once you get qualified we'll lock in a plan and get you approved ASAP.
3
Settle Loan
We'll take care of settlement so you can relax.
Thousands of 5-Star Success Stories just like this one
4.92
Out of 5
Amanda N
Stockwell, SA
"We found staff at Parker Lane professional and and helpful in every way, making the process stress free and easy.
Keely helped us by offering a variety of loans and options, some options we would never have considered or known about based on our situation.
Alana always kept us up to date and we highly recommend anyone looking at refinancing, consolidating or for any other loans with Parker Lane.
Thank you Keely and Alana for assisting us during this process, we are very excited about paying off our home loans sooner."
Tired of scrolling?
Get a hold of a Parker Lane human on 1300 13 17 11.
OR email hello@parkerlane.com.au to get the help you need.
_edited.png)
RESEARCH YOUR OPTIONS
Home Buyer's Guide
Good Solar Guide
Home Improvement
Track Your Wealth
LEGAL & DISCLOSURES
Privacy
Terms & Conditions
Credit Guide
© 2018 Parker Lane.
Parker Lane is a trading name of Upside Downside Pty Ltd. Australian Credit License Number 482276
The information contained in this website may not be current or complete, or may not remain current or complete, and therefore under no circumstances should be relied upon. No warranty or representations as to its accuracy or completeness is provided. We are not liable to your or any other person for loss, damage or injury arising from the use of, or reliance on, this information, including but not limited to loss suffered in connection with incorrect or out of date information. It is not intended to be a substitute for professional financial advice and does not purport to guarantee any projected amount of borrowings. All applications for credit are subject to normal credit approval criteria. Parker Lane specifically disclaims any responsibility or liability for any losses or damages arising from any use of or reliance upon any calculations or conclusions reached using this website. See our credit guide for further details.
bottom of page