How Lenders Assess Teacher Income: Permanent, Contract, and Casual Compared
TL;DR Employment type, not just headline salary, drives borrowing capacity. Two teachers on the same income can see outcomes differ by $80,000 to $150,000 depending on how their role is classified. Permanent teachers get the cleanest assessment, contract teachers face wildly different lender views, and casual or relief teachers encounter the widest policy variation between […]
Teacher Home Loan Discounts and LMI Waivers Explained for Australian Educators
TL;DR Teacher LMI waivers let eligible educators borrow above 80% LVR without paying Lenders Mortgage Insurance, saving $10,000 to $30,000+ depending on property price and deposit size. Eligibility varies by lender and role. Permanent school teachers qualify most easily, while casual, contract, early childhood and tertiary educators face tighter or different policy rules. A waiver […]