Meet the Author
Daniel Wrenne, CFP®
Daniel values his faith in Christ and his family above all. He is an active member of Centenary United Methodist and enjoys spending time with his wife Alison and their two sons, Noah & Henry. Most of his spare time involves spending time with his family and chasing his boys around the house. It should also be noted that he has a hot sauce obsession which has resulted in a pretty serious collection… you might be surprised at how often Daniel uses hot sauce on his food.
As of 6-30-2018, there were 28,913 processed PSLF applications. Of those, only 289 (or just under 1%) had been approved. Pretty lousy, right?
For many physicians, refinancing your student loans can seem like a no-brainer. If you aren’t going for PSLF, and can afford the payments, it makes sense to take advantage of the lower rates offered by refinance companies, rather than continue to let interest accrue at the expensive federal rates which can, in many cases, exceed 7%. However, the decision to refinance is not always this simple
Student loans have become a big deal! 37 million Americans collectively owe over 1 TRILLION dollars in student loans – and yet nobody seems to fully understand them.
Physician mortgage loans tend to get sold as the best deal. They’re positioned as a no-lose product that you’d be crazy to pass on; all the benefits of traditional mortgages but without the big down payment and at no extra cost. Add in the special provisions designed specifically for physicians and you’ve got the swiss army knife of mortgage loans. Sound too good to be true?
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