Post Category: Debt Management
Public Service Loan Forgiveness Application Denial Rate Over 99%
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?
The Physician’s Complete Guide to Medical School Loans
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.
5 Physician Mortgage Loan Downsides You’ve Not Considered
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?
13 Mistakes Young Physicians Make With Student Loans
Medical school loans have quickly become the most complex financial issue facing young physicians. The average physician in training owes well over six figures. And these aren't your normal run of the mill loans. Student loans today come with high interest rates and...
The Complete Guide To Physician Mortgage Loans
On the surface, physician mortgage loans look great. No money down. No jumbo limits. No private mortgage insurance (PMI). Finally, it seems like a product exists to reward you for your time training to be a physician. After all, it’s been tough. For the past few...
The Most Important Money Habits To Teach Your Children
Kids are like sponges. They’re ready to soak up whatever we’re willing to teach. Now is the time to be teaching our children about money.
Excess money mixed with lack of money maturity can ruin lives. At its extreme, money can be the difference between life and death.
The Pros And Cons Of The 15 Year Mortgage For Physicians
Q: What are the pros and cons of the 15 year mortgage for physicians or other high income professionals?
Many physicians and their advisors fail to give the 15 year mortgage a fair shake. Here are the pros and cons…
10 Ways We Have Saved Our Clients Money
“I can’t afford to pay for one.”
“My net worth isn’t high enough.”
“I don’t have any extra money to save.”
“I’ll do it next year.”
7 Considerations Before Investing in Real Estate
The growing popularity in private real estate investing is becoming increasingly hard to ignore. With interest rates being held near all-time lows, money is cheap; and for many physicians looking to put their extra cash to work, real estate seems a viable option.
How Much Should Physicians Spend on Their Home?
So you're pre-qualified for the million dollar home, but should you buy it? House Poor According to Investopedia, “house poor” is a situation that describes a person who spends a large portion of his or her total income on homeownership, including mortgage payments,...
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