This is a guest post from Tyler Gossett. He is a mortgage professional with Fifth Third Bank and has extensive experience dealing with physician loans. Fifth Third physician loans are offered in the following states:…
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Physician Loans: Qualifying for a Mortgage with Significant Medical School Debt
New Student Loan Refinance Option For Medical Residents
Great news! There is hope for residents and fellows feeling the brunt of high interest rate student loans. Until recently, it was challenging and often impossible to refinance student loans to lower rates as a…
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How Much Should I Have in My Emergency Savings Account?
A common and significant misstep in the financial planning process is failing to plan for the worst case scenario.. especially for those early in their planning years. We all suffer, at one time or another,…
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How to Start Talking About Money with Your Spouse
The medical residency life is stressful. The hours are long. Every moment spent outside of work is precious. The pay is limited, and there are still student loans to deal with. With all these pressures,…
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Should I Rent or Buy My Home in Residency?
Many in the medical community believe residents and fellows should buy their homes – purchasing in the transition period between medical school and residency. This group often has the opportunity to take advantage of “physician…
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Disability Insurance Basics for Residents
We use insurance to protect many things in our lives – from jewelry to cars to homes – but many of us don’t think about protecting our most important financial asset: our ability to earn…
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15 Tips for Surviving on a Medical Resident’s Salary
Are you serious about living within your means and maximizing your resident salary? Here are 15 tips to get you moving in the right direction! 1) Determine what you’re working with In our area, the…
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Tackle Student Loans Sooner Rather Than Later
Even though physicians often earn hefty six-figure salaries, many graduate with a mountain of debt. According to the AAMC, 79% of physicians graduating in 2015 will face debts of over $100,000. Forty-three percent will be…
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How Do Financial Advisors Get Paid?
When looking for the right financial advisor, it can be tough to know where to begin. You know that you’d like help with your money, but you want to know that your advisor is giving…
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Should You Pay Off Debt, Build Up Savings, or Invest?
You made it through school. You’re a young professional working in the career you were trained for, and through your work you’re finally earning enough money to have a discretionary income. You really want to…
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Recommended Reading
We often receive requests for book suggestions related to personal finance, investing & financial planning. This is our most current recommendation list sorted by category. Investing The Investment Answer -Goldie & Murray All About Asset…
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