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…
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How Much Should Physicians Spend on Their Home To Avoid Becoming House Poor?
So you’re pre-qualified for the million dollar home, but should you buy it? I’m sure you’re not looking to become the next house poor physician, right? Yet, many physicians find themselves in this unfortunate position. Why?…
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Simple Steps To Determine if You Should Refinance Your Mortgage
So, Brexit was big news! Everyone thought it would crush investments. And it did for a couple days. But investments fully recovered a few weeks later. So much for the stock market crash. But you…
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Mortgage Breakdown: Fixed Rate vs ARM
For many physicians, one of the biggest financial milestones in life is buying a home. There is a feeling of accomplishment that comes with a successful home purchase, as well as a feeling of freedom…
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How To Determine If Your Loan Interest Rates Are Competitive
Would you believe me if I said the typical American young professional is paying 2% more interest on their debts than they should be? It’s not you though, right? Let’s say this is actually true……
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Physician Loans: Qualifying for a Mortgage with Significant Medical School Debt
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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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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