How to negotiate after home inspection

How to negotiate after home inspection Is there an art to negotiating the deal? You have negotiated a savvy deal on your new home and you are awaiting your home inspection results. The home looks beautiful and you like the way it makes you feel until you review the inspection results. Perhaps a new roof […]

Why would a bank offer a Doctor Loan?

Why would a bank offer a Doctor Loan? What is the motivation for the bank to offer a Doctor this type of loan? Physician loans, also referred to as doctor loans, present a unique set of circumstances for lenders because new doctors do not have any work history and usually have a significant amount of […]

Med School Loans and Income Based Repayment (IBR)

Med School Loans and Income Based Repayment (IBR) Qualifying for a Doctor Loan: Medical School Loan Deferment (Waiving medical school loans from your qualifying debt to income ratio when qualifying for a Doctor Mortgage) This topic of discussion often comes up because many physician lenders simply advertise “medical school loans not counted in debt ratios”. […]

Length of Time Since Residency

Length of Time Since Residency Length of Time Since Residency: Things to consider when selecting a lender Some physician mortgage lenders place a limit on the length of time that you have been out of residency. Other lenders have no restricts whatsoever on length of time since residency. If it has been over 10 years […]

What do most Physician Loans have in Common?

What do most Physician Loans have in Common? What is a Doctor Loan?A Doctor Loan or Physician Loan is a mortgage specifically designed with medical professionals in mind. They offer features unique to individuals in the medical profession. What features do most Physician Loans have in common?The ability to finance more than 80% of the […]

Let’s Talk about Income

Let’s Talk about Income Many physician lenders offer some unique ways of looking at your income. Often the guidelines for determining your employment are more flexible than your typical Conventional Loan. When researching a mortgage for doctors consider your options. Qualifying for a Doctor Loan:Types of Doctor Employment:Physician lenders often consider the following categories of […]

Is a Doctor Loan right for you?

Is a Doctor Loan right for you? Physician loan vs FHA and Conventional A Doctor Loan is a specialized home loan financing program for medical doctors, including residents and fellows, looking to purchase a primary residence. In most cases, only a minimal down payment is necessary (if at all), Private Mortgage Insurance (PMI) is not […]

What really is a Pre-Approval?

What really is a Pre-Approval? Understanding the Pre-Approval Process The last few years have brought about significant changes in the mortgage and home loan process. Gone are the days of stated and no verification loans. This has resulted in significant changes to programs that cater to physician loans. As a result pre-approvals have become an […]