Prequalification vs. Preapproval

What is the difference?  Regulation B (Equal Credit Opportunity Act) and Regulation C (Home Mortgage Disclosure Act) dictate in most cases what is appropriate: “prequalification or preapproval”.  In simple terms preapproval suggests that there may be a property involved and the loan has been through the underwriting process where it technically may be considered an … Read more…

Residency to Retirement: A Physician’s Guide

 Whether starting out or selling out, providers have lots of questions about money. The experts have answers. AUTHORS Melanie Kilgore-Hill       Pro athletes aside, some of the biggest paychecks in America belong to physicians. According to the U.S. Department of Labor, primary care physicians earn approximately $240,000 annually, with specialists clearing more than $400,000. … Read more…

5 Financial Reasons Physicians Should Buy a Home

In 2013, The Managing Director of the Joint Center of Housing Studies at Harvard University released a paper on homeownership. In his paper, he revealed five financial reasons people should consider buying a home. Here are the five reasons, each followed by an excerpt from the study:   1.) Housing is typically the one leveraged investment available.  Special doctor … Read more…