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
Advantages of Buying a Home during Residency Buying a home is a serious life decision for anybody, but in particular for new doctors in residency. During this period of transition for you – this time of reflection and new goal-setting for the next phase in your life and career –
Sourcing the Funds for your New Purchase You have decided to purchase a home and you have money put aside for this very big event. The money that you have worked so hard to save may be coming from your checking, savings, investment, or retirement accounts. Your lender will need
It’s that time of year again! There is a lot going on this time of year for people in the medical industry! Medical students are graduating, new residents are “matching”, some residents are choosing to continue their education with fellowship programs, and others are deciding which hospitals and/or practices will
Student Loan Solutions for Home Ownership Student loans allow you to invest in your future, and though that may at times feel overwhelming, the payments don’t have to be a burden. You may qualify for multiple options that will relieve you from such financial pressure as you take the next
How lenders see your income. W2 / K1/ 1099 Your income is a big piece of the puzzle when it comes to qualifying for a mortgage. The lender is required to calculate a monthly gross income figure using supporting documentation such as paystubs and tax returns. The calculated monthly income
What does the Fed announcement mean for you? Interest Rates: The question on everyone’s mind for quite some time was “when is the Federal Reserve going to raise interest rates?” We’ve been asking that question for about 6 ½ years. As it turns out and I’m happy to report, our
Keep those scores up! You’ll need it for the Doctor Loan Program Whether you are looking at a physician loan or another type of program your credit score is going to determine what your options are. Let’s specifically address physician loans. Since the benefit of this program is having the
Get Ready: It’s time to collect your loan documents. Let’s chat about “documentation” requirements. Providing documentation is going to be necessary when obtaining any type of a mortgage loan. You will be given an initial list of items needed, however if you can wrap your head around the idea that
Another post about Credit Scores Doctor Loan Programs usually require good to very good credit. Here are #4 habits to Improve your Credit Score The average credit score in the US is around 692 points. There are many people with bad credit, whose scores can go as low as 350
