How Not To Become House Poor Buying your first home after medical school is an exciting time. You are finally going to be receiving a real paycheck for all of the hard work you have put in for over a decade. It is tempting to jump right into the house hunt and buy the largest …
Budgeting For a New Home After years of student income and tight expenses, it can be tempting to throw caution to the wind and operate without a budget, upon completing medical school or your residency. This would be a big mistake, because history shows that as income rises, so do expenses. No one has limitless …
How to Choose the Best Real Estate Agent Real Estate agents have a wide range of expertise and approaches to real estate purchases. Finding an agent you can trust, will listen to your needs, and will work to find you a home will create a strong relationship. Purchasing a home can last anywhere from 30 …
Advantages of Using a Real Estate Agent With the abundance of resources available online it can be tempting to find and purchase a home without the assistance of a real estate agent. Gaining a better understanding of the real estate purchase process will highlight the advantages of securing your own personal buyer’s agent. How Does …
You deserve it right? You’ve worked so hard for so long and now it is your turn. You’ve watched your friends (in non- medical lines of work) buy cars, homes, etc , and now it’s your time right??? Well, hold on Doc. I may end up talking you out of buying a home. Let me …
House Calls? Doctor Loans and the Lowdown on Renting Versus Owning as a Doctor There was a time when the question of whether or not, as a physician, you should rent or buy a home depended heavily upon where you were in your career. Whether you were a resident, attending or retiree played a large …
Personal financial management is a serious issue for a lot of people. When it comes to home ownership, there are a lot of considerations that a new doctor needs to incorporate into their budget planning. The ideal situation is to draw up a budget based around the provision of your mortgage payment. Remember that late …
Doctor Mortgages and Flawless Home Loan Purchase Advice In the post-mortgage meltdown world of mortgage lending, physicians face more challenges and have a higher rate of underwriter decline than any other professional client we work with. It’s shocking but true. Spend a few minutes in physician chat rooms where the topic is mortgage and …
By James M. Dahle, MD, FACEP Editor of The White Coat Investor I first started reading SDN as a medical student, more than a decade ago. In medical education, some of the best advice seems to come from those who are one year ahead of you in the medical education pipeline. SDN allowed me access …
What are doctor loans? A Doctor Loan is a specialized home loan financing program for medical doctors, including residents and fellows, looking to purchase or refinance their primary residence. In most cases, only a minimal downpayment is necessary (if at all), Private Mortgage Insurance (PMI) is not required, and a range of fixed and adjustable …
