Are you a physician looking for a new home? If you already know about the advantages to physician mortgages you’re off to a good start. But another decision you’ll need to make centers around the rate. Is a fixed-rate mortgage or adjustable-rate mortgage better? As you might have guessed there are advantages and disadvantages to […]
Fixed Rate Mortgage or Adjustable Rate Mortgage? Read More »
New doctors and young professionals are faced with the age-old dilemma of buying or renting. Initially, for many, renting seems more affordable. But it’s money that you’ll never see again. On the other hand, homeownership can provide a home and help secure your long term financial future. Owning a home lets you accumulate wealth through
Primary Mortgage Market vs. Secondary Mortgage Market Read More »
Buying your first home is an unforgettable experience. For doctors, however, the experience can be delayed due to extensive education and training. But when the time comes, there is a big advantage when it comes to securing a home mortgage loan for doctors compared to everyday homebuyers. This article is going to cover what you
Mortgage Loans for Doctors in 2020 Read More »
Just like the human body, a house consists of many complex systems. The body has skeletal, nervous, digestive, and respiratory systems, and a home has heating, plumbing, electric, and structural systems. Like a human, a home can look in good health while hiding major problems internally. The older the home, the more likely it has unaddressed
Home Inspection for First-Time Buyers Read More »
Experienced doctors are making the move to employment over ownership, and young doctors are seeking the benefits for medical professionals that come with joining a hospital or healthcare system. More and more physicians are leaving private practices for hospitals. The Physician Practice Benchmark Survey conducted by the American Medical Association (AMA), in 2018 was the
Essential Employee Benefits for Medical Professionals in 2020 Read More »
Many insurance companies say cash value life insurance is a good investment vehicle. They sell it as a “tax-advantageous” way to save for retirement and other long-term needs. Others argue that life insurance is best used to provide for your loved ones in case you pass away early. In this article, we’re going to take a
Term vs. Whole Life Insurance Read More »
Disability coverage falls into short-term and long-term disability insurance. A disability is any injury or illness that limits your ability to work. Insurance companies do not treat all disabilities the same, because they’re not the same. High-earners, like physicians, often combine short and long-term policies to maximize their disability coverage and protection. In this article, we’re
Disability Coverage and How to Maximize it Read More »
If you are faced with relocating your practice, no matter if you’re just starting your medical career or a seasoned veteran, your next job can take you to another city. Buying a home in an area you’re familiar with is a big enough challenge, but relocating to a new city to start a new position
Relocating Your Practice While Buying a Home Read More »
You purchased a home several years ago with a physician mortgage loan, but now circumstances have changed and you need to move again. Maybe one of the following scenarios has occurred: You finished residency and plan to start a practice in another city. You’ve been practicing for some time and are transitioning into a hospital.
What Physicians Need to Know about Bridge Mortgage Loans Read More »
If you’ve been searching for a new home, you’ve probably come across foreclosed homes in your search. They catch your eye initially because of the price. Today, foreclosures aren’t as easy to find as they were after the housing crises, but they’re still out there. Unfortunately, there will always be homeowners who fall behind on
Should You Buy a Foreclosed Home? Read More »