The purpose of this article is to describe what a physician loan is and how it is used. It will also answer some of the top questions people have regarding physician loans. In addition, we will investigate investment property issues,…
As a physician, you know that buying a home is a major decision, and it’s important to have a good credit score when going through the process. There are many factors involved in monitoring your credit score during this time…
When you’re buying a home, there are several upfront and ongoing costs of home ownership outside of your mortgage payment that you’ll want to consider ahead of time, so you can budget accordingly and remain stress-free. Beyond the Purchase Price:…
First step of your home-buying journey: Find your Mortgage Loan Originator Are you a physician looking to purchase a home? That’s great news! Fortunately, there are mortgage loan options specifically designed for physicians – often referred to as a physician…
As a physician, you work hard to provide quality healthcare to your patients. With that said, it’s also essential for your health to take time off to recharge and rejuvenate! A vacation can be a perfect way to refresh, but…
We dug into Medscape’s “Young Physician Compensation Report 2022” to check out where young physicians tend to spend their money. Medscape surveyed 2,000 physicians under age 40. According to the report, compensation is rising for young physicians, yet there are…
Going into residency can mean moving across the country, a lot of changes in your expenses and financial habits, and trying to balance residency and settling into a new home. Setting up a budget during this time can help bring…
Are you a resident and trying to decide if you should buy or rent a place? It’s an important decision to make, as it can have a huge impact on your budget and lifestyle. In this article, we’ll discuss the…
Physicians can have unique financial situations, and physician loans from Physician Bank can be designed specifically with them in mind. Some of the benefits include the ability to finance up to 100% of the purchase price of a home, no…
When you’re applying for a physician home loan, Physician Bank is going to want to know that you can afford the monthly payments. One way they do this is by looking at your debt-to-income ratio. This number tells us how…
The 100% financing option while we started our first post-residency job, their rapid and efficient response rate to our questions and our numerous changes in schedule that occurred with our builder, and the absence of PMI were all extremely helpful.
Dr. David Ogden, UT