Should I Purchase My Residence During Residency?
Is residency the right time to buy a home? Probably not. Here are three principles of homeownership that a resident should consider before buying a home.
Buying a house is probably the most expensive purchase you’ll ever make. It requires knowledge of whether you actually should buy, how much you can afford, and the best way to pay for it.
Is residency the right time to buy a home? Probably not. Here are three principles of homeownership that a resident should consider before buying a home.
Impatience is a disease that keeps high-income professionals stressed about finances and running on the treadmill to keep up with their lifestyle. Show some patience and you'll have all the stuff you desire including financial independence.
The physician mortgage landscape is evolving, and entirely for the better. Now you have more options than ever before.
Many say mortgage acceleration is magic. You'll pay off your mortgage in 7 years! I recommend The White Coat Investor Mortgage Acceleration Plan and skip the HELOC fuss.
Paying off a mortgage early versus investing is a long-standing debate that won't be solved any time soon. Here are six reasons high earners probably ought to lean toward paying it off.
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I went over my HUD statement carefully. It was wrong. I wasn't surprised. Take a look. Competent settlement agents aren't as easy to find as you might think.
The American Dream has long included the concept of homeownership. Maybe it shouldn't. Lenders and realtors are only giving you one side of the story.
This medical student lived in an RV for a year to see the country and save money. It worked out pretty well.
Pay off your mortgage instantaneously, without raiding retirement accounts. Using these steps will put money in a relatively liquid taxable account to use to pay off the entire mortgage.
As a general rule, I recommend against residents buying a home for a number of reasons. However, there are exceptions to every general rule. More recently, I have become aware of a program that makes...
Waiving your mortgage contingency may be worthwhile to make your offer more competitive, but be aware of the risk of losing your earnest money.
Many other high income professionals are eligible for physician mortgage loans. This loan allows less than 20% down without PMI, is issued with a contract rather than proven income, and generally ignores the student loan burden.
A home is an investment, for better or worse. It has expenses, has capital gains (or losses) and pays dividends (saved rent). Invest wisely.
So you want to pay off your mortgage early. How should you do it? Read on for more info.
Should you pay off your mortgage early? Probably, but it depends. On what? Read on to find out!
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
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