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Bank Offers a Zero Down Payment Physician Mortgage Loan in Kansas and Missouri
Doctors mortgage programs are offered as a benefit in many hospitals. Banks use these physician mortgage loans as an entry point to gain checking, savings, investment, and Home Equity Line of Credit accounts.
It’s important for physicians to realize that a Big banks objective is assets under management and not necessarily the best mortgage for them.
Many banks offered special zero down doctor loans and below market mortgages for physicians. With the upheaval in the mortgage and secondary market requirements (the people who bought those special physician loans), most of the doctors mortgage programs advantages went away, or became no different than what is available to every other borrower.
Get a second opinion
For this reason, it is prudent for physicians to be aware of the changes in doctors loan programs and seek expert independent 2nd Opinions consultations.
Link: www.MedicalBusinessAdvisors.com
Assessment
Many physicians needlessly over pay $10’s of thousands of dollars in interest to big banks. Over a career of homes and refinances, this could add up to well over $100K that could stay in their account.
Video link: http://www.youtube.com/watch?v=ygs81Rsk-Zw
Source: http://www.Physician-Loans.org
Assessment
- Real estate: For Doctors Considering Rental House Investments?
- The marketplace: Selling into a House Poor Market
- The economy: Update on Housing and the Economy
Conclusion
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Filed under: Financial Planning, Mortgage Electronic Registry System, Videos | Tagged: bank loans, banks, Doctor Mortgages, Physician Loans | 8 Comments »
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