Tag Archives: doctor mortgage

Do physician mortgages have higher closing costs and interest rates?

Physician mortgages can typically carry a slightly higher interest rate than a conventional loan.  This will vary greatly based on your situation (credit, amount down, specific bank rates and programs). However, physician loans don’t typically carry mortgage insurance, so even though … Continue reading

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Why do I need to provide so much documentation to get my doctor mortgage?

After the mortgage meltdown, the mortgage industry has needed to be more careful so that the least number of defaults happen, thereby avoiding another mortgage meltdown. Although that means more documents and more paperwork for clients, it also means that … Continue reading

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