If you are on an income based repayment plan for your student loans, your monthly payment will be based on your household's "discretionary income". What is your discretionary income, and what can you expect your monthly student loan payments to be based on your discretionary income? Use this calculator to find out:Read More
Young doctors and physicians looking to buy a house are often faced with a few problems qualifying for conventional mortgages. They have little savings for a down payment, typically have a large amount of student loan debt, and depending on where they are in their careers, have low income (but the prospect of much higher income later).
There is a product that exists exclusively for residents and physicians in just this position, called the ‘Doctor Mortgage’, or ‘Physician Mortgage’.
So, should you jump on that doctor mortgage offer? Here’s a look…Read More
The Average Medical Resident Needs Financial Planning. With an average student loan debt of $191,000 and salary of $57,200, it can be tough to make ends meet. Here is an example of a medical resident that saved more than $280,000 by working with a financial planner.Read More
Is it wise for medical residents to apply for student loan forbearance while in residency? Here’s how to calculate the cost of forbearing your student loans, and some additional options you should try before applying for forbearance.Read More