Manage Your Money

Home staging ensures your property is market-ready through high-impact rooms—such as your kitchen, living room, and master bedroom—and creates an impression that draws more buyers to schedule showings. If you’re a busy physician who doesn’t have the time to coordinate home preparations or wait for the right buyer to come along, home staging services are … Read more

Owning a home can help you build equity and put down roots. It’s also a smart way to save on taxes, especially if you’re a doctor looking to move states. The problem is that many doctors miss out on deductions and tax credits simply because they don’t have the right information. If you’re a self-employed … Read more

Mortgage insurance allows you to buy a house even if you can’t afford a 20% down payment amount while making your situation favorable to the lender by protecting them if you fail to pay. This can be a great decision in certain circumstances but also a financial nightmare in others. Determining if it works for … Read more

Mortgage fees usually cost 2% to 6% of the home sale price. These fees fall under closing costs and are part of the home-buying process. Most people save for a down payment or ensure they can pay the monthly mortgage payment. However, if you’re unaware of mortgage closing costs, it can become a burden as … Read more

As a physician, your home is likely one of your most significant investments, with the median home value for medical professionals being up to twice as high as the national average in the U.S. Having the right homeowners’ insurance is critical to safeguarding your property and financial stability. In this guide, we’ll cover everything you need … Read more

Key Takeaways The cost of buying a home in the U.S. is around $360,000. Even if you’re financially capable, there are many ins and outs in the home’s purchase price that you should consider to make the purchase process as smooth as possible. In this post, we’ll unpack the average costs of buying a home … Read more

Key Takeaways A home appraisal is an unbiased evaluation of a property’s fair market value by a licensed appraiser. It helps both the buyer and the lender ensure the property’s worth aligns with the amount of money being financed. Since real estate prices can vary widely, an accurate appraisal ensures you’re not overpaying and that … Read more

Key Takeaways If you’re a physician or other medical professional planning to buy or invest in real estate, you should know that home inspections are a crucial part of the home-buying process. A professional home inspection may make you spend a bit more, but it’ll save you from costly repairs in the future. It’ll also … Read more

Key Takeaways Despite an average annual salary of $196,187, many physicians face financial challenges when buying a home. Even high-earning doctors can struggle to save enough to make a down payment on their dream home because of medical school loans, rising living expenses, and a delayed start of their earning years.   Plus, when we … Read more

Key Takeaways Are you considering buying a home? Then you’ve probably heard about the term “down payment.” To help you, we’ve broken down everything you need to know before making a down payment. This includes explaining how they work, the pros and cons of making a large or small down payment, and the types of loans … Read more