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Mortgage Fees for Doctors: How Much Will You Pay in 2025?

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

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Homeowners’ Insurance Explained [In Simple Terms]

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

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Down Payment Assistance Options For Physicians

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

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Buying a Home for Physicians: How to Find a Real Estate Agent

Key Takeaways If you’re a physician or other medical professional planning to invest in real estate or buy your dream home, you may find it challenging to look at properties without the help of a real estate agent. Real estate agents or brokers assist people in buying and selling houses. Their role includes educating you … Read more

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Best Home Staging Companies [& How They Work]

Key Takeaways Getting your property sold goes beyond taking a few fancy photos of your space to make listings on third-party platforms like Zillow. The homebuyers market is competitive, and it’s possible to go several months, or even years, before making a sale. Home staging companies take all the hassle out of the process, helping … Read more

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Your Guide to Virtual Home Staging as a Physician

Key Takeaways If you want to practice in another state and sell your old home, the medical licensure and board certification preparation may not leave you enough time to do real, physical home staging. That’s where virtual home staging comes in. It saves you time and the hassle of coordinating with stagers, managing rentals, and supervising setup. … Read more

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Closing Costs Explained: Amount, Types & How Much They Cost

Key Takeaways Investing in and selling real estate offers a great passive income opportunity for doctors. However, before you make your first sale, there are expenses you must pay before closing the deal. These expenses are called closing costs, and their amount varies by state and transaction. If you want to learn more about these … Read more

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When Is the Best Time to Sell a House? Maximizing Home Value

Key Takeaways The best time to sell your house is during spring or summer, with the peak buyer activity in March, April, May, and early June. If you’re ready to list, aim for Wednesday or Thursday to maximize visibility and interest. While these seasons offer a great chance for a profitable sale, factors like current … Read more

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What Is the Average Salary of a Travel Doctor in 2024?

Key Takeaways Travel doctors or locum tenens doctors, typically work on short-term contracts to treat patients in different locations and earn around $226,382 a year. On average, they have a higher pay than permanent hospital residents, but their salary can significantly vary depending on their specialty. What Is a Traveling Physician? Traveling physicians work as … Read more

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