Are you a physician thinking about buying a home but tired of the usual “30% of your income” rule? In this episode, we explore how to figure out how much house you can really afford as a doctor, without relying on arbitrary percentages or just what a lender says you can borrow.

We talk about the smarter way to approach physician home buying, including:

·         How to calculate the total cost of homeownership, factoring in property taxes, homeowners insurance, and maintenance and not just your mortgage payment.

·         Why using a reverse budget helps you align your housing budget with your savings, investments, and long-term financial goals.

·         How physician mortgage programs can allow no down payment and no PMI, and what that means for your overall financial plan. 

With a step-by-step example, we break down the numbers in a way that’s easy to understand, showing how to make a financially smart home purchase that supports your lifestyle instead of constraining it.

Whether you’re buying your first home as a doctor or upgrading to your next home, this episode gives practical strategies to make a confident, informed decision.

 

 

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Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .

You can learn more about Elisa at her website or follow her on social media.

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