Most traditional mortgages require at least 5% down on the home. Depending on where you're located, you may be looking at putting $10,000 down plus the addition of closing costs of 3% of the purchase price. That's a lot of cash to have on hand, which most physicians don't have right out of training.

Enter the physician mortgage. For many physicians, this is the answer they've been looking for. But it can also be a trap. In this episode of Physician Cents, we share what a physician mortgage is, why they're offered, and why you shouldn't always take advantage of one.

Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.

You will want to hear this episode if you are interested in...

• Is a physician mortgage a trap? [1:13]
• Conventional vs physician mortgage [4:04]
• The origination of physician mortgages [7:52]
• Don't buy when you can rent [9:00]
• Stay tuned for a future episode! [12:59]

The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don't expect!) about a sponsor, please let us know. We call it the "best of the best" for a reason, and we will maintain that standard for our listeners & viewers.

Connect With Physician Cents

• WealthKeel LLC
• Olson Consulting LLC
• Tyler Olson on Twitter
• Chad Chubb, CFP®, CSLP® on Twitter

Subscribe to Physician Cents

Apple Podcasts

Audio Production and Show Notes by - PODCAST FAST TRACK