CRNAs face several significant challenges when seeking real estate financing which can make it a challenge to obtain conventional mortgage financing. This should come as no surprise as most nurse anesthetists have a negative net worth (typically student loans exceed assets) and expect a large increase in income upon graduation.
We have just hit the worst levels we have seen since January 2014 in the mid to high 4% ranges (depending on credit scores). Let’s dive in and try to figure out what is going on.
Before we go into where we are today,
Physician Home Loans at Fairway Independent Mortgage Corporation.
About a year after we started serving physicians and dentists, I received a phone call from a particularly disturbed young man who was making his way across the country with his young family and a couple of kids,
How To Use Bitcoin for Mortgage Down Payment
Hi friends. My name is Josh Mettle with Fairway Independent Mortgage. And today we’re gonna answer the question I’ve been getting about cryptocurrencies and bit-coining. Can this be used, can these funds be used in a mortgage transaction for down payment to closing costs?
Particularly when physicians are just starting their careers, we see many of the same challenges in obtaining financing.
1. Large Student Loans
The first question I ask a client seeking mortgage financing is, “Do you have any student loans?” The majority of residents,