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Can you explain what a portfolio loan is?

posted on March 10, 2011 by Chris Grubb

A portfolio loan is a mortgage loan that is held by a bank as an investment. This type of mortgage is held by that bank rather than being sold on the secondary market. The reason the banks hold this type of mortgage is due to the fact that the loan does not comply with the underwriting… Read More

What are the benefits of a portfolio loan?

posted on March 10, 2011 by Chris Grubb

Underwriting guidelines for a porfolio loan can be far more flexible than for a loan which is being sold to an investor in the secondary markets (Fannie Mae, Freddie Mac …). This flexibility can often mean that the underwriter of the portfolio program can use a much… Read More

What physician loan interest rates do your lenders offer?

posted on March 10, 2011 by Chris Grubb

In general, the interest rates on the physician loan programs offered by our lenders are slightly higher than a traditional loan; these higher rates help offset the additional risk the bank takes on when you borrow 100%. Keep in mind that each lender’s loan program… Read More

Are physician loans exclusive?

posted on March 10, 2011 by Chris Grubb

No. But realize that physician loans are made available through very few banks and a few credit unions. The loan programs and guidelines vary by institution. Physician Relocation Specialists has relationships with the banks and other institutions that would love to… Read More

Bank of America Launches its New Doctor Loan Program

posted on August 9, 2010 by Chris Grubb

The Bank of America Doctor Loan is the most widely referenced and recognized loan program of its kind. When Bank of America canceled their program in March of 2009, many physicians were challenged to find alternate home loan solutions that would provide them with perks… Read More

Bank of America Launches its New Doctor Loan Program

posted on August 9, 2010 by Chris Grubb

The Bank of America Doctor Loan is the most widely referenced and recognized loan program of its kind. When Bank of America canceled their program in March of 2009, many physicians were challenged to find alternate home loan solutions that would provide them with perks… Read More

Your Credit Score and the Physician Home Loan

posted on June 11, 2010 by Chris Grubb

Whether you are interested in a physician home loan, an FHA loan or a conventional mortgage, determining your credit worthiness (called a FICO Score), is a necessary first step. If you wish to qualify for a physician loan, it’s important to understand what a FICO score is… Read More

Your Credit Score and the Physician Home Loan

posted on June 11, 2010 by Chris Grubb

Whether you are interested in a physician home loan, an FHA loan or a conventional mortgage, determining your credit worthiness (called a FICO Score), is a necessary first step. If you wish to qualify for a physician loan, it’s important to understand what a FICO score is… Read More

What is a Declining Market?

posted on June 2, 2010 by Chris Grubb

So you’ve been told by a lender that the market you’re buying in is a declining market—but what exactly is a declining market? And how will it affect your mortgage? Declining markets – defined.Surprisingly, there is no standard definition of a declining… Read More

What is a Declining Market?

posted on June 2, 2010 by Chris Grubb

So you’ve been told by a lender that the market you’re buying in is a declining market—but what exactly is a declining market? And how will it affect your mortgage? Declining markets – defined. Surprisingly, there is no standard definition of a declining… Read More