Podknife - Mortgage Minute - Rate Modifications for Physician Loans by Financial Residency

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Mortgage Minute - Rate Modifications for Physician Loans

Podcast |: Financial Residency
Publisher |: Financial Residency Network
Media Type |: audio
Podknife tags |: Business,; Careers,; Interview,; Management & Marketing,; Personal Finance,; Science & Medicine
Categories Via RSS |: Business,; Careers,; Investing
Publication Date |: Apr 10, 2024
Episode Duration |: 00:06:05

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up!

Some banks, including BMO, offer rate modifications for physician loans. What this means is that you can close a loan today with the current market rate, but can later "modify" your loan to a lower rate if rates go down.

This option is cheaper than refinancing your loan and does not involve the hassle of getting a new appraisal or providing all the documents to get a new loan.

You can reach Doug at Doug.Crouse@BMO.com">Doug.Crouse@BMO.com or go to www.DougCrouse.com.

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