Webinar Registration

Are you a financial advisor looking to expand your expertise and better serve your physician clients? Join mortgage experts Jim Kernan and Brett Barrett for an in-depth webinar where we unravel the unique benefits and features of the Physician’s Mortgage, a specialized loan designed exclusively for medical professionals.

In this webinar, Jim and Brett will cover:

• What is a Physician’s Mortgage? Understand the fundamentals of the Physician’s Mortgage and how it differs from traditional mortgage products.
• Eligibility Criteria: Discover who qualifies for these loans, including medical doctors, dentists, veterinarians, and other eligible healthcare professionals.
• Key Differences from Traditional Mortgages: Learn why Physician’s Mortgages are a preferred choice for many medical professionals, including benefits like no private mortgage insurance (PMI) and flexible down payment options.
• Ease of Obtaining a Physician’s Mortgage: Explore the streamlined approval process, which often requires less documentation and allows for future income considerations based on employment contracts.
• Cost Comparison: Compare the cost structure of Physician’s Mortgages versus traditional mortgages, including interest rates, down payment options, and overall affordability.

Program Guidelines: Jim and Brett will provide an overview of common program guidelines, using our offerings as a point of reference:

• Loans up to $1.25 million with 0% down payment.
• Fixed terms of 30, 20, or 15 years, and adjustable-rate mortgage (ARM) options of 5, 7, 10, or 15 years.
• Discuss the popularity of ARMs among physicians who anticipate relocating within a few years.
• Rate comparisons showing the advantages of higher down payments versus 100% financing options.

Real-World Examples: To illustrate the practical application and benefits of Physician’s Mortgages, Jim and Brett share case studies from our own experiences:

• Established Physician: How they assisted a seasoned physician in purchasing a retirement home in Charleston with a lower rate than a traditional loan, enabling them to compete with cash buyers.
• Newly Hired Attending Physician: The story of a newly hired attending moving from Philly to Pittsburgh, securing a loan with just a signed employment contract, allowing for a smooth transition before starting their new job.
• Resident Physician with High Student Debt: How a resident with significant student loans was able to purchase their first home due to the ability to exclude student debt payments during residency or fellowship.

Personal Insights: Jim will share his own journey with the Physician’s Mortgage, having used it five times through various stages of his wife’s medical training and career progression, culminating in a recent construction mortgage with only 15% down and no PMI required.

*CE/CPE Eligible: 1 CE credit is available to attendees with these designations: CFP, CLU, ChFC and RICP. CPA attendees will earn 1 CPE credit. 

Field of Study: Specialized Knowledge

Prerequisites: There are no prerequisites for this session.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

NASBA Approved

Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.