After purchasing my 1st home as MS4, refinancing it as PGY1, then attempting to refinance it as PGY2, I’m now preparing to purchase my 2nd home.

Honestly, working with so many mortgage officers over a spectrum of mortgage companies in the past, I felt lied to and talked down to 99% of the time, and hence developed a severe aversion to the mortgage industry. Here to share my past woes & my recent pleasant experience with you and hope that you will avoid the negative experiences I had gone through before working with the most awesome mortgage banker, Travis Woods from BOA, ever.

February-May 2014: BBVA Doctor’s Loan

  • Mortgage banker was based in Florida while I was in California. This made things difficult. Our time zone difference made a serious lag time in our communication.
  • Banker had 30+ year experience in the industry; I had 0 (yrs). Serious asymmetry in knowledge. Banker tried to be sympathetic and stoop down to my level of lack of knowledge (I was learning really hard on the side & running all the numbers by myself in the dark, trying to keep up.) Banker got inpatient at times, understandably so.
  • The entire mortgage process was fear ridden. I insisted on getting a 30 year fixed rather than ARM. He did try to get me to see ARM could be better. I didn’t appreciate his wisdom.
  • Results: 4.375% 30 year fixed with 11% down Doctor’s Mortgage.

money eating mortgager
image courtesy of

January-March 2015: Multiple Mortgage Companies to Refinance My 1st Home

For 7 more ways to terminate your student loan, read the full article  published on Physician’s Money Digest here. 

Then make comment or ask questions on this blog; I usually answer them within 24-36 hours.

Landmines of Physician Home Purchase. (PMD1)

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