ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 162: How Much Home Can An ER Doctor Afford?

Like most things financially related, EP’s are simply different than the average American. Purchasing a home is no different. So when the question of home affordability comes up, there are a lot of additional considerations at play than what may be necessary for others. We’re talking income variability, tax responsibilities, accelerated saving obligations, and so much more.

On today’s episode, we’ll address home buying from the perspective of an ER doc and all the things that you should be considering beyond what a lender may approve you for.

    

Topics Discussed:   
  • Why buying a home is different for ER docs.
  • The most important takeaway when it comes to dealing with lenders.
  • What DTI is and why it’s so important during the home-buying process.
  • How lifestyle plays into home buying.
  • The costs of buying a home.
  • The importance of planning ahead.

Resources Mentioned:

Tags

buying a home, home buyer, ER doctors, ER docs, emergency doctor, financial planning, financial plan,