For years physicians and dentists have had access to “physician home loans” or “doctor mortgages”, which allowed qualifying doctors to exclude student loan debts, purchase high value homes with less than twenty percent down, and require less than two years’ history for self-employed and independent contractors. But now, mortgage lenders can offer similar underwriting guidelines and underwriting flexibility for the typical optometrist and several other high income professional designations. Check out these trusted resources!
Primary Purchase | Refinance | Investment Properties
Lee Raykovicz, an Optometrist and licensed Mortgage Loan Officer at GoRascal, is committed to assisting clients in securing mortgages that align with their unique financial needs and goals. With a focus on transparency, reliability, and personalized service, Lee and his team guide clients through the mortgage process, whether they are first-time homebuyers, investors, or existing property owners seeking to refinance. Offering a variety of loan products, Lee's mission is to empower clients with knowledge and resources, fostering long-term relationships and helping turn homeownership aspirations into reality.
ODs On Finance Mortgage Financing
GoRascal is a low margin mortgage broker. What are the advantages of a mortgage broker compared to a retail or direct mortgage lender (banks/credit unions)?
- ✅ Access to multiple lenders. I have the ability to shop your loan to 60+ lenders ensuring the best pricing. This not only saves you money but time as well!
- ✅ Loan Options and Variety. Brokers can present borrowers with different loan options best suited to their needs (conventional, FHA, VA, no PMI options, low down payment options, bank statement loans, DSCR (investment) loans, “non- QM” loans.
- ✅ Convenience and Efficiency. Brokers can streamline the mortgage process by handling much of the paperwork and communication between you and the lender. This can enhance efficiency and reduce stress associated with the home loan process.
- ✅ Potential Cost Savings. While brokers charge a fee for their services, it typically ends up being much less than a retail lender and oftentimes paid by the lender. Also, with access to wholesale market pricing and lower overhead compared to a retail lender, mortgage brokers can be a great resource.
I am able to help any OD’s navigate through the home buying process but am not limited to only OD’s. Feel free to share my information to other colleagues, employees, office staff, friends and family. I have programs suited for everyone!
Location Requirements: AZ, CA, CO, CT, DC, FL, GA, IL, KS, MD, MA, MI, MS, NH, NJ, NY, NC, OH, PA, SC, TN, TX, VT, VA, WA, Coming soon: AL, ME, RI & More
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October 2023 Market Update for Optometrists: Latest Economic & Financial Trends
The economic landscape is characterized by a steady 3.7% inflation and cautious actions from the Federal Reserve, particularly in managing interest rates to avoid potential economic downturns. While some economic indicators like GDP growth appear robust, there’s a visible undercurrent of economic stress and mixed expert predictions regarding a potential recession in 2024.
Good vs. Bad Optometry Debt – 4 Ways to Use Good Debt to Your Advantage
That being said, debt can be a useful tool for achieving financial goals, but not all debt is created equal. Some debt can be beneficial, while others can be detrimental to your financial well-being. Let’s explore the difference between good debt and bad debt and how you can use debt to your advantage.
Q1/2023 Market Update for Optometrists: Latest Economic Trends And How To Adjust Your Financial Plan
Welcome to the Q1/2023 market update, where Aaron and myself will provide you with an overview of the latest economic trends and developments, including what we as optometrists should watch out for and how we should adjust our investing plans… So we hope to provide a comprehensive overview of the latest economic trends and developments, highlighting the challenges and opportunities in today’s market for optometrists.
State of ODs on Finance: 2022 in Review, and a Look at 2023!
It’s hard to believe, but the year 2022 has vanished in the blink of an eye. This past year, we’ve had the pleasure of seeing ODs on Finance continue to grow and help ODs on their financial journey, whether they be new grads or seasoned veterans. We are thankful for your attention, your questions and your contributions. Two tenets that hold paramount value to us at ODs on Finance are transparency and productive growth. In this letter, we will highlight how our community has grown, the various methods we provide value to our community, exciting new projects/acquisitions for 2023, and a look at our commercial interests/disclosures – trust us, you’ll want to read this! Here is a quick recap of 2022!
The OD’s Quick Guide into Active & Passive Real Estate Investment
You’ve heard it again and again that real estate is an excellent pathway to accumulate significant wealth. However, you should also know that most real estate investors do not get rich overnight, as it can take years for investment properties to accumulate enough equity and generate significant wealth. The nice thing about real estate is that there are many approaches to make money and to do so either requires a lot of your time, or very little of it. Simply put, real estate investing can typically be classified as either active or passive investing. Let’s take a look at these categories to learn which may be the best fit for you!
5 Big Challenges of Out of State Rentals & How To Overcome Them
If you are reading this, chances are that you have realized how lucrative the rental property market can be. Rentals can serve as a great source of passive income, but they certainly are not without risk. One strategy for decreasing your risk is to diversify your rental portfolio by investing in out of state properties. However, out of state investing is not without its own challenges. Let’s look at the 5 biggest challenges for out of state investing and how to address them.
Four Major Benefits of Investing in Out of State Rentals
If you’re reading this article, you most likely live in a state that has a high cost of living and home prices are skyrocketing at a pace that makes little sense in investing for cash flow. You’ve wondered how you can also own rental properties and enjoy the sweet success of passive positive cash flow that isn’t possible where you’re at. We’ll talk more about the disadvantages in a follow up article, but for now, we will dive into four major benefits of investing in rental properties out of state.
10 Reasons For Optometrists to Invest in Apartment Syndications & 2 Reasons to Not Invest in Apartment Syndications
When we started New Sight Capital, we set out on a mission to share the unique opportunity of apartment investing with our fellow optometrists. The challenge: not many ODs have ever heard of apartment syndications. In short, an apartment syndication is the pooling of collective capital from investors in order to acquire an apartment complex that would normally be reserved to larger, institutional investors. Although syndications have been around for years, they’ve typically been an instrument of very wealthy or well-connected accredited investors. We are setting out to change that by bringing syndications directly to the optometric community.
6 Due Diligence Tasks to Perform when Purchasing Rental Properties
Investing in rental properties can have a lot of exciting moments; however, one thing that people will never claim to be enthralling is performing their due diligence…Due diligence essentially refers to ensuring that you know everything possible about a property before signing on the dotted line. In this article, I will discuss due diligence, breaking it into tasks prior to making an offer and those done after your offer is accepted.