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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.
Lee is an optometrist and mortgage loan officer and will provide any ODs on Finance referral the VIP experience. As an O.D. himself he appreciates the economic implications of student loan debt and running a business. The following are just a few of the scenarios available.
- Physician Loans
- Conventional Loans
- VA/FHA Loans
- Bridge Loans
- Commercial Loans
- Fix and Flip Loans
Email: Lee Raykovicz at Leerayk@gmail.com
First Horizon’s Professional Loan product is designed for professionals and optometrists who are just starting their careers and have excellent potential for higher future earning. It is ideal for those who are paying off optometry school expenses, investing in a practice, have limited saving or simply prefers to have maximum financial flexibility.
Having orchestrated over $1.1 billion in lending volume during his career, Tony has consistently been ranked as one of the top mortgage loan officers in the industry by the Scotsman's Guide, Mortgage Executive magazine and Mortgage Originator magazine.
Mortgage Program for Optometrists
Up to 97%* Financing available for qualified applicants
Low down payment options
Expanded loan-to-value ratios
Financing available for up to 4-unit primary residence properties
Purchase and refinance options available
Available for 30-years fixed rates
Quick Turnaround times with local processing closing personnel
Competitive fixed rates available
No Private Mortgage required
Max Loan Amount is $647,200 for 1-unit Primary Residence property
Special 'Aggressive' Doctor loans available
- Only in select states, FL, GA, NC, SC, VA, TN, AL, AR, TX, LA, NY, NJ, CT
- 100% financing
- No PMI
- Loan amounts up to $2 million
- No reserve requirements
- Can close up to 90 days prior to your start date
- Very strong interest rates available
- 90% no PMI jumbo loan available to any client (do not have to have a specialty occupation)
- Construction/Renovation Loan
*For 97% LTV/CLTV, at least one borrower must be a first time home buyer
Location Requirements: Eligible in all States except for Alaska and Hawaii
Contact: Tony Umholtz at Tony.Umholtz@firsthorizon.com
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.
7 Ways to Buy Your First Home with an Investor’s Mindset
In March 2021, my fiance and I made the largest purchase of our lives, we bought our first home in the Bay Area CA, specifically in the East Bay Area. No, this article isn’t about us celebrating the idea of having our “forever” house, but more about the vital decisions and mindset that we had to enforce to start building our RE Investing portfolio. Here are 7 strategies on how to buy your first home with an investor’s mindset.
How Much Profit Should Rental Properties Generate?
For real estate investors, the ultimate goal is obviously profit. However, one of the most common questions people have when considering investing in a rental property is: how much profit should expect? This article will help you to estimate your potential profit on a particular property investment. There are a number of variables that should be considered whenever estimating profit. It is also important to remember that every market is somewhat different. However, ultimately, there are a handful of core questions that can be asked to help estimate potential profit.
10 Tips for a Successful Insurance Claim after a Fire
A fire is something that no one ever wants to deal with, and is something that can turn your life upside down for a while. Having proper insurance and understanding the process behind dealing with a fire are key for being able to recover from a fire. Let’s take a look at the steps of the insurance claim process.
Before you continue reading, let’s create a folder on your computer, and title it “Documents for Insurance Claims”. You’ll need it to add important items in. Here are 10 Tips for a Successful Insurance Claim after a Fire.
My Rental Property Caught of Fire: A Four-Part Case Study
On September 10th, 2020, I received one of the most devastating phone calls a landlord can receive. It was followed by a much more distressing email with pictures of the event. My property management never calls me, so when I saw their phone number come across my caller ID, I had a gut feeling that something was wrong.