A doctor’s career can be segmented into three phases:
School years
Post-graduate training years
Practicing years
Borrowing may become necessary, for different reasons, in any or all of these phases. These are the common stories we have heard and seen for each of the three phases of the doctor lifecycle:
Learn
The School Years
Relocation following graduation
Initial housing outlay – first month rent, last month rent and security deposits
Down payment on a home (when it beats renting)
Engagement and wedding expenses
Car purchase or repair costs
Grow
The Training Years
Childcare expenses
Moving expenses (when it can’t be negotiated in an initial employment agreement)
Refinancing of credit card debt
Oocyte cryopreservation
Work
The Practicing Years
Unexpected emergency expenses (that exceed your personal emergency fund)
Home improvements (when saving beforehand is not possible)
Credit card consolidation
Career development
Should I borrow?
The first question to ask when considering whether to borrow is: “Can I do what I need to do without additional debt?”
If the answer is “no”, then Doc2Doc can help you get to where you need to be.
Applying for pre-approval through Doc2Doc will not impact your credit and will provide you with a preliminary interest rate. After receiving your pre-approval, you should have the information necessary to know if a Doc2Doc loan is right for you.
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