Description

Homeownership is often the most complex and emotional financial decision we make. In this episode, we're joined by Becky Sims, a mortgage loan officer with over 30 years of experience, to clarify the home-buying process for CRNAs. Becky shares her expertise on the unique challenges and opportunities CRNAs face, from student loan debt considerations to securing their first home.

Brett explores with Becky:

• Her journey into the mortgage industry and her passion for helping people find their dream home.
• The power of the physician loan program in Michigan, a specialized mortgage for CRNAs with no down payment and no PMI.
• Why student loan debt doesn't have to be a barrier to homeownership for new graduates.
• The importance of being a "conservative" buyer and avoiding the temptation to buy more than you can afford.
• Her advice on what documents CRNAs need to prepare for the mortgage process.
• The difference between a W2 and a 1099 CRNA when applying for a home loan.
• Her definition of success and how homeownership can contribute to a happy life.

Key Timestamps: 

(0:00) Welcome and intro to Becky Sims 

(1:43) Becky's career journey into mortgage lending 

(2:57) The excitement of helping people with their first home 

(7:33) Her connection to CRNAs and the physician loan program 

(9:10) The mindset of CRNAs approaching homeownership 

(10:05) The difference between W2 and 1099 CRNAs 

(11:03) How her personal life led her to specialize with CRNAs 

(13:40) Financial advice for first-time homebuyers 

(15:35) The timeline for the home-buying process 

(16:53) The unique features of her credit union's loans 

(19:35) Misconceptions about mortgages and prepayment 

(21:48) Limitations of the physician loan program 

(27:01) Becky's personal definition of success

#CRNAs #Homeownership #Mortgage #PhysicianLoan #FinancialPlanning

For more information and resources related to this episode, please visit the show notes.