If you know someone working in the medical field, there’s a good chance that they are struggling with high levels of student loan debt that’s blocking their homeownership goals.
TD Bank, one of the top 10 largest banks in the US, addressed this pain point by creating a specialized mortgage loan designed for medical and dental professionals. In a recent MPA TV episode, TD Bank national sales director Scott Lindner talked about its medical professional mortgage loan product that assists physicians and dentists in buying a home.
“TD recognize that many medical professionals faced mounting student debt, and they lacked significant earnings history, which really prevented them from traditional mortgages or even deterred them from actually trying to get one,” Lindner said. “At the same time. Many were unaware of the options that were available to them, that can put them on the path to homeownership, despite having that high earnings potential that new doctors had.”