Refinancing unlocks financial freedom for physicians.
Dr. Anya Sharma, a 35-year-old physician with a thriving medical practice, felt overwhelmed by her $280,000 student loan debt and desired to invest in new equipment for her practice. She was hesitant to take out another loan and wanted to explore options that wouldn't drastically impact her cash flow while also allowing her to upgrade her clinic.
By using Golden Door Asset's Cash-Out Refinance Calculator, we determined that Dr. Sharma could refinance her home, pulling out $75,000 to invest in her medical practice. The new loan, coupled with strategic interest rate shopping, reduced her monthly housing payment by approximately $200, freeing up cash for other investments and improving her overall financial flexibility.
The Cash-Out Refinance Calculator quickly modeled various scenarios by inputting current mortgage details, desired cash-out amount, and potential interest rates. We then used the Student Loan Calculator to analyze the impact on her overall debt-to-income ratio.
$2,400 annual savings on housing costs, plus an estimated $15,000 increase in practice revenue from new equipment.
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