In 2006, Bank of America realized that there was a great potential in securing newly trained physicians to have a mortgage. On average, US physicians are close to 30 years old when they complete residency and many are married and looking to buy their first home. With large amounts of debt, minimal prior work experience or credit history, and not enough money saved for a down payment, these new physicians were initially unlikely candidates for having a mortgage. Many banks have followed pursuit and taken advantage of their large earning potential by creating physician loans with no money down and loads of interest. Below [...]