Future Income
Lets registrars borrow on their projected consultant earnings, not today's pay.
What is Future Income?
Future income is a lending approach where specific lenders (under medico policy) assess a medical professional's borrowing capacity based on their projected future earnings — typically at consultant or specialist level — rather than current registrar or fellow pay.
Why it matters for you
The impact is significant. A PGY-3 registrar earning $110K might currently borrow $700K based on current income. Under a future-income approach, capacity could rise to $1M+ based on projected consultant earnings. Eligibility depends on specialty, training stage, and lender policy.