Tag: student loans

It is no secret that student loans cause debt ratio issues when qualifying for a home loan.  While mortgage lending hasn’t caught up with student loan debt payment options, there are great solutions available.  So let’s share creative ways millennials and first time buyers with even large student debt could buy a home.  Plus buy a home with great […]

VA Loans: Multiple Properties, Federal Tax Debt, Student Loans, Trailing Spouse Income There are so many guidelines that no one can know them all, but knowing where to find the answers is important.  This is what we look to do for buyers, real estate professionals, and others who need answers to tough mortgage and real […]

Income Based Repayment (IBR) and FHA Mortgages The problem many FHA buyers run into when buying a home is a high level of student loan debt Student loan debt levels are at a record high and continue to rise quickly.  Coming out of college with a mountain of debt and of course the monthly payments, is causing a […]

Student loans play a big role in people’s finances nowadays.  It is certainly true with mortgage loan approvals as well. CNN Money reported in an article that the average student loan debt for the class of 2012 is $29,400! Read the article here.  Student loan payments are typically included in calculating a borrower’s debt to income ratio.  […]