I went to a mortgage conference last week, and one speaker (who is also an attorney) suggested that within this next Presidential Budget we would likely see the introduction of a new "breed" of …
Student Loan (IBR) and Mortgage Qualification
We've had a ton of questions from folks, looking for information about their Student Loans, and how the payments on the deferred student loans, and IBR Student Loan payments will be looked at when …
Continue Reading about Student Loan (IBR) and Mortgage Qualification →
Student Loans in Forbearance and Mortgage Approval
I've been asked recently about the difference between Student Loans that are Deferred, and Student Loans in Forbearance and Mortgage the Approval process. Both student loan deferments and student …
Continue Reading about Student Loans in Forbearance and Mortgage Approval →
USDA Student Loan Updates
USDA has long seen the benefit of a College Degree - and in fact USDA Home Loan Underwriters will use Higher Education as a "compensating factor" when a family is close on the debt ratios! Unlike FHA …
Mortgage Requirements With Deferred Student Loans
We've written many times about Student Loan Debt and the difficulty it causes for many home buyers in North Carolina (and across the country) to qualify for a mortgage. Many folks who are buying …
Continue Reading about Mortgage Requirements With Deferred Student Loans →
Fannie Mae Update: Deferred Student Loans Conventional Mortgage
Fannie Mae is one of the "Big Dawgs" when it comes to Conventional Mortgage Loan Underwriting Guidelines. If they say something will work, most lenders / banks will follow that lead and approve loans …
Continue Reading about Fannie Mae Update: Deferred Student Loans Conventional Mortgage →