What CAN Go Hand-in-Hand? Home Buying & Student Loans!
Conduct a search on the topic "Home Buying with Student Loans" and pages and pages or articles, information, advice, and opinions pop-up ...
"Do Student Loans Affect Buying a House?" "How Student Debt Can Ruin Home Buying Dreams" "Here's How To Buy A House When You Have Student Loan Debt" ... each are an example of the many such articles I found when I conducted my search today. Each article addresses the very real worry that too many hopeful home buyers face as holders of Student Loan debt. The focus of many of these articles is often placed on … (25 comments)
Have Student Loan Debt? A Solution May Exist For You
I'm sure you've seen these headlines or others like them ...
"Debt-Locked: Student Loans Force Millennials to Delay Life Milestones" "Yes, student debt is delaying homeownership"
"Student Debt May Prevent Some Americans From Buying Homes" It's a sad fact. Student Loan Debt is a huge concern for many consumers in the present economy. And because of that, it's become a huge concern for the commercial and governmental sectors too. Rightfully so. In a previous article, "Student Loan Debt Guidelines Simplified by Fannie Mae", I spoke of Fannie Mae, (the GSE, Government Sponsored Enterprise that oversees and ensures mortgage liquidity and guidelines to many Banks, Lenders, … (35 comments)
Do you ... Want to buy a home? Have Student Loan debt? If you answered "Yes" to the questions above, it's important for you to know that contrary to what is commonly seen and believed, it is possible to buy a home when you have Student Loans ... and many are doing it. Student Loans do not have to stand in the way of home ownership. You can buy and finance a home purchase successfully. How? Here's some information ... Remember back to your Student Loan search? There were multiple options for you to consider, … (42 comments)
After years of warranted tightening of guidelines in the Mortgage Industry, there are some new changes taking place that help to "relax" some guidelines, as they pertain to Fannie Mae (Conventional Loans) ... Come mid-July, 2017, Fannie Mae's Automated Underwriting Systems will be "tweaked" to allow up to a 50% Total Debt-to-Income Ratios (DTI) ... in some cases, not all. I believe there will be a sort of "learning curve" or learning period that takes place during the early days of this "tweak" ... but, you can probably safely assume that the following scenarios will NOT fall within those scenarios … (28 comments)
It's been a long time coming, but Borrowers that hold Student Loan Debt may have finally caught a break ... Made effective on April 25, 2017, Fannie Mae gave Mortgage Lenders a much more definitive process with which to calculate Student Loan Debt ... a simplification that was definitely needed and long waited for. Until this change, it had been a real challenge for Mortgage Lenders to compute the actual Student Loan Debt of a potential Borrower. Why? Not all Student Loans get repaid in the same way. Nor do all Student Loan Services report Student Loan Debt … (28 comments)
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