Student Loans May Affect Mortgage Eligibility

Student Loans May Affect Mortgage Eligibility

Student Loans May Affect Mortgage Eligibility. If you have student loans it will be more difficult to qualify for a mortgage after June 29th. In short, low or deferred payments on an income-adjusted payback plan are currently not counted against you. After June 29th, that’s not the case anymore. After June 29th, lenders must use your real repayment amount regardless of if you can afford it, which may cause many not to qualify for a mortgage.

More info: http://t.usnews.com/Zhiext?src=usn_tw