Myth vs. Fact for Student Loan Debt
Have you ever played telephone? Have your friends or family told you about their experience when buying a home and how they couldn’t qualify for a home because of their student loans? Don’t always believe what you hear. There is more to a qualifying for a home other than just student loans. Speak with a Mortgage Loan Advisor today for the Facts when it comes to Homebuying and Student Loan Debt. Every bank/lender is different. Some banks/lenders set their own guidelines when it comes to student loan debt whereas others follow Fannie Mae/Freddie Mac guidelines only, such as us at Community Lending, powered by Hamilton Home Loans. Remember, Lending Guidelines change frequently just like interest rates to keep up with what is going on in the market. Maybe you need someone who can creatively structure your loan so that student loans aren’t an issue. If you’ve had this issue, lets talk.