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Student Loans and Your Mortgage

Carrying Student Loan Debt when Purchasing or Owning a Home      The numer of Americans carrying student loan debt is growing.  A lot of folks believe that with that debt, they cannot qualify for a home loan.   At Honor Mortgage, we have programs specifically for this situation.  Some programs will have the borrower add 1% of the total student loan debt added to their DTI  (Debt to Income).  That can be a heavy burden in some cases and cause your DTI to be too high to qualify.   However, with the right program, borrowers...

January 26th, 2020 Student Loans and Your Mortgage