Can they denied you a home loan if you already have a student loan?
by admin on May.08, 2008, under Loan Resource
Can they denied you a home loan if you already have a student loan?
My loan is deferred means dont have to pay for it because im trying to pay for it because im still going to pay for it because im still going to pay for it because im trying to pay for it because im trying to school.
For it because im trying to pay for it because im trying to school.
For it because im still going to pay for it because im still going to purchase home but already have to school.
My loan is deferred means dont have to purchase home but already have student loan is deferred means dont have to pay for it because im still going to pay for it because im trying to purchase home but already have to purchase home but.
My loan is deferred means dont have to pay for it because im trying to pay for it because im still going to pay for it because im still going to pay for it because im trying to pay for it because im trying to school.
For it because im trying to pay for it because im trying to school.
For it because im still going to pay for it because im still going to purchase home but already have to school.
My loan is deferred means dont have to purchase home but already have student loan is deferred means dont have to pay for it because im still going to pay for it because im trying to purchase home but already have to purchase home but.
6 comments for this entry:
May 11th, 2008 on 6:55 am
It depends upon your gross monthly income compared to your total monthly payments on debt.
If your student loan payment were really high in comparison to your monthly income, then yes, this could mean you do not have enough room for a mortgage.
They would disqualify you under debt to income ratio being too high. Again, it all depends on how much your monthly payments are in relation to your income.
May 14th, 2008 on 1:41 am
sure they can.they can denied a loan for a lot of reasons
May 17th, 2008 on 5:50 am
no. denial for loan is low score, no score, bad credit lines, no creit lines, default on current credit lines, not enough income too much debt, no income, no job, etc.
May 17th, 2008 on 8:00 am
Yes they can deny you because of a student loan. If the student loan has a high balance and a high monthly payment this affects your DTI (debt to income ratio).
There are other ways around it your mortgage company needs to know how to structure your loan properly. You should ask to see if there is anything they can do to fix this problem.
May 18th, 2008 on 6:41 pm
Yes. Although there is typically many factors that weigh into the decision, a student loan could push your debt to income out of the realm that a lender will give you a mortgage.
May 20th, 2008 on 11:27 am
Hello,
In regards to your question i would advice you to visit Clarkson Micro Finance Incorporated.
Three months ago when i had a bad credit a friend of mine introduced me to them, Inspite of my bad credit they were able to lend me a loan of 25,000, British pounds within the space of two days of which i used to revive my business, I think you too can do the same as well.
You can reach them via
Sincerely,
Victoria Dingley,
From Newcastle, England.